Business Solutions, a Center of business consultancy and training for financial executives, organised a series of six workshops. Four workshops of the series were held at Learning Resource Center, State Bank of Pakistan, Karachi, whereas, two workshops held at NIBAF, SBP, Islamabad, said a press release issued on Monday.
Muhammad Rafiq, SVP, National Bank of Pakistan facilitated the first workshop on 'Compliance Management', while the second workshop on 'Anti-Money Laundering' was conducted by Mudassir H Khan, SEVP/MMC, Habib Bank Ltd.
Inayat Hussain, SBP Senior Joint Director conducted the third workshop on 'Consumer Finance' and Faraz Haider, Head Compliance, NIB Bank facilitated the fourth workshop on 'Operational Risk & Basel-II'.
Shaukat Zaman, Director, SBP Banking Services Corporation conducted the fifth workshop on 'Risk Based Auditing', while Kazi Abdul Muktadir, Managing Director, NIBAF SBP, Islamabad facilitated the workshop on 'Risk Management & Basel-II'.
The chief guest, Muhammad Rashid Zahir, CEO, Saudi Pak Industrial & Agricultural Investment Company Ltd, emphasised at the certificate awarding ceremony that in the new regulatory environment under Basel II regime, there would be substantial impact on the banks and financial institutions in terms of data collection, risk and capital calculation and reporting processes and systems.
Therefore, to achieve compliance, banks and financial institutions need to make significant investment in their human capital, processes and technologies, the statement added.
Changes in structure, design and control system are inevitable if we want to meet the new challenges in today's global economic and financial environment, Muhammad Rashid Zahir said. Style and role of the management, well-documented strategies, policies, procedural manuals and systems would play an important role in the successful transformation to the new environment.
Only those institutions would truly excel, who could timely adjust themselves to the new environment and tap their employees commitment and capacity to learn and implement such changes, he concluded.-PR