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- +971565227317
- Our Address
- Masdar City Freezone, United Arab Emirates
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- Mon - Fri : 8:00 am to 5:00 pm
Central Banks
Central Banks
It’s no secret that the banking business has been changing rapidly. Banking supervision has had to adapt to profound structural changes in developed nations and in emerging markets. Depending on the overall size of the bank, its complexity, the nature of services offered, and the volume of transactions, a full-scope examination approach whereby information is assessed at a point in time, there is a revalidation of the balance sheet and income statement, an assessment of compliance with laws and regulations, and significant transaction testing based on the CAMELS rating system; the traditional examination approach may no longer be appropriate.
For Globally Systemically Important Banks (G-SIBs) and Domestically Systemically Important Banks (G-SIBs), a more modernized risk-focused examination process is
advised whereby smaller banks will undergo annual on-site examinations, and for large complex banks, examiners are assigned full-time to an institution with a heavy emphasis on continuous monitoring plus a series of target examinations.
A risk-focused examination process requires the use of examination modules (work paper programs or checklist procedures) and must be staffed with competent, qualified, experienced staff to facilitate the review. The lack or poor quality of the examination modules used, and the degree of training provided to the examination staff is a strong indicator of the quality of its Central Bank and the effectiveness of its Banking Supervision Department.
Our Approach
We work one-on-one with you to develop examination modules and training programs suited for your organization’s specific needs.
Why GBA?
The checklist procedures in our work programs are used by some of the most highly recognized Central Banks in the world. We can also create customized work paper programs that are tailored to your country’s local laws and regulations.
GBA can provide on-site and off-site training that is structured to suit your annual training needs and budget. We can develop an Examiner Training and Commissioning Program to ensure that every examiner has obtained proficiency across many facets of their area of supervision. After completing our training and commissioning program, examiners will have the quantitative tools and soft skills (i.e., critical thinking, strategic thinking, investigative, leadership, and interpersonal communication) to successfully lead risk-focused examinations of moderately complex small and large banks.