Result Based Management Framework - METAC

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VII. SUDAN
A. Banking Supervision
Past Activities
METAC provided extensive capacity building TA to the Central Bank of Sudan (CBOS)
in the form of training to its supervisors. The main topics covered were:
IFRS and conventional bank accounting.
Banking operations and Basel Committee recommendations and principles.
Banks’ risk assessment and management.
Islamic banking operations and supervision.
Risk-focused supervision and offsite supervision, including the supervision of
money-exchange operations.
METAC also assisted the CBOS in developing some regulations, especially on liquidity
measurement and risk management.
In addition, METAC started in 2008 a project to upgrade the credit registry function
through expanding the demographic and financial database on borrowers and installing a
new software. Substantial progress has been achieved till now. A new Credit Information
and Scoring Agency (CIASA) was established in 2012 and assumed the functionalities of
the central bank credit registry. Some deficiencies still remain with respect to the quality
and completeness of data submitted by banks to CIASA.
Objectives
Work Program
The main objective of TA in banking supervision to the CBOS would be to enhance the
regulatory and supervisory framework for Islamic banks to align it with the latest
standards issued by the Islamic Financial Services Board (IFSB) and the best practices on
Islamic banking supervision.
Outcomes
The CBOS has a well functioning credit registry that helps banks make better
credit decisions and that allows the CBOS to better oversee the credit risk in the
financial sector.