About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Central Bank of Oman Selects FRSGlobal to Implement its Banking Oversight and Research Solutions Project

Subscribe to our newsletter

FRSGlobal today announced that the Central Bank of Oman (CBO) has selected FRSGlobal to implement the new Banking Oversight and Research Solutions (BORS) project, in order to streamline and automate supervision and analysis of authorised financial institutions in the Sultanate.

Hamood Sangour Al Zadjali, executive president of the CBO, stated that: “The 21st century will be a knowledge-dominated century, whereby traditional banking will give way to more electronic banking. While this provides tremendous business opportunities for the banking sector, it also raises new challenges for both banks and regulators.”

Roy Barnes, head of operations for FRSGlobal in the Middle East, stressed that “FRSGlobal will assist the CBO in its BORS project as part of its continued pursuance in achieving the global best practices in banking regulation and supervision in the region. The CBO has a reputation as one of the strongest regulators in the region, a claim echoed by major global financial analyst houses, so we are delighted to be selected after a rigorous process, to support the CBO’s plans for maintaining the Sultanate’s vibrant banking industry.”

The implementation of this project will be completed over 2010-2011, and will result in a full set of country regulatory reports as submitted by banks to the CBO.

Steve Husk, CEO of FRSGlobal, said: “Our proven risk and regulatory experience and extensive knowledge from interaction with global regulatory organisations mean that we are ideal partners to enable central banks to streamline data collection and get a comprehensive view of firms under their supervision. We look forward to working with the CBO and expect to replicate this solution for development of similar systems for more regulators in the Middle East region and beyond.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Taking a holistic approach to buy-side data management

As data volumes and complexity continue to increase, buy-side data management is at an inflection point. Manual processes and data siloes are no longer fit for purpose, and firms need to take a more holistic approach to data management that not only reduces manual intervention and cost, but also increases data access and accuracy for...

BLOG

Strategy and Tools for Tracking Licensed Data Within Financial Services

By Neil Sandle, Head of Product Management, Alveo. Indices are tools used to track how asset classes, industry sectors, market segments, and a host of other physical and virtual sets of data perform over time. Leading examples can be found in the realm of financial services, in particular with stock markets, where the FTSE 100,...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...