MUSCAT: A regional seminar on “Regulating and Supervising Systemic Banks”, will be inaugurated at the Intercontinental Hotel in Muscat on Monday. The four-day seminar, which will be launched by Hamood bin Sangour al Zadjali, Executive President of the Central Bank of Oman, is organised by the Central Bank of Oman in collaboration with the General Secretariat of the Gulf Cooperation Council (GCC) and the Financial Stability Institute (FSI) of the Bank for International Settlements (BIS). The BIS officials will conduct the seminar. A number of banking examiners from all the central banks and monetary agencies of the GCC countries will participate in the seminar.
The seminar aims at enhancing the manpower skills of the GCC regulators, as well as boosting the supervisory and regulatory systems of the GCC countries. It will also focus on supervision and control of the domestically systematically important banks (DSIBs). The working papers will deal with a number of issues of interest to the GCC central banks.
These include Basel III Accord and the related new developments, in addition to studying the DSIBs framework adopted by the Central Bank of Oman and the Central Bank of Bahrain to address issues relating to banks with systemic risks.
The seminar will also deal with the governance issues, important regulatory issues and developing the practices of the central banks in GCC countries in supervising DSIBs. It will have a number of discussion groups (Tours de Table) on regulation and supervision on the Gulf banks, as well as the developments and lessons learnt from risk management and controls. It will also discuss balance sheets presentation in the light of recent developments in Basel III and the latest standards on accountancy, financial instruments and supervisory regulations.
It will also shed light on the stress testing.
SOURCE: OMAN DAILY OBERVER