Strengthening financial stability through effective risk and capital management

Friday, 20 September 2013 00:35 -     - {{hitsCtrl.values.hits}}

Presentation and discussion by SLBA, ACCA and KPMG The Sri Lanka Banks’ Association, together with the Association of Chartered Certified Accountants (ACCA) Sri Lanka and KPMG in Sri Lanka as the technical partner, are to conduct an evening presentation and discussion on the topic ‘Strengthening Financial Stability through Effective Risk and Capital Management,’ covering ICAAP, Basel II Advanced Approaches and Basel III Migration. The financial and sovereign crisis over the last few years has created greater political and regulatory will than ever before. The Pillar 2 framework introduced with Basel II set specific requirements for banks whereby an appropriate level of capitalisation has to be determined in respect of their business models and risk profiles (ICAAP), whilst the regulators would review and evaluate the banks’ approaches (SREP). Moving forward, the introduction of the new Basel III framework and its future implementation in phases, which commenced in 2013 and is expected to conclude in 2019, will include raising the quality of capital as well as strengthening the liquidity standards of banking institutions with careful consideration of the operating environment. The presentation and discussion will provide an overview of risk management and the key challenges faced by banks and finance companies in regard to the implementation of ICAAP along with the impact of the new Basel III capital and liquidity requirements. Nilusha Ranasinghe, Head of ACCA Sri Lanka stated, “We at ACCA want to lead and shape the Agenda of the Profession. Participating and contributing to these technical presentations ensure we continue to be recognised as having a valuable opinion on matters affecting the accountancy profession and the environment in which we operate globally. This includes ensuring our research and insights, and the events and conferences we participate in and organise are relevant to the needs of employers, well communicated and promote public value. These ventures also enhance the organisation’s global reputation and influence and it does this by providing leading-edge thinking, analysis, policy recommendations and practical tools for the profession and business both now and in the future.” The event will feature a presentation by Eckart Koerner, Executive Director and Head of Financial Risk Management Services for KPMG Management & Risk Consulting Sdn Bhd, Malaysia. Eckart holds vast experience in performing risk management projects for financial institutions across Europe and the Asia Pacific region. The presentation will be followed by an interactive discussion with an eminent panel of corporate leaders and professionals including Yvette Fernando – Director Bank Supervision of the Central Bank of Sri Lanka, Rajendra Theagarajah – Chief Executive Officer of the National Development Bank, Sanath Manatunga Chief Risk Officer of the Commercial Bank and Reyaz Mihular – Managing Partner of KPMG in Sri Lanka. The event will take place on Thursday, 26 September 2013, from 5 p.m. to 7:30 p.m., at the Victorian Ballroom of the Kingsbury Hotel in Colombo.