The Bank for International Settlements (BIS) today announced the launch of FSI Connect, an online information and learning resource developed by the Financial Stability Institute (FSI) specifically for banking supervisors.
FSI Connect offers web-based courses on key risk management topics, such as credit, market and operational risk, and capital adequacy. There are numerous courses related to the recently agreed new capital adequacy framework (Basel II). FSI Connect is designed for supervisors at all levels of experience and expertise and can be accessed 24 hours a day, 365 days a year.
The BIS’s Financial Stability Institute assists financial sector supervisors worldwide with the implementation of sound standards and practices, primarily through meetings, seminars and conferences covering a wide range of supervisory topics. Last year, the FSI organised more than 50 events, attracting over 1,700 participants.
FSI Connect’s course content has been developed by subject matter experts at the FSI, who have worked closely with other specialists from the BIS and with a network of experts in financial supervisory authorities and international organisations. Courses on a full range of other banking supervisory topics will be added on a continuous basis over the next two years.
In developing FSI Connect, the FSI has joined forces with Intuition, one of the leading firms in the area of online learning in the financial sector.
Malcolm Knight, BIS General Manager, speaking yesterday at the Bank’s Annual General Meeting in Basel, said that FSI Connect "will be a strong complement to the FSI’s existing activities and will enable the FSI to reach out to a much wider audience globally. I believe this project demonstrates the BIS’s ongoing commitment to supporting financial stability in individual jurisdictions and worldwide".
A presentation on FSI Connect was provided to officials attending the BIS’s Annual General Meeting.