Conference on Basel II Dec 9
Sunday, 6 December 2009
FE Report
A two-day conference on Basel II is set to begin in Dhaka Wednesday to help local financial institutions adopt the framework, run their businesses through best practices and prepare themselves for facing financial and operational risks.
Global Strategy Exchange (GSE), the organiser and researcher of the event, disclosed this at a press conference at the National Press Club in the capital Saturday.
GSE, an international business events and information company, is organising the conference at the Westin Dhaka in association with the Association of Bankers, Bangladesh Limited (ABB).
Bangladesh Bank Governor Dr Atiur Rahman is expected to inaugurate the two-day event.
Zakir Hussain, managing director of GSE, said the conference would intrinsically look into the implementation of the framework and the best practices.
He said GSE is organising the conference of international standards, where practitioners and speakers of international repute both from local and overseas financial industry would present keynote papers and participate in the roundtable discussions.
Around 100 delegates including managing directors of financial institutions, chief financial officers, Basel committee members of individual banks, representatives from regulatory bodies are expected to participate during the conference, said Mr Hussain.
Kazi Mahmood Sattar, chairman of Association of Bankers, Bangladesh Limited, said the framework is not just limited to increasing capital base and risk management. "This conference will help us understand our shortcomings."
He said banks in Bangladesh should learn from the experience of other banks in the region. "We can learn how banks in Sri Lanka, India and Pakistan are doing as they have already introduced the Basel II framework."
Mr Mahmood said most of the banks in Bangladesh are yet to be ready to adopt the framework. "The rest of the banks have to qualify for the system as Basel II will become mandatory from January next year to run banks," said the managing director and chief executive officer of City Bank.
A two-day conference on Basel II is set to begin in Dhaka Wednesday to help local financial institutions adopt the framework, run their businesses through best practices and prepare themselves for facing financial and operational risks.
Global Strategy Exchange (GSE), the organiser and researcher of the event, disclosed this at a press conference at the National Press Club in the capital Saturday.
GSE, an international business events and information company, is organising the conference at the Westin Dhaka in association with the Association of Bankers, Bangladesh Limited (ABB).
Bangladesh Bank Governor Dr Atiur Rahman is expected to inaugurate the two-day event.
Zakir Hussain, managing director of GSE, said the conference would intrinsically look into the implementation of the framework and the best practices.
He said GSE is organising the conference of international standards, where practitioners and speakers of international repute both from local and overseas financial industry would present keynote papers and participate in the roundtable discussions.
Around 100 delegates including managing directors of financial institutions, chief financial officers, Basel committee members of individual banks, representatives from regulatory bodies are expected to participate during the conference, said Mr Hussain.
Kazi Mahmood Sattar, chairman of Association of Bankers, Bangladesh Limited, said the framework is not just limited to increasing capital base and risk management. "This conference will help us understand our shortcomings."
He said banks in Bangladesh should learn from the experience of other banks in the region. "We can learn how banks in Sri Lanka, India and Pakistan are doing as they have already introduced the Basel II framework."
Mr Mahmood said most of the banks in Bangladesh are yet to be ready to adopt the framework. "The rest of the banks have to qualify for the system as Basel II will become mandatory from January next year to run banks," said the managing director and chief executive officer of City Bank.