Disclosure requirement, risk management of banks, FIs emphasised

FE Desk Report | Published: September 09, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

A workshop titled ‘impact of BASEL-II implementation on the national economy with special reference to disclosure requirement and risk management of banks and financial institutions’ organised by Institute of Cost and Management Accountants of Bangladesh (ICMAB) was held Monday at the ICMAB auditorium in the city.
This event was planned and conducted as a part of South Asian Federation of Accountants (SAFA) activities participated by members of ICMAB, President of ICAB Showkat Hossain, FCA and its Council members, member representatives from the SAARC countries, Bankers and professionals of different sectors associated with financial disciplines. Mr. M A Mannan MP, Minister of State, Ministry of Finance & Ministry of Planning graced the occasion as the Chief Guest while Mr. Shitangshu Kumar Sur Chowdhury, Deputy Governor, Bangladesh Bank remained present as the Special Guest. Mr. Niyaz Ibrahim, Auditor General of Maldives was invited as the Guest of Honour in this occasion. President of ICMAB Mr. Mohammed Salim, FCMA offered the welcome address and he highlighted the overall activities of ICMAB. Mr. Muzaffar Ahmed, FCMA, past President of ICMAB and President of CRISL presented the theme paper in the workshop. Mr. A.S.M. Shaykhul Islam, FCMA offered the vote of thanks. Mr. Mohammad Mahbubur Rahman, FCMA announced the program.
This workshop was conducted as a part of SAARC aligning activities on the issues of BASEL-II in its second phase of road- map plan to be implemented by the Banking Sector as a matter of policy guideline for SAARC countries. In the beginning of 1980s the Banks of International Settlement (BIS) at Switzerland formed a committee named Basel Committee to look after the banks' Capital adequacy. Thereafter, from the beginning of 1996, the BIS came up with an improvement of BASEL-I and pronounced BASEL-II, a capital Adequacy Framework where the Banks are required to operate under three pillars e namely. Minimum Capital Requirements, Supervisory Review and Market discipline This plan is expected to have a direct impact not only the operational environmental of Banks and FIs (Financial Institutions) but also on the Financial Reporting Standards, systems and procedures.