IDF holds risk management-governance seminar in Manila

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The Asia-Pacific Institute of Development Finance (IDF), ADFIAP’s professional training and career development center, conducted the International Seminar-Workshop on Improving Risk Management and Financial Disclosure Systems under a Corporate Governance Framework from January 21-25, 2008 in Manila, Philippines. The seminar was attended by 22 participants from ADFIAP member-banks in Bhutan, Pakistan, India, Malaysia, Oman, Palau, Fiji, Samoa and the Philippines.

The 5-day event, supported by the Washington D. C.-based Center for International Private Enterprise (CIPE), focused on strengthening the bank’s core business functions of risk management and proper financial disclosure by reinforcing them with strong corporate governance principles. The program also demonstrated how effective a good corporate governance is in minimizing risks, attracting funds from international investors, and in improving transparency and accountability in a financial institution.

Aside from their in-depth classroom discussions with experts and practitioners from Philippine-based ADFIAP members, the participants also had the opportunity to visit the Asian Development Bank (ADB) and learned about its risk management policies and practices.

The pool of resource persons, led by Dr. Cesar Saldaña, consisted ADB’s Mr. Thomas Bieling and Mr. Jingdong Hua, Sr. Specialist, Credit and Assistant Treasurer, respectively; Ms. Luna David, Sr. Vice President, Financial Delivery Group of the Small Business Guarantee and Finance Corporation; Mr. Rino S. Zerma, Bank Officer II, MSME Finance Specialist Group of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines); Mr. Ananias S. Cornelio III, Vice President, Head of Risk Management Office, Development Bank of the Philippines and Ms. Alegria Obien, Senior Vice President & Head, Credit Supervision & Review Group of Planters Development Bank.

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