Economy News – Baghdad
The Iraqi Private Banks Association on Sunday held a “stress tests” session for a number of employees of private and government banks in order to increase the efficiency of employees and teach them the methods of stress tests and their types and how to apply them in banking.
The course was attended by 51 trainees working in private and government banks for five days at the headquarters of the Association in Baghdad, under the training of Jordanian professor Osama al-Fandi, who holds a doctorate in business economics.
The aim of the course is to provide participants with the necessary knowledge on the nature and importance of scenario analysis and stress testing in banks and both types, in addition to providing them with principles, fundamentals, requirements and relationship, and how the macro prudent indicators can affect economic capital.
The training program also adds stress testing methods, types and how to apply them in banking, which will give the trainees a good background with the implementation of the endurance test in the bank profile in credit risk, market and operational risks.
The main objectives of the training are: banking supervision, risk management, credit risk and statistics. The main areas of the training were: pressure tests, pressure and risk tests, pressure tests, and the application of the stress test report.