Result Based Management Framework - METAC

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The CBS has a well functioning credit registry that provides relevant and accurate
credit information and well structured reports, contributing positively to the
soundness and safety of the Syrian banking sector.
Outputs
The main outputs of the TA to enhance the supervisory process at the CBS would be as
follows:
Revise the onsite inspection process and develop a new risk-based onsite
inspection manual.
Establish an enforcement framework or manual for dealing with weak and
distressed banks and train supervisors on implementing the manual.
Review and develop the offsite prudential reports produced in the BSD at CBS,
and assist the CBS in preparing a financial stability report.
Train the supervisors on how to apply the new onsite and offsite tools and
techniques.
METAC has previously offered extensive help to the CBS to develop new and revise
existing regulations and will continue to provide assistance to improve the CBS
regulatory framework, in particular:
Assistance in implementing regulations that were drafted with the help of
METAC.
Revising the regulations setting controls and limits on related party transactions.
Revising the existing policies and procedures governing the conduct of external
audit assignments at banks.
Establishing a regulatory framework for consolidated supervision at the CBS.
Reviewing the regulations pertaining to related party transactions and establishing
adequate controls and limits on such transactions.
METAC started assisting the CBS with establishing an action plan for Basel II
implementation and to implement the action plan. This TA will produce the following
outputs:
Draft regulations and templates for the implementation of pillars 1 and 3 of Basel
II.