The City Bank Limited has recently organised the country's first high professional level workshop on BASEL- II in the city.
This is the first ever workshop in Bangladesh on Basel-II, which is going to be implemented globally from this year.
City Bank Managing Director Abbas Uddin Ahmed inaugurated the workshop. It was attended by the bank's 25 top management professionals and conducted by Credit Rating Information and Services Limited (CRISL) President and CEO Muzaffar Ahmed.
Muzaffar Ahmed explained in detail features of Basel-II, including its impact on the existing banking management system. He also elaborated that the Basel-II implementation would require training for the banking professionals, investment in hard and soft infrastructures and high level professional skill in risk management system implementation.
The Basel-II capital accord, titled "International Convergence on Capital Measurement and Capital Standard" was published by the Bank for International Settlement (BIS) in June 2004 for global adoption.
The neighbouring countries like India and Pakistan have declared their roadmap to implement the Basel-II captital accord from this year.
The Bangladesh Bank (BB) has also formed committees to review the Basel- II implementation in the country.
Abbas Uddin Ahmed in his speech explained that the country's banking sector would have to adopt Basel-II soon in ordor to keep pace with the international banking requirement. Therefore it is the time to review the accord and to prepare the banking professionals to understand its implications.