Technical assistance mission log

Participated in a series of virtual IMF missions to prepare a Financial Sector Stability Report (FSSR) for the Sierra Leone financial system. Dr. Cole evaluated the stress-testing regime used by the Bank of Sierra Leone.

Participated in a World Bank mission to assist the Bank of Sierra Leone in developing a financial sector reform strategy. Dr. Cole assisted World Bank staff in preparing diagnostics of the two largest State-owned banks and prepared a set of stress tests for the banking system based upon the most current available data.

Participated in a World Bank mission to assist the Reserve Bank of Zimbabwe in developing a financial sector reform strategy. Dr. Cole was responsible for updating a set of stress tests for assessing the impact of various currency options on the Zimbabwe banking sector and for assisting in the planning for a diagnostic of the banking system.

Participated in a joint IMF-World Bank mission to assist the Reserve Bank of Zimbabwe in developing a financial sector reform strategy. Dr. Cole was responsible for developing a set of stress tests for assessing the impact of various currency options on the Zimbabwe banking sector.

Led a World Bank mission to complete the development of a set of credit and market-risk stress tests for the Reserve Bank of India.

Led a World Bank mission to design and develop a set of credit and market-risk stress tests for the Reserve Bank of India.

Led a World Bank mission to propose the design of a set of credit and market-risk stress tests for the Reserve Bank of India.

Led a World Bank team in the design and development of a set of market-risk stress tests for the Qatari Central Bank.

Led an IMF TA mission to assist the Central Bank of Sierra Leone in the design and development of single-factor sensitivity stress tests for its banking system.

Co-led a CARTAC TA mission to assist the Central Bank of Trinidad & Tobago in the design and development of dynamic stress tests for its banking system.

Co-led a CARTAC mission on the design and development of dynamic stress tests for the banking system.

Co-led a CARTAC mission to assist ECCB staff in the design and development of the ECCB’s first publicly available financial stability report.

Co-led a METAC TA mission to assist CBOS staff in the design and development of simple sensitivity stress tests for commercial banks operating under Islamic Law.

Co-led a CARTAC training workshop for ECCB staff on the design and development of dynamic stress tests.

Co-led a CARTAC TA mission to assist the ECCB with design and development of dynamic stress tests.

Co-led a series of four CARTAC TA missions to assist the ECCB with design and development of dynamic stress tests.

Co-led a CARTAC TA mission to assist the ECCB with design and development of dynamic stress tests.

Helped lead an AfriTAC 2 workshop on implementation of Basel II for the staff of the Central Bank of Ghana.

Led an IMF TA mission to provide training to the staff of the Palestine Monetary Authority on multi-factor and forward-looking stress tests for commercial banks operating in Palestine.

Led a CARTAC TA mission to provide training to the staff of the Central Bank of Belize on multi-factor and forward-looking stress tests for commercial banks operating in Belize.

Led a METAC TA mission to provide training to the staff of the Central Bank of Sudan on stress tests for commercial banks operating under Islamic Law.

Led a METAC TA mission to assess the capacity of the Central Bank of Sudan for conducting stress testing of financial institutions in Sudan, and to provide training on the basics of simple sensitivity stress tests for commercial banks operating under Islamic Law.

Led a METAC TA mission to assist the staff of the Central Bank of Jordan in developing a predictive early warning system for the financial sector, including exposures to sectoral risks, such as excessive lending to the real estate sector.

Led a METAC TA mission to assist staff of the Central Bank of Yemen in drafting a regulation to govern stress testing of financial institutions in Yemen. TA was delivered at METAC HQ in Beirut.

Led a METAC TA mission to assist the staff of the Central Bank of Jordan in developing a predictive early warning system for the financial sector, including exposures to sectoral risks, such as excessive lending to the real estate sector.

Led an Asian Development Bank TA mission to assist the staff of the Ministry of Finance develop a system for macroprudential surveillance, including tools for monitoring the banking sector’s excessive exposure to housing construction.

Helped lead a workshop of macroprudential surveillance sponsored by the Toronto Centre in Lagos that provided training for staffs of several Nigerian regulatory agencies, including the Central Bank of Nigeria, the Nigeria Deposit Insurance Fund and the Ministry of Finance.

