Deloitte holds leadership programme
View(s):As the Sri Lanka regulator prepares to embrace the global capital standards as per the central bank’s plan for the year 2014, the recently held thought leadership programme presented by SJMS Associates in collaboration with its knowledge partner DeloitteTouch Tohamatsu India (Pvt). Ltd focused on exploring the intended and unanticipated consequences on Sri Lankan banks.
“The session discussed the areas of regulatory focus, what banks can expect beyond Basel 3 as the Basel committee questions the need to balance simplicity, risk-sensitivity and comparability in the risk and capital guidelines. The event also had a panel discussion with the Sri Lankan bank’s CEOs, CROs and the regulators on impact the Basel III regulations will have on growth targets and what the banks can be to navigate the constantly evolving regulatory landscape,” a media release by SJMS said.
The forum participated by CEOs and CROs of the banking industry, that primarily addressed Basel 3 which has far reaching impact on the business model, capital and sources of funding. The market infrastructure also requires significant amendments in terms of new capital instruments, derivative exchanges, central counterparties for clearing Over the counter, depth in the debt market etc, the release said.