The Cayman Islands Monetary
Authority is currently hosting a five-day Credit Risk Analysis School for banking regulators in theCaribbean in cooperation
with the Association
of Supervisors of Banks of the Americas and the Caribbean Group of Bank Supervisors.
The training event that is taking
place at the Westin Casuarina Resort, from Monday to Friday this week will
feature exams on the final two days.
The school is led by facilitators
from the United States Federal Reserve and sees participants from government
regulatory bodies and central banks in Trinidad and Tobago, Netherlands
Antilles, Belize, Bahamas, Aruba and Jamaica as well as local participants from
CIMA’s Banking Supervision, Fiduciary, and Investments and Securities
CIMA’s Managing Director Cindy
Scotland explained that hosting this school is part of the Authority’s
commitment to ensuring that CIMA staff operates with the most current standards
and techniques of supervision and promotes international cooperation.
“As a regulator, we constantly
strive for our staff to be kept abreast of the ever-improving techniques for
regulating and supervising financial entities,” she said. “Participating in
this high level of training allows us, and our regional counterparts, to tap
into the expertise of organisations such as the Federal Reserve and creates a
shared knowledge base with our peers.
“This further strengthens relations
between us and our fellow regulators and enhances our ability to supervise our
licensees, particularly those operating across jurisdictions,” she added.
The curriculum for the training
will provide participants a
systematic strategy for analysing credits and the development of specialised
types of credits. Topics include: the global financial
turmoil and the supervisory lessons learned, borrowing causes, financial
statements, ratio analysis, cash flow projections, loan structure and documentation,
collateral evaluation, credit classifications, credit risk rating and problem