Present is the digital age. Doing digital is the talk of the town. Banks, Financial Institutions, Corporates and whole eco-system is inching towards digital landscape day-by-day. Nepal Rastra Bank has issued license as Payment System Operator and Payment Service Provider for the cause.
Programs
Program Takeaways
Theoretical, Legal and Practical for:
· Understanding how a BFI can take business and AML/CFT together
It is imperative for the banks to have a robust risk framework to manage all the risk associated with it and the management of credit risk begins at the origination itself.
For financial institutions, better handling of different types of documents is essential. Technique to communicate with customer legally with good faith is always required in any institutions.
Operational Risk Events (Internal Loss Data) Reporting is the oldest and the most common operational risk reporting system. NRB Risk Management Guidelines requires banks to systematically track and record all relevant operational risk data on individual loss events or near misses.
Program Takeaways
Theoretical, Legal and Practical for:
· Understanding how a BFI can take business and AML/CFT together
With the rapid expansion of capacity and networks, Nepalese banks have been facing serious shortage of skilled manpower in all functional areas and more so in credit.
Banking is an integral part of international businesses, where Trade Finance is one of the most lucrative businesses to any bank.
Bank and Financial Institutions have been giving extra focus in growing Retail/ Consumer Lending in the recent days as it contributes in diversifying the risks and enhancing the customer base.
The Banking and Financial Institutions of Nepal have become a major sector influenced by increasing digitization and digital technologies.
Present is the digital age. Doing digital is the talk of the town. Banks, Financial Institutions, Corporates and whole eco-system is inching towards digital landscape day-by-day. Nepal Rastra Bank has issued license as Payment System Operator and Payment Service Provider for the cause.
The frequent appearance of financial scandals in the Banking and financial service industry has intensified attention on operational risk.
Forgery in documents which are used for any banking transactions may lead to greater economic loss. Hence personnel involved in such activities need to know the ways of forgery in documents like check, ID and different aspects of signature, fingerprint etc.
For financial institutions, better handling of different types of documents is essential. Technique to communicate with customer legally with good faith is always required in any institutions.
Market risk management is becoming complex discipline over the years, with increased focus on internal risk standards, evolving market conditions and significantly increased regulatory requirements.
Loan is an asset to any financial institution. A bank normally maintains more than 60% of its loan portfolio under working capital. That is why it is very much necessary to ensure that a working capital loan does not become bad as it is normally not secured by other collateral security.
It is imperative for the banks to have a robust risk framework to manage all the risk associated with it and the management of credit risk begins at the origination itself.
BIS issued “Basel III: A Global Regulatory Framework for more Resilient Banks and Banking System” in 2010, in order to strengthen global capital and liquidity rules with the goal of promoting more resilient banks.
The program will help in understanding:
- How a BFI can take business and AML/CFT together
- How a BFI can best expand business together with AML/CFT compliance
- How AML/CFT help expanding business
- How minimum resources and staffs can work on AML/CFT
Lending or advancing credit facilities is one of the core functions of banks and financial institutions. All employees engaged in credit related jobs should possess basic knowledge about the function before or at the time of assuming such role.