Achievement of Market-Friendly Initiatives and Results Program
(AMIR 2.0 Program)
Funded By U.S. Agency for International Development
Executive Summary
Risk Management Workshop
Presentation for the
Central Bank of Jordan
Final Report
Deliverable for Capital Markets Component, Task No. 645
Capital Markets and CBJ Training Programs
Contract No. 278-C-00-02-00210-00
October 2002
This report was prepared by Howard Schuman, Ken Dorph and Sarah Hargrove, in
collaboration with Chemonics International Inc., prime contractor to the U.S. Agency for
International Development for the AMIR Program in Jordan.
Financial Advisory Services (Module 207), Jordan Capital Markets Forum and CBJ Workplan Activities Final Report
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AMIR Program
1
Amman, September 10th, 2002
Executive Summary:
Risk Management Workshop
Central Bank of Jordan
Achievement of Market-Friendly Initiatives and Results Program
1
C O N S U L T I N G
The Risk Management Workshop was created to address the
evolving roles of bank supervisors
• Banking supervision is moving away from being a simple
compliance “checklist”
• Banking supervision is evolving instead towards evaluating a
bank’s own internal practices:
ü Risk management
ü Determination of capital adequacy
2
C O N S U L T I N G
This change in approach demands a new set of knowledge and skills
• More sophisticated knowledge of risk management concepts
and techniques than supervisors generally now have
• CBJ supervisors agree that they have gaps in their knowledge
and skills – with varying degrees of competence
3
C O N S U L T I N G
The workshop was particularly timely given the need to address the
evolving skills required by this new approach
• Enhance knowledge of evolving international best practices in
risk management
• Share experience from real situations to help CBJ staff focus
priorities
• Not a detailed course on BIS I or BIS II, but rather a workshop
to enhance practical superviso