| Training
Programs in 2005 |
 Insurance |
| The title 'insurance' includes life insurance
and general (property and casualty) insurance. It does not include
health insurance, except when it may occur as a component of
life or general insurance. Participants were provided with a
sound understanding of prudential regulation and risk management
principles in the insurance sector and their implementation
from both the regulatory and industry perspectives. |
| Banking |
| Since 1999, the Basel Committee on Banking Supervision
has been developing the new Basel Accord. While intense discussions
continue on the substance of aspects of the accord and the timing
of implementation, major changes to banking supervision and
to risk management practices worldwide will follow as a consequence
of the new accord. Against this background, participants were
exposed to current thinking and practice regarding the implementation
of the New Basel Accord from both a regulatory and practitioner
perspective. The content of the Accord and the institutional
framework for its successful operation was considered. The likely
impact upon financial institutions and markets, and the implications
for bank risk management, governance and disclosure was reviewed.
Specific attention was given to the modeling and management
of credit risk, market risk and operational risk and to testing
the robustness of those risk management systems within a regulatory
perspective. |
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