Sun, 26 Jun 2022 Today's Paper

Standard Chartered conducts session for local compliance officers

9 June 2016 12:00 am - 0     - {{hitsCtrl.values.hits}}

A A A

Standard Chartered recently conducted a training session for compliance officers of local banks on the subject of ‘Managing the Regulatory Process’. 


The session was conducted under the auspices of the Association of Compliance Officers of Banks (ACOB) by Standard Chartered for ASEAN and South Asia Regional Compliance Training Head P. Ananthakrishnan (Ananth), with 48 participants from banks including Indian Overseas Bank, Seylan Bank, Axis, ICICI, NTB, DFCC, Public Bank, Sampath Bank, HDFC, Commercial Bank, MCB, Bank of Ceylon, NDB, Union Bank, SDB, Amana, People’s Bank, HSBC and SLS Bank.


Ananth emphasising the importance of putting in place a structured Regulatory Engagement Plan in every bank said, “A disciplined approach towards meeting regulator expectations is essential. The elements of such a Regulatory Engagement Plan must include correspondence, meetings and regulatory inspections. It is very important to have a process in place for orderly identification and dissemination of regulations to various ‘risk owners’ within the bank so that regulations can be implemented meticulously.”


The session further reiterated that all regulations should be risk prioritised based on a risk rating of ‘high’, ‘medium’ or ‘low’, depending on the impact on the institution, with the maximum importance and attention required to be paid to effective controls around the ‘high’ and ‘medium’ risk regulations. Compliance is the responsibility of every employee in the bank and not only of the compliance department, as is generally assumed. Ananth stressed that this message should be sent out strongly by the top management to all staff.


Standard Chartered Compliance Head Inam Cassim said, “Ananth has generously included Sri Lanka in his exceedingly demanding training schedule every year for the last five years and we are grateful to be able to share his wide expertise with the industry’s compliance officers. We have consistently received very positive feedback and appreciation of these sessions.”  

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Mirihana land reclamation project leaves farmers fuming

At present reclamation activities are underway at an 80-acre paddy land close

Is there a solution? Sustainable Fuel Bill for road transport

There is a great mismatch in spending between Sri Lanka’s total imports and

Aloka Pooja at Thanthirimale courtesy Wijeya Newspapers

The historical Thantirimale Raja Maha Viharaya, which associates itself with

Lessons from the fiasco over the detention of ‘Aeroflot’

As if Sri Lanka did not have enough problems, the government last week let an