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Seminars
| Date | Topic | Location |
| 29th May 2007 | Supervision | Sheraton Hotel, Bahrain |
Supervision
The ability to conduct supervisory visits to firms is one of the most important powers available to regulators and central banks. The latter rely on their supervisory visits to dictate the level and extent of their working relationship with a firm and a firm's senior management team. As a consequence of the information gathered on a visit, some firms will enjoy a closer working relationship with the regulator. Other firms, in particular those that are, in the regulator's opinion well managed, may be considered to pose a "low risk" to the local economy at large. Consequently, the regulatory relationship these firms will experience will be different, perhaps less intrusive.
This session discusses how supervisory visits fit into the overall scheme of regulation. It describes the most common types of supervisory visit and discusses the situations that might trigger each type of visit. It also outlines what a firm might expect during the course of an inspection visit and how best to prepare.
Topics will cover:
- The do's and the don'ts with supervision tools
- The regulatory framework governing supervision
- A risk based approach to supervision
- Risk and assessment
- Pre-visit requests for documentation
- What to expect during the course of a visit
- Managing a regulatory visit
- Supervisory visits: knowing what to expect
Programme
| 15.30 | Coffee break, Registration & Networking opportunity
|
| 16:00 | Session 1
Presentation from the Central Bank of Bahrain Richard Ellis, Advisor, Banking Supervision Central Bank of Bahrain |
Discussion
Discussion opened to the audience under the chairmanship of Alison Magrath, Senior Consultant, Al Tamimi & Co |
|
| 16:45 | Session 2
Presentation from the Qatar Financial Centre regulatory Authority (QFCRA)
Felix Kwan, Senior Director, Supervision, QFCRA |
Discussion
Discussion opened to the audience under the chairmanship of Alison Magrath, Senior Consultant, Al Tamimi & Co |
|
| 17:30 | courtesy of
Coffee break, Sandwiches & Networking opportunity |
| 18:15 | Session 3 Al Tamimi & Co. presentation Allison Magrath , Senior Consultant, Supervision, Al Tamimi & Co |
Speakers
Richard EllisAdvisor, Banking Supervision
Central Bank of Bahrain
Richard Ellis is the Advisor, Banking Supervision at the Central Bank of Bahrain.
Mr. Ellis has worked for a total of four central banks, including the Central Bank of Kuwait, the Central Bank of the Bahamas and the Bank of England. During this time he has worked in banking supervision, primarily on the drafting and implementation of regulatory policy and more latterly anti-money laundering measures, complemented by work in on and off-site supervision.
He has also worked in the private sector in the regulatory practice of PricewaterhouseCoopers, and in the retail and corporate divisions of HSBC.
Mr. Ellis is a member of the CBB's Basel 2 Implementation Task Force, and the team that is producing the CBB's new Investment Business Rulebook. He also oversaw the compilation of the Conventional and Islamic Banks Prudential Rulebooks at the CBB in 2004 and 2005 which included the CBB's enhanced requirements for corporate governance of banks.
Felix KwanSenior Director, Supervision
QFCRA
Mr Kwan has over 28 years of regulatory and industry experience in both the USA and Hong Kong to add to his qualification of Juris Doctor from the University of San Diego School of Law. He is a Graduate of the Pacific Coast Banking School and a Bachelors of Science in Accounting Degree from the San Diego State University. Mr Kwan has been awarded the Frank Steele Prize for Economics from the Institute of Bankers (UK) and received a Good Citizen Award from Hong Kong for his assistance in combating fraud. He is a Fellow of the Hong Kong Institute of Bankers, a Certified Fraud Examiner (USA) and a Certified Bank Auditor (USA). Additionally, he has further distinguished himself in academia as an educator instructing at three major universities in Hong Kong and one in the United States. An example of Mr Kwan's work can be found in his article published in China and World Economy, "China's Corporate Governance and Reforms" 28-42, Vol.13, No.5, 2005.
Alison MagrathSenior Consultant
Al Tamimi & Co
Alison Magrath is a Senior Consultant (lawyer) in Al Tamimi's banking and finance department. She heads the DIFC Regulatory and DIFX listings teams. She advises a number of local and international banks in relation to the regulatory aspects of the Dubai International Financial Centre and assists with the legal aspects of DIFX listings.
Prior to joining Al Tamimi & Co., Alison was Group Legal Counsel to a banking group in Africa that had banks in six African countries.
Alison co-collaborated and managed the publication of a book published by Al Tamimi & Company in 2006, entitled: Setting up in the Dubai International Financial Centre.
Sponsor
Al Tamimi & Company, Advocates & Legal Consultants
Al Tamimi & Company is the largest independent law firm in the United Arab Emirates. Our international team of high caliber lawyers serves clients across the world. We have offices in Dubai, Dubai Internet City, Abu Dhabi, Sharjah and Baghdad, and an associate office in Doha. We provide corporations and local government with international-standard legal and advisory services specialising in Banking & Finance, Corporate & Commercial law, Intellectual Property & Information Technology, Media and Telecommunications, Litigation, Alternative Dispute Resolution and Arbitration, Maritime Trade & Insurance Law, Construction and Property Law. We assist multinational companies in doing business in Gulf States independently, or with local partners. We subscribe to the belief that the world of opportunity does not recognize national boundaries.
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