Page 33 - NIBAF-Training Matters April-June 2021
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NIBAF Quetta
Prudent Risk Management by participants and discussed Commercial banking) with the
banks is the primary the revised framework while participants. He discussed
regulatory concern for SBP as also addressing all of the Operational Risk
the banking industry participant queries for Management tools including
continues to evolve. To assess successful implementation of Loss Data reporting and
and mitigate risks from these the revised guidelines. assessment, Risk and Control
changing market dynamics, Another session on Self-Assessment
SBP continues to upgrade its Operational Risk Methodology, Key Risk
regulatory environment Management was conducted Drivers and Indicators, use of
which effectively mandates on May 25, 2021 to help Audit/Compliance Reports
banks to adopt well- banks assess their and Scenario Analysis with
constructed risk management Operational Risk Exposure the participants of Banks, and
infrastructures. and adopt a process of MFBs.
In order to strengthen the Continuous Risk Assessment, Going beyond the banking
resilience of the Islamic and Monitoring and Reporting. sector, NIBAF-Quetta offered
Microfinance Banking Mr. Javed Ahmed Shaikh, its first program for Non-
Segments (which have been Compliance Head, Meezan Banking Financial Institutions
experiencing growth in size Bank Limited was engaged (NBFIs) in June-2021. As a
and complexity under SBP’s for the session. Mr. Javed is major step towards further
strategic focus on priority Certified Internal Controls developing the debt market
sector financing and financial Auditor (CICA), Certified (particularly Government
inclusion), SBP revised Stress Forensic & Audit Analyst securities market), SBP
Testing Guidelines in (CFrA) and Associate Member revised the Rules Governing
September-2021. Under these of Business Continuity the Primary Dealers (PDs)
revised guidelines, separate Institute who shared his System of Government
sections have been learning that spans over 20 Securities on April 12, 2021.
incorporated for the said years of banking Under the new rules, SBP has
segments in line with their experience(Central and relaxed the selection and
peculiar business model risks.
Two online training
workshops were organized by
NIBAF-Quetta on the subject
separately for Islamic banks
and MFBs in April 2021.
Financial Stability Team, led
by Dr. Jamil Ahmed-Divisional
Head-Macro Prudential
Surveillance Unit, SBP held an
interactive session with the
Training Matters! – April – June, 2021 33
