|
|
Author |
Topic |
|
toubab1020
12237 Posts |
Posted - 25 Oct 2013 : 23:38:17
|
I hope that all the delegates are very familiar with some of the terms used in this article by Mr. Basiru Njie, the First Deputy Governor of the Central Bank of The Gambia,,such as:
"unlike the micro-prudential approach, executing macro-prudential oversight involves heavier informational requirements and more complex analytical frameworks."
and
"enhance their ability to limit the risk of systemic failure through various reform measures."
I am sure all readers will understand very well the words used by Mr. Basiru Njie.
National News CBG, WAIFEM Regional Banking Course Starts in Banjul Published on Thursday, 24 October 2013 18:10 | Written by Saikou Suwareh Jabai By Saikou Suwareh Jabai The Central Bank of The Gambia (CBG), in collaboration with the West African Institute for Financial and Economic Management (WAIFEM), yesterday, 21 October, commenced a nine (9) day regional conference on Advanced Banking Supervision and Financial Stability. The forum brought together participants from monetary institutions in the sub-region. The Director for Financial Sector Management at WAIFEM, Mr. Ousman Sowe, said his institution was established in July 1996 by the Central Banks of The Gambia, Ghana, Liberia, Nigeria and Sierra Leone, with the mandate to build sustainable capacity for improved macroeconomic and financial sector management in the member countries’ central banks. He said WAIFEM has collaborated with a number of reputable institutions to ensure high standards in its programmes. ‘‘The principal objective of the meeting is to assist participants to appreciate the need for financial stability and In addition, he said the course will assist participants to understand contingency planning, risk-based supervision and the mechanics of assessing financial sector vulnerability,’’ he said. In his statement, Mr. Basiru Njie, the First Deputy Governor of the Central Bank of The Gambia, told participants that some critical aspects of the discourse should be centred specifically on banking supervision and financial stability. He said the past twenty years witnessed a profound change in the size and structure of the world’s financial markets and that the trend which emerged in a few countries during the 1970s subsequently gathered momentum and spread globally owing to the confluence of the liberalization of financial markets, technological innovation, and favorable macroeconomic environment. “More importantly, these developments also gave rise to a more efficient and competitive financial industry, but not without certain costs and strains including greater risk of potential disruptions,” said the CBG First Deputy Governor. Mr. Njie said the recent financial and economic crisis reinforced the importance of effective regulation and supervision. According to him, one of the lessons learnt from the financial crisis is that micro-prudential approach to supervision and regulation is not sufficient to maintain financial stability. He added “Macro-prudential supervision should and must be a necessary complement. The ultimate goal of macro-prudential supervision and regulation is to minimize the risk of financial disruptions that are sufficiently severe to inflict significant damage to the broader economy.” The CBG First Deputy Governor said unlike the micro-prudential approach, executing macro-prudential oversight involves heavier informational requirements and more complex analytical frameworks. He added that because of the highly interconnected nature of the financial system in particular, emphasis should be on understanding the complex linkages and interdependencies among institutions and markets as these linkages determine how instability may be propagated throughout the system.
http://www.foroyaa.gm/national-news/14388-cbg-waifem-regional-banking-course-starts-in-banjul
|
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
|
Edited by - toubab1020 on 25 Oct 2013 23:45:03 |
|
kobo
United Kingdom
7765 Posts |
Posted - 26 Oct 2013 : 00:59:56
|
quote: Originally posted by toubab1020
I hope that all the delegates are very familiar with some of the terms used in this article by Mr. Basiru Njie, the First Deputy Governor of the Central Bank of The Gambia,,such as:
"unlike the micro-prudential approach, executing macro-prudential oversight involves heavier informational requirements and more complex analytical frameworks."
and
"enhance their ability to limit the risk of systemic failure through various reform measures."
I am sure all readers will understand very well the words used by Mr. Basiru Njie.
ALL OF US (EXCEPT THE ECONOMISTS) ARE IN THE JUNGLE ON ABOVE! OH TOUBAB BO! |
Edited by - kobo on 26 Oct 2013 01:01:03 |
|
|
|
Topic |
|
|
|
Bantaba in Cyberspace |
© 2005-2024 Nijii |
|
|
|