Helped lead an International Monetary Fund TA mission to assist the Maldives Monetary Authority (MMA) in developing stress tests for the Maldivian financial system, including tests for exposure to the real-estate sector.

Presented at an Asian Development Bank workshop on financial stability held for training staff members from numerous Maldivian government agencies.

Presented at a CARTAC workshop on Basel II reporting held at the Central Bank of Jamaica for staff from various CARTAC-country central banks.

Led a CARTAC follow-up mission to assist the staff of the Central Bank of the Bahamas in developing the CBB’s first Financial Stability Report. The mission was to assess progress since the January 2013 mission and assist in developing the materials needed for the FSR.

Led a CARTAC mission to assist staff of the Central Bank of Trinidad & Tobago in updating the stress tests developed after Dr. Cole’s 2010 technical assistance missions.

Participated in a CARTAC mission to assist the staff of the Central Bank of the Bahamas in designing and developing the CBB’s first Financial Stability Report.

Participated in an IMF mission to provide technical assistance to the Central Bank of Ghana regarding stress testing of the Ghana banking sector.

Participated in an IMF mission to assess the technical assistance needs of the Palestine Monetary Authority (the central bank of Palestine) regarding off-site supervision of the Palestinian banking sector.

Participated in an IMF mission to provide technical assistance to the Central Bank of Turkey on how to develop bank early warning models.

Participated in an IMF mission to assess the technical assistance needs of the Central Bank of Uzbekistan regarding off-site supervision of the Uzbek banking sector.

Led a METAC mission to provide training on how to conduct off-site supervision of the banking sector.

Participated in an IMF mission to provide training on how to assist the Central Bank of Cabo Verde in strengthening its framework for financial stability analysis.

Led a CARTAC mission to provide training on how to conduct off-site supervision of the Belize banking sector for staff of the Central Bank of Belize.

Led a METAC mission to provide training on how to conduct off-site supervision of the Syrian banking sector for staff of the Central Bank of Syria.

Led a METAC mission to provide training on how to conduct off-site supervision of the Lebanese banking sector for staff of the Banking Control Commission and Central Bank of Lebanon.

Led a CARTAC mission to provide training on how to conduct off-site supervision of the Belize banking sector for staff of the Central Bank of Belize.

Led a CARTAC mission to provide training on how to perform stress tests on the TT banking sector for staff of the Central Bank of Trinidad & Tobago.

Participated in a USAID mission to provide assistance on financial-sector reforms in Ukraine.

Led a CARTAC mission to provide training on how to perform stress tests on the TT banking sector for staff of the Central Bank of Trinidad & Tobago.

Led a mission to provide training on how to perform stress tests on the Lebanese banking sector for staff of the Banking Control Commission.

Led a mission to provide training on how to perform stress tests on the Syrian banking sector for staff of the Central Bank of Syria.

Led a mission to provide training on how to perform stress tests on the Guyana banking sector for staff of the Central Bank of Guyana.

Led an emergency IMF technical assistance mission requested by the governor of Mongol Bank (Central Bank of Mongolia) to estimate the costs of restructuring the Mongolian Banking system, develop stress tests for the banking system and improve banking supervision.

Led a follow-up mission to finalize work on stress tests for the Bahamas’ banking sector and provide training to staff of the Central Bank of the Bahamas.

Led a CARTAC follow-up mission to provide training to the staff of the Financial Services Commission regarding how to conduct stress-tests of the Jamaican securities dealers.

Led a CARTAC mission to provide technical assistance to the Central Bank of the Bahamas in how to develop stress tests for the banking sector. Specific stress tests were developed for credit risk, interest-rate risk, liquidity risk and foreign-exchange risk.

Led a CARTAC mission to provide technical assistance to the Financial Services Commission of Jamaica in development stress-tests for securities dealers. Specific stress tests were developed for interest- rate risk, liquidity risk and foreign-exchange risk.

Led a FSVC mission to provide training and technical assistance to Bank Al Maghrib (central bank of Morocco). Mission focus was on the development and implementation of financial stability indicators and stress-testing methodologies.

