China Development Bank organizes training for CLMV Central Bank officials
The China Development Bank (CDB) conducted a Seminar on Financial Supervision and Bank Risk Management on 17-18 October 2013 in Beijing, China. The seminar featured a keynote presentation by Andrew Sheng, former chairman of the Hong Kong Securities and Futures Commission.
The seminar was developed with the intention of contributing to the Initiative for ASEAN Integration (IAI), an initiative that aims to provide additional support ASEAN’s newer member states, Cambodia, Lao PDR, Myanmar and Viet Nam (CLMV) in ASEAN’s regional integration. The activity is particularly supportive of the IAI Work Plan’s prescribed action of enhancing capacity building for Central Bank officials of CLMV in monitoring and supervision to encourage freer flow of capital.
At the seminar, Chinese regulators, CLMV central banks, and China-ASEAN Inter-Bank Association (CAIBA) member banks joined in an active exchange of current best practices and experience in regulatory policy and bank risk management. Participants commended the seminar as a valuable opportunity to develop professional skills and build business capacity.
The seminar was held in conjunction with the 3rd CAIBA Executive Board Meeting and the Seminar on China-ASEAN Connectivity. Chairman Hu Huaibang of the CDB, CAIBA's current presiding bank, delivered remarks before passing the chairmanship of CAIBA to the Bank Islam Brunei Darussalam Berhad (BIBD) for a two-year term.
The Executive Board Meeting serves as a platform for member banks to exchange views on current economic and financial trends in the China-ASEAN region, and put forth constructive proposals for deepening substantive cooperation within the CAIBA framework. Member banks jointly issued the Proposal to establish a Training and Experience sharing Scheme under the Framework of the China-ASEAN Inter-Bank Association (the Training Scheme), under which the Seminar for CLMV was conducted as its inaugural programme.