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West African Bankers Association

Association des Banques d'Afrique de l'Ouest

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WABA Training Schedule 2017
 1. Report Writing and Presentation Skills
 2. Management Programme for Secretaries
 3. Management Programme for Personal and Special Assistants
 4. Human Resource Management
 5. Credit Facility Structuring, Documentation and Perfection of Securities
 6. Risk Management
 7. Fraud Prevention
 8. Documentation and Administration of Securities for lending
   
 

COLLABORATION BETWEEN WABA AND ECOWAS COMMISSION

 

As one of ECOWAS Private Sector groups, WABA has been collaborating with ECOWAS to work towards the common goal of financial integration of the sub-region.

 

The following projects are currently being developed by ECOWAS in collaboration with WABA

 

(i).Cross-border interbank payments System:

  This will connect the existing national switches and banks to a regional switch to facilitate payment across borders.

 

  The benefits to be derived from this system are as follows:

Promotion of optimal utilization of local currencies of member countries to develop trade.

 

Addressing the existing inadequacies in the sub-regional trade by providing efficient payment and settlement systems.

 

All Banks within West Africa are able to interconnect and transfer instructions which are consummated irrevocably.

 

Informal channels of moving money by businessmen will be substantially reduced.

Cost is expected to be lower than under the present tripartite arrangement of going through Europe or the United States for effecting payments amongst countries in West Africa.

 

Proper documentation of Intra-ECOWAS trade volume which allows for accurate data needed for planning by government agencies, financial institutions and the business community.

 

(ii).Regional Credit Risk Database.

This project is the development of a credit risk database for banks within the sub region. It involves building new databases and/ or interconnecting existing ones within the sub-region. This project is ongoing and ECOWAS Commission is in the process of sourcing a Resource Person to implement the Credit Risk database.

Benefits of the Credit Risk database when in place are as follows:

 

*Providing banks necessary information to assess the credit worthiness of their clients.

 

 *Boosting the confidence of banks to engage in cross border lending and therefore deepening the financial integration of the sub-region.

 

*Improving efficiency of the markets in allocating scarce resources for optimal use.

 

*Encouraging trade Finance by banks which is a necessary activity to boost intra-regional trade

 

*Bringing about enhanced trade and therefore economic development of the sub-region.

 

*Addressing the problem of increasing informal trade in the region and availing the Region with enhanced trade statistics

 

*Inculcating good borrowing culture in the sub-region as recalcitrant borrowers would no longer have a hiding place.

 

*Bringing about the centralization of credit risk data for all Banks within the sub-region.

 

*Enhancing access to finance.

      (III).Quoting and Trading in the National currencies of ECOWAS.

            In its capacity as a member of the technical committee on the implementation of the roadmap activities of the ECOWAS Single currency, WABA was assigned the task of coordinating and bringing to fruition, the quoting and trading in the national currencies of ECOWAS. WABA with the contribution of the other committee members and stakeholders has developed a TOR for a consultant to conduct a study on its implementation.

 

The benefits of this project are as follows:

Quoting and trading in the national currencies of ECOWAS countries as far as intra-regional trade is concerned will facilitate settlement for trade, save cost, time and reduce the pressure on the foreign reserves of member countries.

 

 Facilitate payment for intra-regional trade and reduce the cost of trade in ECOWAS.

 

 Facilitate efficient allocation of investment capital in the Regional financial markets through online real time value delivery to frontiers that offer better return.

 

Improve the liquidity and resilience of the financial markets through more effective resource mobilization across the Region.

 

Facilitate trade-ability of member states’ currencies and derive quotation for the currencies

 

Conserve foreign exchange for the region

Address the problem of increasing informal trade in the region and avail the Region with enhanced trade statistics Motivate Banking culture and reduce movement of cash in the Region.

 

Achieve exchange rate alignment and stability of the national currencies of the region.

 

Give way to harmonized exchange control and payment regulation in ECOWAS

(IV) WABA is member of the Technical committee on the Implementation of the Road Map activities of the ECOWAS Single Currency.

 

(IV) Joint Conferences with ECOWAS

-WABA has collaborated with the ECOWAS Commission in organizing  several conferences on financial market integration within the ECOWAS Common Investment Market.

 

-WABA has collaborated with ECOWAS and IPAWAS in organizing the several ECOWAS Investment Fora

 

NEW DIRECTIONS FOR WABA

 

The Association has come up with new initiatives that will fulfill the aspirations of members, the group confidence among members as well as the promotion of regional integration:

 

1. The West African Banking Institute

The decision to establish the West African Banking Institute was approved by the Executive Council of the West African Bankers’ Association at its 55th ordinary meeting of the Executive Council held in Abidjan Cote d’Ivoire on 15th October 2009 and ratified by the 29th Plenary session of the General Assembly of WABA in Accra, Ghana on 8th December 2009.This is in line with Article 6 of the objectives of the West African Bankers’ Association to establish a bilingual Banking Institute.

 

The cross border interbank payments system project includes capacity building on a regular basis of payments systems operators and it is incorporated in the action plan for implementing the project.

 

The West African Banking Institute which will undertake the capacity building of payments systems operators has been established as a separate entity with a different identity so that its activities do not overwhelm WABA or becloud its primary objectives.

 

The West African Banking Institute will also solve some capacity building problems. The increasing number of Banks in the sub-region is going on without commensurate increase in manpower development and capacity building thus creating a manpower gap that if not adequately addressed is capable of derailing the financial integration process as banks would not be capable of delivering on assigned tasks.

