MEFMI Trains Banco de Mocambique Officials

MEFMI conducted in-country training on Pillar 2 – Supervisory Review Process (SREP) of the Basel Capital Accord from 4 to 8 September 2023. The training was part of the intermediate bank supervision training programme for the new cohort of bank examiners recruited by the Bank of Mozambique. The training was conducted as a follow-up to the introductory bank supervision workshop held from 27 February to 10 March 2023.

The objective of the training was to enhance the participants’ understanding of the Supervisory Review Process. It covered the Internal Capital Adequacy Assessment Process (ICAAP), Interest Rate Risk in the Banking Book (IRRBB) and Internal Liquidity Adequacy Assessment Process (ILAAP) in addition to an overview of the Basel spatial standards.

A total of 19 bank examiners participated in the training. This included seven females and 12 males. The training enhanced the examiners’ capacity to effectively supervise the banking sector in Mozambique. In line with the phased training programme for the new examiners, MEFMI will continue to support the bank with training on advanced topics in Bank supervision going forward. Ultimately, this will contribute to financial stability.

The workshop was facilitated by MEFMI Fellows and staff of the World Bank on gratis.

By Noel Mahombera