BANKS SET UP BANK RISK MANAGERS ASSOCIATION

Jakarta, Aug 29 (ANTARA)-- The banks in Indonesia has set up a Bankers Association for Risk Management (BARa) to bolster human resources in the banking industry in banking risk management.

"There are several key factors for a successful bank risk management in Indonesia, including availability of skilled and quality human resources closely working together in risk management through communications," the BARa chief executive said in Jakarta on Friday.
He said bank risk management in Indonesia is itself a challenge, and needed in bolstering the banking industry, which is based on the regulations to strengthen the resilience of the banking industry by the implementation of Basel II.
He said the association's first priority is drawing up a banking risk management certification system in cooperation with the Banking Profession Certification Institute (LSPP).
General Chairman of the Indonesian Bankers Association Agus Marto Wardojo said that the increasingly complex banking industrial growth needs reliable risk management human resources.
The special association for banking risk managers, will serve as a means to improve the skills of bankers in risk management.
Chairman of the Association of National Commercial Banks (Perbanas) Sigit Pramono said prudence in the banking business is a must.
"The banking business is a business of trust, so that reliable bank risk management will cause the banking business to grow soundly," he said.
In the meantime, structurally the organization of BARa will become part of the Indonesian Bankers Association (IBI).