 

Furthermore, improvement of trade is supposed to benefit from the process of integration. Without enhanced trade, the gains of integration would not have been achieved. Intra-regional trade in West Africa is currently weak because so many banks are not involved in trade finance because they lack the complement of technical skills to undertake credit appraisals on trade finance. There is currently a paucity of skilled manpower in this area. The functioning of the West African Banking Institute will provide the requisite capacity building in the requisite skills that are currently in short supply.

 

The West African Banking Institute is currently being run as a virtual institute and operates from the Secretariat of the West African Bankers’ Association in Freetown, Sierra Leone. It cannot continue to operate under the shadows of the Association which currently lacks the sizeable manpower to fully handle its own affairs let alone the addition of those of the Institute and operate to its full potential.

 

Objectives of the Institute

 

1. Provision of capacity building in the financial sector to stem the tide of dearth of qualified manpower in the banking sector that if not properly addressed is capable of derailing the financial integration of the sub-region.

 

2. Provision of banking education to staff of banks and certify their proficiency in banking.

 

 3. Offering short term, continuous and modular form of training over a period of time and certify bank staff in core competencies

 

  QUICK LINKS & RESOURCES
 

WABA LEADERSHIP

WABA's executive secretariat is under the strategic leadership of the CEO ...read more


BOARD OF DIRECTORS

Board members provide leadership for WABA and its overall operation ....read more


   
 

ANNUAL MEETINGS

WABA's Annual General Meeting creates platform for members to converge ...read more

TRAINING COURSES

Greater attention is being given to training on short courses. Register ...read more


   

4. To conduct due diligence on Financial Institutions and Sovereign States and issue guiding reports.

 

5. To issue reports on contemporary issues that may be of relevance to Financial Institutions within the West African sub-region.

 

6. To source and provide quality manpower needs of financial institutions.

 

7. To run Management Development Programmes for Banks and other financial Institutions.

 

8. To seek the affiliation of a renowned Institution and run courses that award degrees and diplomas in banking and allied courses.

 

9. To maintain a register of all financial institutions in West Africa in order to evaluate their capacity building needs.

 

10. To maintain an affiliation with the ECOWAS Commission in the area of capacity building for Financial Institutions in the sub-region.

 

11.To serve as the liaison between the proposed West African Central Bank and Financial Institutions in the sub-region on the education and training on the implementation of regulations, procedures and policies.

 

Specific Reference Trainings

The West African Banking Institute will specifically concentrate on the following trainings in order to bridge the existing manpower gap before moving to other areas:

 

a. Courses that are evolving and that need continuous education in the following areas for example:

 

-Trade Finance.

- Credits and Micro credits

- Corporate and Projects Finance

- International Trade and Forex Operations

 

b. Courses that are long span and are amenable to modular form of delivery in the following areas for example:

Risk Management and Governance

Treasury Management

Payments and settlement System

Quoting and trading in ECOWAS national currencies.

 

2. Coordinating and monitoring compliance of Governance standards by member banks.

WABA’S focus is therefore to take up the responsibilities of self-regulating member banks in several areas including corporate Governance compliance through the training and use of Corporate Governance Compliance officers. Trade associations are typically involved in monitoring developments in their corresponding market and play a role in the dissemination of information. They may go further to develop, perhaps (a) Codes of conduct, like the code of conduct for trading of emerging market instruments (b) common documentation, like the master agreements formulated by International Swaps and derivatives association or (c) dispute resolution, like the Paris based International Chamber of Commerce.

 

Development of the code of conduct and mechanism for dispute resolution is part of the action plan for the cross border interbank payments and settlement system project.

 

3. To develop database of all management staff of banks and provide a forum for West African Bank Executives.

 

This is in progress and has culminated in the 1st West African Executive Bankers’ forum held on 29-30 November 2011 in Lome, Togo. As this is to hold every three years, the 2ndWest African Executive Bankers’ forum was planned to hold later last year but postponedon account of the widespread epidemic that affected some member countries.

 

This forum is designed to bring together Managing Directors of Banks and the Governors of the Central Banks of the sub-region and provide the opportunity for dialogue, bonding and cooperation with the regulators and with banks themselves to forge correspondent banking relationships and syndication opportunities.

 

4. To transform the WABA website into a library on major developments in regional banking and finance sector. This also entails the publication of a West African Bank Directory which would serve as a handy library of information of all Banks in the West African sub-region.

 

5. Publish on topical issues as well as interviews of Captains of industry in the sector on the secret of their good management skills. We have started the publication of the West African Banker which is an annual publicatio erest to Banks. It will also publish interviews of Industry Captains who have demonstrated a lot of leadership abilities in building their institutions as a way of revealing the secret behind their success. n of the West African Bankers’ Association on topical and contemporary issues of interest.

 

 

About WABA


     
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Our Mission and Objectives

 

What We Do at WABA
Our Leadership and Governance

 

     

The West African Bankers Association's mission is "to develop, promote, generate, coordinate and drive cross border banking and financial transactions that will enhance regional trade, economic and financial integration and development." ...read more

WABA creates avenues for the revision and exchange of information on banking practices in the sub-region in particular and in Africa in general, and a forum for the discussion of common problems. The enhancement of the promotion and strengthening of ...read more

WABA comprises 3 organs namely; The Secretariat, The Executive Council and the General Assembly, including the Executive Management, and the Board of Directors. The Secretariat is run by the Secretary General who is the Chief Executive Officer. ...read more

 
 
 
 
 
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