CFA probes banking industry challenges
Manama, June 13, 2011
The institute of Chartered Financial Advisers (CFA) Bahrain organised a presentation on Basel III and the challenges to the region's banking sector for its members.
Basel III is a newly-introduced regularity standard to strengthen banks' capital requirement as it imposes new measures on bank liquidity and bank leverage.
It was developed in response to the deficiencies in financial regulation revealed by the global financial crisis.
The event was hosted by Ernst and Young Mena at the Capital Club in the Bahrain Financial Harbour last week.
Ernst and Young Mena head of financial services risk management Asad Jafree discussed this new Basel III accord and outlined its strategic implications.
He also highlighted the link between risk and capital management as well as challenges and issues facing the region's banking sector and possible solutions.
The Basel III updates have come at an opportune time when many financial institutions are striving to gain greater insight and trying to understand the implications that this may have on their business models, strategies and balance sheets.-TradeArabia News Service