Cayman Hosts Regional Banking Supervision Workshop
The Cayman Islands Monetary Authority has hosted a six-day banking seminar organised
by the United States Federal Reserve, which was designed to enhance and develop
regulatory skills in the banking industry across the Caribbean.
According to CIMA, which previously hosted the seminar in 2001 and 2003,
the training sessions consisted of workshops and case studies on basic financial
statement and cash flow analysis, and loan administration. Meanwhile, the seminar sought to inform participants of the fundamentals of
credit risk analysis and examination skills applicable to asset quality review
functions, and the development of systematic strategies for this type of analysis
and its associated risks. Mrs. Anna McLean, Head of Banking Supervision, observed that: “In the dynamic banking environment that exists today, sound regulatory
training and development is critical to ensuring that banking supervision staff
have the appropriate skill set necessary to assess the soundness of financial
institutions. In addition to receiving a robust first-class training programme
our banking analyst will have the opportunity to exchange experiences and ideas
with their counterparts in the region.” Mr. Sarkis Yoghourtdjian, Manager of the Federal Reserve’s Division of
Banking Supervision and Regulation, added that: “The Federal Reserve is pleased to conduct regional bank supervisory
training programmes in the Caribbean. We consider this investment in human capital
an important activity in enhancing supervisory capacity worldwide.” The seminar commenced on February 7, and its participants comprised 22 supervisors
from the Cayman Islands, Aruba, Belize, Curacao-Netherlands, Guyana, Jamaica,
St. Lucia, Suriname and Turks & Caicos. .
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