Page 22 - NIBAF-Training Matters January-March 2021
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Trainings by Categories
51
34 32
23 24 24
15 14
6 6 9 4
Q1-FY21 Q2-FY21 Q3-FY21
Soft Skills Functional IT Skills Others
Exchange Regulations for Special Technology
NIBAF-Karachi campus started offering regular
training programs for financial institutions since Zones.
December-2020 and since then have conducted With the growth in e-commerce and international
seven training programs (two F2F and five online) trade expected from this enabling FX regulatory
which include topics aligned with the SBP priorities framework, growing concerns also emanate from
of growth under an enhanced regulatory Trade Based Money Laundering (TBML). Hence, an
framework. online session on the subject was conducted on
March 30, 2021 by Mr. Mehtab Husain Shah, Joint
Exchange Policy Department, SBP has been swiftly
issuing new instructions and making amendments to Director, Exchange Policy Department who
the existing Foreign Exchange Regulations to extensively discussed SBP framework for managing
facilitate investors and to promote ease of business risks of TBML/TF, its objectives, TBML typologies,
for local businesses and exporters. These changes control mechanism to manage risks including use of
over the last few years required that a the common Red Flag Indicators, etc.
comprehensive session be conducted for bankers SBP announced date for IFRS 9 adoption by the
working in the foreign exchange units of financial industry in 2019. In order to facilitate the bankers
institutions to give them a holistic view of the FX in successful implementation and orderly transition
regime currently in place. Mr. Noorullah, Senior within the stipulated timeline, two iterations on the
Joint Director, Exchange Policy Department was subject were conducted on Jan 25, 2021 and March
invited to conduct this online training session on Jan 25, 2021. This program was designed specifically
15, 2021. He extensively covered amendments in to better equip the participants for adopting new
instructions regarding operation of Non-resident accounting standards in handling financial
Rupee Accounts, Foreign Currency Accounts, instruments. Mr. Zubair Sohail, Deputy Director,
procedure for Trading of Quoted Shares through BPRD who has been playing a key role in steering
NRP Rupee Value Account (NRVA), mechanism for the adoption of the new standard by the industry
Valuation and Repatriation of disinvestment conducted this session and shared his expertise on
Proceeds and remittances to Digital Service areas including classification and measurement of
Provider Companies against acquisition of digital financial assets, contractual cash flows and the
services, Regulations governing Business-to- business model test, Fair value through profit or loss,
Consumer (B2C) e-Commerce and Special Foreign expected loss-the new model, three stage model
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