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Managing Cyptocurrency Risk

Kenya Institute of Bankers

Institution Details:

Nairobi, Kenya

Course Category:

Economics & Finance

Corporate

Next Start Date: 16/08/2018

End Date: 17/08/2018

Application Closing Date: 16/08/2018

Course Description

A Citibank Study published in the first week of January 2018 reported that Kenyans have accumulated holdings of Bitcoin (one Cryptocurrency) estimated at Kes. 163.3 Billion (2.3% of country’s GDP). It went ahead to list Kenya as the 5th country in terms of Bitcoin holdings as a percentage of GDP in the world after Russia, New Zealand, Nigeria, and Ukraine.
The Central Bank of Kenya (CBK) has not out rightly recognized Bitcoin and other crypto currencies as legal tender. However, the Central Bank of Kenya (CBK) is working with Kenya’s Blockchain & Artificial Intelligence Taskforce after guidance to the treasury from parliament to look into digital currencies and propose a way forward. The task force has proposed a digital asset registry and a digital currency for the country citing that they can create trust. But has the banking industry responded by critically analyzing the risks involved with the trading of these currencies or settlements involving these currencies? Are there any direct risks to banks that allow transactions involving Cryptocurrency trading or settlement on their platforms? What strategic measures can banks take to cushion themselves from probable adverse effects of Cryptocurrency downturns? Does your organization have a comprehensive policy on the handling of Cryptocurrency transactions? Does your organization need a better understanding of how crypto currencies work and what it can do to adequately underwrite any possible risks?

Who Should Attend
1. Treasury Officers/Managers
2. Trade Finance Officers/Managers
3. Credit Officers/Managers
4. Risk Officers/Managers
5. Compliance Officers/Managers
6. Legal Department Officers/Managers
7. Internal Audit Officers/Managers
8. Operations Officers/Managers
9. Branch Managers
10. Relationship Officers/Managers
11. All Department Heads

What You Will Learn
1. Preparing for the change in global payments medium and services
2. A look at the operations of major Cryptocurrency globally: Bitcoin, Ethereum, etc
3. Digital transformation of financial services
4. Blockchain technology and Cryptocurrency
5. Learn more about Cryptocurrency and global trends
6. Cryptocurrency ecosystem and technologies
7. Anonymity of Cryptocurrency and bank secrecy laws
8. Cryptocurrency in criminal activity and money laundering
9. Risks involved with Cryptocurrency
10. Designing appropriate policy and operational guidelines on Cryptocurrency

Duration and Dates
Course Duration: Two days
Scheduled Dates: Thursday 16th – Friday 17th August, 2018
Venue: Safari Park Hotel

Fees
KIB Registered/Paid Member: Kes. 20,000 + VAT
KIB Non-Member: Kes. 25,000 + VAT

For Reservation Contact: Dishon Kirima on 0720616461 or email dishon@kib.co.ke

  • Course Sub-Category Managing Cyptocurrency Risk
  • Course Level Tertiary
  • Qualification Awarded Certificate
  • Awarding Body KIB
  • CostKSh. 25,000 + VAT Training Fee for KIB Non-Member
  • Length Of Course 2 Days
  • Class Size
  • Course Location/BranchSafari Park Hotel

Course Requirements

1. Treasury Officers/Managers
2. Trade Finance Officers/Managers
3. Credit Officers/Managers
4. Risk Officers/Managers
5. Compliance Officers/Managers
6. Legal Department Officers/Managers
7. Internal Audit Officers/Managers
8. Operations Officers/Managers
9. Branch Managers
10. Relationship Officers/Managers
11. All Department Heads

Course Advertisement Details

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  • Featured Course – Start Date
  • Email address to receive queries training@kib.co.ke

Institution Details

The Kenya Institute Of Bankers (KIB) is the world’s leading institute for business continuity. Established in 1979, the KIB has established itself as the leading membership and certifying organization for Business Continuity professionals worldwide.

Our Mission
To champion best practice in the delivery of financial services education, to promote professionalism, self-regulation and acceptable standards in the Financial Services Sector, through innovative learning, codes of conduct, quality skills and competencies.

Vision
To become the leading professional body in the promotion and delivery of quality financial services education and training.

Core Values
Students deserve dependable, accurate, timely, respectful and honest responses. Advisors' responsibilities to their many constituents form the foundation upon which our Core Values rest.
1. Integrity
2. Transparency
3. Accountability

Core Areas
The Overall Responsibility of the Institute is to;
1. Produce relevantly–educated and trained career staff for the financial sector.
2. Cater for students with a wide range of abilities and backgrounds.
3. Provide Professional Qualifications and Skills Upgrading Training
4. Programmes which enjoy wide recognition and acceptance throughout the Financial Services Sector.
5. Retain and sustain continued support by Employers – Banks/Financial Institutions.
6. Be perceived by all staff/students/members to be fair and worthwhile.
7. Allow ambitious, high quality staff to acquire high qualifications.
8. Provide broad based, educational programmes for those preparing for management in the industry.

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