Economic Reporter :
Bangladesh Leasing and Finance Companies Association (BLFCA) Chairman, Mafizuddin Sarker has said powerful forces are reshaping banks and financial institutions globally driven by technology transformation and new risks and threats are looming largely from different angles. So, every employee of banks and FIs should consider him or herself a risk manager with a shared understanding of the organizational risk appetite underpinned by a clear governance structure for managing risk, said a press release.
He was distributing certificates among the participants of a two-day training course on titled “Credit, Documentation and Collection for Mid Level Managers” at the DCCI auditorium in the city recently.
BLFCA chairman said financial fraud globally is big business, contributing to an estimated 20 billion USD in direct losses annually while cybercriminals have developed advanced techniques to cause theft of finances. So, global banks and regulators together have started a battle against cyber threats and money thefts.
Mafizuddin Sarker. who is also the Managing Director of BD Finance Ltd said In Bangladesh, the central bank has also introduced a global standard risk management guidelines for both banks and NBFIs which would help the institutions to remain safe from any risks and avoid any untoward incidents.
Organized by the BLFCA, the single apex body of all non bank financial institutions of Bangladesh. A total of 64 mid level executives from the member organizations took part in the programme.
Md Khalilur Rahman, Vice Chairman of BLFCA and Managing Director of National Housing Finance and Investments Limited, Arif Khan, CEO and Managing Director of IDLC Finance limited, Santanu Saha, Managing Director of Fareast Finance and Investment Limited and Md Alauddin Al-Azad, Managing Director, Hajj Finance Co Ltd, among others were present in the function.
Bangladesh Leasing and Finance Companies Association (BLFCA) Chairman, Mafizuddin Sarker has said powerful forces are reshaping banks and financial institutions globally driven by technology transformation and new risks and threats are looming largely from different angles. So, every employee of banks and FIs should consider him or herself a risk manager with a shared understanding of the organizational risk appetite underpinned by a clear governance structure for managing risk, said a press release.
He was distributing certificates among the participants of a two-day training course on titled “Credit, Documentation and Collection for Mid Level Managers” at the DCCI auditorium in the city recently.
BLFCA chairman said financial fraud globally is big business, contributing to an estimated 20 billion USD in direct losses annually while cybercriminals have developed advanced techniques to cause theft of finances. So, global banks and regulators together have started a battle against cyber threats and money thefts.
Mafizuddin Sarker. who is also the Managing Director of BD Finance Ltd said In Bangladesh, the central bank has also introduced a global standard risk management guidelines for both banks and NBFIs which would help the institutions to remain safe from any risks and avoid any untoward incidents.
Organized by the BLFCA, the single apex body of all non bank financial institutions of Bangladesh. A total of 64 mid level executives from the member organizations took part in the programme.
Md Khalilur Rahman, Vice Chairman of BLFCA and Managing Director of National Housing Finance and Investments Limited, Arif Khan, CEO and Managing Director of IDLC Finance limited, Santanu Saha, Managing Director of Fareast Finance and Investment Limited and Md Alauddin Al-Azad, Managing Director, Hajj Finance Co Ltd, among others were present in the function.
