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Introduction and Functions of Central Banks


The aim of the program is to provide a comprehensive overview of the Financial Sector and Banking in general, and roles and functions of Central Banks, in particular. It is targeted to recently hired employees lacking prior exposure and knowledge of the financial services industry. The program further gives a deep understanding of the Monetary System as well as the main objectives and critical tasks and functions of Central Banks and the respective Corporate Governance Guidelines, AML/CFT Regulation and other supervision instructions and directives addressed to banks and financial institutions. The course also highlights the various types and nature of financial institutions and banks licensed and regulated by the Central Bank.


Content Highlights

• Legal framework for regulation of banks
• The Central Banks – definition and roles
• Bank Regulators / Central Banks
• Registered Banks and other Financial Institutions
• The Monetary and Exchange Rate Policy
• Clearing-House, Payment Systems and Money in circulation Affairs
• Currency and Payment System
• The Central Banks’ Instructions of Supervision and Control
• Banks' Relation and Correspondence with the Central Bank
• Corporate Governance Guidelines for Banks and Financial Institutions
• Board of Directors’ Qualifications and Responsibilities
• Conflict of Interest
• Executive Management Functions and Duties
• Transparency and Disclosure
• The Central Banks’ Regulation on Anti-Money Laundering (AML) & Combating Financing of  Terrorism (CFT)and Key AML/CFT Principles and general responsibilities


Upon completion of this course, the participants will be able to understand:

• The evolution of the Monetary System
• The central banking operations, roles and responsibilities in the nation’s economy
• Development and control of the banking system
• The concept and overview of banking operations
• Regulatory Fines and Financial Penalties
• Central Banks’ Corporate Governance Guidelines
• AML/CFT Regulations  and Directives

Course Facts

5 days; 30 hours



“In our efforts at constantly upgrading the skills of our staff and
providing them with relevant learning and developmental
opportunities, we have on several occasions partnered with
SKILLS whose training courses/workshops have been highly
informative, challenging and very effective. They have offered
us custom made courses which have always been of great
value and have been greatly appreciated by the participants.“

Ravi Mohanty, Manager
Training & Development
Kingdom of Bahrain


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