CIMA to host school for bankers
(CNS): Following what it said was a successful round of training for funds and securities regulators last week, the Cayman Islands Monetary Authority (CIMA) is now joining with the Association of Supervisors of Banks of the Americas (ASBA) and Caribbean Group of Bank Supervisors (CGBS) to host a five day Credit Risk Analysis School for banking regulators in the Caribbean. CIMA’s Managing Director Cindy Scotland said the school is part of the Authority’s commitment to ensuring that CIMA staff operates with the most current standards and techniques of supervision and promotes international cooperation.
“As a regulator, we constantly strive for our staff to be kept abreast of the ever-improving techniques for regulating and supervising financial entities,” she shared. “Participating in this high level of training allows us, and our regional counterparts, to tap into the expertise of organisations such as the Federal Reserve and creates a shared knowledge base with our peers. This further strengthens relations between us and our fellow regulators and enhances our ability to supervise our licensees, particularly those operating across jurisdictions.”
The training exercise is taking place at the Westin Casurina Resort, Monday through Friday, 19-23 April, with exams being lead on the final two days. The school will be led by facilitators from the United States Federal Reserve, Princeton Rose, Director, Bank Supervision and Regulation, Federal Reserve Bank of Atlanta; Carol Roller, Senior Bank Examiner, Federal Reserve Bank of New York, and arkis Yoghurtdjian, Assistant Director, Division of Banking Supervision and Regulation, Board of Governors of the Federal Reserve System.
Open to government regulatory bodies, participants for this school are expected from the central banks of Trinidad and Tobago, Netherlands Antilles, Belize, Bahamas, and Aruba, as well as the Bank of Jamaica, and local participation from CIMA’s Banking Supervision, Fiduciary, and Investments and Securities divisions.
The curriculum for the training will provide participants a systematic strategy for analysing credits and the development of specialised types of credits. Topics include: the global financial turmoil and the supervisory lessons learned; borrowing causes; financial statements; ratio analysis; cash flow projections; loan structure and documentation; collateral evaluation; credit classifications; credit risk rating, and problem loans.
Category: Business
