Course details
Objectives
- To make the banks staff aware of the laws which regulate the banking work, and the related SAMA regulation.
- To develop the banks staff awareness of the bank rights, duties, and obligations from one side and the customer from the other side.
- To avoid for the banks and their staff the risks emerging from not implementing the regulations and instructions of SAMA, which are related to the banking work.
- To provide training for the participants on the procedures of avoiding and dealing with the problems which they face during their daily work through practical implementation.
Contents
- Introduction of banks in KSA, and the role of SAMA in the financial and banking system, and its relation with commercial banks.
- The rules and regulations of bank control and supervision.
- The regulations and instructions of SAMA, which are related to opening and operating accounts.
- The most important regulations and instructions of SAMA, which are related to credit transactions (banking loans, banking credits, credit cards, L/G, documentary credit, ..... etc).
- Bases of implementing the power of attorney in the banking work.
- Restrictions of providing the banks with information, the principle of keeping the secret of the profession, and the rules of the banking accounts secrets, and the exceptions.
- Some practical regulations and practices, which are related to cheques and other commercial papers in the banking work.
Course Location
About Institute of Finance
The Institute was first established by the Saudi Arabian Monetary Agency in 1964 under the name of “ Institute of Banking Training ” At that time, the institute provided only conventional academic education where the trainees, who were banking sector employees, were granted, after successfully passing the courses, a diploma in banking and financial studies. With the acceleration of the development of the banking business and the increasing introduction of advanced technologies in the banking sector, it became essential to change the Institute's goals and strategies to respond to such changes and to cope with the expectations of the leaders of the banking and financial sectors.
In 1989, SAMA established the present institute under the new name of “ The Institute of Banking''.
In 2015, the Institute of Banking has changed its name to the “Institute of Finance” with a new mission.
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