PwC backs banking reforms; says banks will overcome stresses

Banks may be going through a lot of stress currently as the central bank tries to sanitise the industry, but Country Senior Partner at PricewaterhouseCoopers (PwC), Vish Ashiagbor, believes all parties stand to benefit at the end of the day.
Not only do banks have to meet the central bank’s GH¢400million minimum capital requirement, they also have to adjust to the Basel II and III framework which aims at prudent capital regulation, supervision and market discipline.
Speaking to the media after a PwC seminar to share insights on Basel from other territories in Africa, Vish Ashiagbor said: “There certainly will be a level of stress, but it is a balance. The idea is to manage the risks better, so some of the risks – whether external or otherwise – the idea is to show the banks how to manage these risks better.
“If you look at the history of our banking industry, you see some of the banks often waver whenever there is an external factor that hits us – all of this is designed to strengthen the banks. Yes, there will be some stress because you have to make adjustments to what you are used to. But the ultimate goal is to have a stronger industry, which benefits all of us.”
Mr Ashiagbor said, like all processes, there is a need to start from somewhere and build from there.
“I don’t think we are 100 percent ready, but we should start and refine it as we go along. Obviously, the regulator will be encouraged to improve as the returns come in. As they do their supervisory checks, they will see where there are some gaps and encourage the banks to fix those as quickly as possible,” he said.
Customers and clients, he said, should be interested in the development because it speaks to the strength and capacity of banks that they are dealing with.
“As a depositor or client, you’re interested in the bank’s capacity to provide services to you on a long-term basis; and some of these initiatives are designed to strengthen the banks,” he said.
Capital requirement directive
The symposium, which was facilitated by Mr Irwin Lim-Ah Tock-Banking and Capital Markets Regulatory Practice Leader PwC South Africa, also aimed to explore components of regulatory change on banks and consider from a strategic viewpoint subject such as Internal Capital Adequacy Assessments.
The Bank of Ghana’s Capital Requirement Directive (CRD), the primary rule-book for Basel II & III, became effective from January 1, 2018.
The Basel Accord is a set of banking regulations put forth by the Basel Committee on bank supervision, which regulates finance and banking internationally.
Basel II attempts to integrate Basel capital standards with national regulations, by setting the minimum capital requirements of financial institutions with the goal of ensuring capital adequacy of banks.
Basel II introduces operational risk considering that many failures and difficulties experienced by banks in history were not only attributable to credit and market risks but largely to operational risk.
Source: Myjoyonline
00093 7304 Mirtazapine Teva Pharmaceuticals USA, Inc cialis generic cost MCF 7 cells are functionally deficient of caspase 3 26 and thus, effector caspase 7 mediates apoptosis of these cells 27
free sites of dating: free american dating site for christian – online dating meet
prednisone 20 mg tablet price: https://prednisone1st.store/# prednisone sale
amoxicillin 500 purchase amoxicillin 500 mg – amoxicillin 500 mg without prescription
ed medications best ed pills non prescription over the counter erectile dysfunction pills
What side effects can this medication cause?
how to get amoxicillin amoxicillin cost australia – where to buy amoxicillin
Read information now.
https://cheapestedpills.com/# compare ed drugs
price for amoxicillin 875 mg where to buy amoxicillin over the counter – rexall pharmacy amoxicillin 500mg
erection pills that work: best treatment for ed – gnc ed pills
can i get mobic without prescription: cost of generic mobic no prescription – can i purchase generic mobic prices
cost of generic propecia without insurance buying cheap propecia without insurance
male erection pills: non prescription erection pills – erectile dysfunction drug
erectile dysfunction drugs best medication for ed pills erectile dysfunction
where can i get amoxicillin 500 mg price of amoxicillin without insurance – where to buy amoxicillin 500mg
buy cheap mobic without rx: where to get cheap mobic without rx – where can i buy mobic
ampicillin amoxicillin: buy amoxicillin 500mg capsules uk can we buy amoxcillin 500mg on ebay without prescription
https://indiamedicine.world/# indian pharmacy online
canada rx pharmacy: vipps approved canadian online pharmacy – canadian pharmacy world
https://certifiedcanadapharm.store/# canadian pharmacies
my canadian pharmacy rx: canadadrugpharmacy com – best canadian online pharmacy reviews
https://certifiedcanadapharm.store/# buy prescription drugs from canada cheap
mexican border pharmacies shipping to usa: mexican online pharmacies prescription drugs – mexico drug stores pharmacies
https://indiamedicine.world/# Online medicine home delivery
indianpharmacy com: п»їlegitimate online pharmacies india – world pharmacy india
https://mexpharmacy.sbs/# buying from online mexican pharmacy
canadian pharmacy ed medications: canada ed drugs – is canadian pharmacy legit
http://indiamedicine.world/# india online pharmacy
buy medicines online in india: world pharmacy india – mail order pharmacy india
https://stromectolonline.pro/# ivermectin 12 mg
ivermectin 12: ivermectin buy nz – ivermectin where to buy for humans
http://stromectolonline.pro/# ivermectin cream cost
zithromax prescription in canada: zithromax 500mg price in india – zithromax cost
ivermectin usa price: buy liquid ivermectin – buy ivermectin
https://paxlovid.top/# paxlovid price
Over the counter antibiotics for infection: buy antibiotics – buy antibiotics
https://antibiotic.guru/# buy antibiotics
https://misoprostol.guru/# cytotec pills buy online
https://misoprostol.guru/# cytotec buy online usa
http://misoprostol.guru/# Misoprostol 200 mg buy online
https://misoprostol.guru/# buy cytotec
http://lisinopril.pro/# lisinopril 40 mg generic
http://mexicanpharmacy.guru/# mexico drug stores pharmacies
mexico drug stores pharmacies п»їbest mexican online pharmacies mexico drug stores pharmacies
https://indiapharmacy.cheap/# п»їlegitimate online pharmacies india
canadian pharmacy world reviews: canada drugs direct – canadian drug pharmacy
mexico drug stores pharmacies: mexican pharmaceuticals online – mexican online pharmacies prescription drugs
buy prescription drugs from india: indianpharmacy com – indian pharmacy paypal
https://onlineapotheke.tech/# online apotheke deutschland
http://edpharmacie.pro/# Pharmacie en ligne pas cher
acheter sildenafil 100mg sans ordonnance
https://edapotheke.store/# versandapotheke deutschland
Online medicine order: mail order pharmacy india – indian pharmacy