On May 15th, 2014, the School of Economics, Finance and Banking (SEFB) and the CIMB Group jointly organised the Banking and Risk Management Seminar Series 2014. This was the second time in its series, the seminar was held, which was initiated by the Banking and Risk Management Department last year. This year's theme was "Banking Regulations and Operations".
About 250 participants comprising mostly the final year students from the Bachelor of Banking (Hons) and Bachelor of Risk Management and Insurance (Hons) programmes attended the seminar. It was officiated by the Dean of SEFB, Prof. Dr. Yusnidah Ibrahim. In her opening speech, Prof. Yusnidah thanked the CIMB Group for their willingness to collaborate once again with SEFB in organising the seminar. She also extended her heartfelt gratitude to the CIMB Group's top management on their decision to retain the CIMB Chair in UUM. She reiterated that SEFB, where the Chair is held, will ensure that all activities planned will benefit both UUM and the CIMB Group. On this year's theme, she felt it was aptly necessary as the banking and insurance industries are going through a transformation in view of the more competitive global financial markets. Hence, according to her, talks by the practitioners on the newly introduced regulations such as Financial Services Act 2013 (FSA) and Islamic Financial Services Act 2013 (IFSA) will benefit the students as well as the lecturers in both undergraduate programmes.
The seminar's programme was filled with talks by four experts from the CIMB Group on topics related to this year's theme. In the morning session, Mr. Philip Leong (Director, Group Legal, Investment Banking and Capital Markets, CIMB Investment Bank) and Mr. Najib Amir Husain (Assistant Vice President, Group Legal, Investment Banking and Capital Markets, CIMB Investment Bank Berhad), gave their perspectives on the FSA and the IFSA, respectively. The talks had shed some light on certain issues in both the new acts that were recently introduced to replace, among others, the Banking and Financial Institutions Act 1989 (BAFIA) and the Islamic Banking Act 1983.
The afternoon session was also similarly invigorating. Madam Eliza Abdul Aziz (Vice President, Commercial Banking, Business Development, CIMB Bank Berhad) delivered a talk entitled "Commercial Banking Operations" and was followed by Mr. Ezarul Suhaimi (Assistant Manager, Graduate Recruitment, Group Human Resource, CIMB Investment Bank Berhad) who talked on "Career Opportunities in Banking".
The seminar had certainly benefited both the students and lecturers as it was rarely that practitioners in the banking industry shared their knowledge and experiences.