Closing ceremony of best practices to meet Basel III requirements

In the presence of Mr. Ali Al-Zaidi, Director General of the North African Bank, and the presence of the assistants and brothers, directors of departments in the bank, the training programs on

– Best scientific practices to meet Basel III requirements
-Transition to apply International Financial Reporting Standard 9 Financial Instruments and AAOIFI 30
-Risk-based asset and liability management
(ALCO Assets and Liabilities Committee)
During 25 training days, the attendees, accompanied by the trainer, Dr. Khalaf Al-Wardat, and real data from the bank, discussed the most important ways and mechanisms through which international standards and Central Bank instructions are applied.
Through global applications, participants were able to prepare the final report on Basel III requirements and Central Bank instructions.
By addressing the axis of transformation to apply Standard 9, financial instruments, and the AAOIFI standard, participants were able to understand and comprehend the standard in its theoretical and practical framework and develop an experimental plan to begin implementing the standards starting in the year 2024. According to the instructions of the Central Bank.
The ALCO Committee team also worked to identify the tasks and duties of the Committee, based on best practices, and the final reports issued by the Basel III Committee were studied.
It was a workshop distinguished by the size of its practical outcomes
Job and daily work
North African Bank
Tripoli, November 9, 2023