CIMA conducts regional training for banking regulators

The Cayman Islands Monetary Authority has joined with the Association of Supervisors of Banks of the Americas and the Caribbean Group of Bank Supervisors to host a five-day Banking Analysis and Examination School for banking supervisors in the Caribbean.

The training course at the Grand Cayman Marriott Hotel runs through Oct. 18, with exams held on the final day. The course is led by facilitators from the U.S. Board of Governors of the Federal Reserve.

CIMA Managing Director Cindy Scotland said hosting this training reaffirms the authority’s commitment to exposing the authority’s staff to the latest standards and techniques of supervision and to promoting international cooperation.

“As regulator of one of the top financial jurisdictions, it is vital that CIMA staff be cognizant of cutting-edge techniques in regulation and supervision,” she said. “High-level training such as this allows us, and our regional counterparts, to benefit from prominent organizations like the Federal Reserve. This shared knowledge reinforces cross-border cooperation and improves our ability to supervise our licensees, particularly those operating across jurisdictions.”

Participants will be prepared to conduct risk-focused supervision through evaluation of the following topics: risk management and risk-focused supervision, bank supervision and financial analysis, credit analysis and loan classification, enforcement of rules and regulations and supervision of problems, foreign bank offices supervision, operative risk and internal controls.

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