Training in Basel II Risk Management Standard

According to the requirements of the National Bank of Georgia, commercial banks are obliged to transform their risk management standards according to Basel II Risk Management requirements by the end of 2014. After interviews with a majority of Georgian commercial banks, PMO identified a significant deficiency in risk management skills and the capacity of banks to perform task independently. As a result, PMO partnered with the Institute for Training and Consulting in Banking (ITCB), a leading Hungarian banking training and consulting center, jointly developed a training curriculum taking into account Georgian legislation and delivered a three day practical training session, which was attended by most of the Georgian commercial banks.