Led an IMF follow-up mission to provide training for the Palestine Monetary Authority. Mission focus was on the revision of the Call Reports, which are the financial statements filed monthly by each bank regulated by the PMA, to incorporate measures of market risk.

Led an IMF follow-up mission to provide training and technical assistance to the Palestine Monetary Authority (central bank of Palestine). Mission focus was on the revision of the Call Reports, which are the financial statements filed monthly by each bank regulated by the PMA.

Participated in three IMF follow-up missions to provide training and technical assistance to the Central Banks of Palestine, Yemen and Lebanon. In Palestine, the mission focus was on development of stress-test methodologies for assessing the banking industry’s exposure to the declining public equities market. In Yemen, the mission focus was on follow-up training in financial statement analysis and production of prudential supervisory reports. In Lebanon, the mission focus was continued follow-up on the development of a bank early warning system.

Participated in three IMF missions to provide training and technical assistance to the Central Banks of Palestine, Yemen and Lebanon. In Palestine and Yemen, the mission focus was on basic training in financial statement analysis and production of prudential supervisory reports. In Lebanon, the mission focus was continued follow-up on the development of a bank early warning system.

Led a follow-up IMF mission to provide continuing technical assistance to Banque du Liban, the Central Bank of Lebanon, in the development of a bank early warning system.

Participated in a First Initiative project to conduct a process review for the functions of the Central Bank of Kenya. Dr. Cole was responsible for reviewing and preparing recommendations for improving the functioning of the Departments of Policy Analysis & Research and Bank Supervision.

Participated in an IMF mission to provide continuing technical assistance to Banque du Liban, the Central Bank of Lebanon, in the development of an early warning system for the financial sector of the economy based upon prudential data.

Participated in an IMF mission to provide technical assistance to Banque du Liban, the Central Bank of Lebanon, in the development of an early warning system for the financial sector of the economy based upon prudential data and in the reform of its payments and settlements systems.

Led a follow-up IMF mission to provide technical assistance to the Central Bank of Russia regarding improvements to its off-site banking supervision systems. The primary focus of the mission was to assess the CBR’s progress in developing a statistical early warning system and to provide training as needed.

Led an IMF mission to provide technical assistance to the Central Bank of Russia regarding improvements to its off-site banking supervision systems. The primary focus of the mission was to assess the CBR’s progress in developing a statistical early warning system and to provide training as needed.

Led an IMF mission to provide technical assistance to the Central Bank of Russia regarding improvements in its off-site banking supervision systems. The primary focus of the mission was to help CBR staff begin development of a statistical early warning system.

Served as a resident advisor providing continued technical assistance to the People’s Bank of China, China’s Central Bank, under an Asian Development Bank project to improve off-site banking supervision capabilities.

Led an IMF mission to provide technical assistance to the Central Bank of Russia regarding improvements to the corporate governance of Russian commercial banks, implementation of international accounting standards by Russian commercial banks, and improvements to the Central Bank’s off-site banking supervision systems.

Served as a resident advisor providing technical assistance to the People’s Bank of China, China’s Central Bank, under an Asian Development Bank project to improve the Bank’s off-site banking supervision capabilities. The primary focus of the project was to help Bank staff develop a prototype of a statistical-based early warning system for the Shanghai region that could be expanded throughout the country.

Led a World Bank mission to provide training to bank examiners regarding the use of newly developed off-site supervision systems.

Served as resident advisor to Bangko Sentral ng Pilipinas, the Central Bank of the Philippines. Designed and developed off-site supervision systems now in use by Bangko Sentral ng Pilipinas, including a statistical-based early warning system for bank failures, an econometric system to forecast nonperforming loans at the industry level, and a computerized system to produce a monthly bank performance report for each of the more than 2,000 commercial, thrift, and rural banks supervised by the BSP. Trained BSP staff to maintain and update each system.

Participated in an IMF mission to assess existing and prototype off-site supervision systems in use or development by the Central Bank of Russia.

Led a World Bank mission to provide technical assistance on the bank-ratings systems used by Bangko Sentral ng Pilipinas, the Central Bank of the Philippines. Mission focus was on providing training in risk-based supervision and the CAMELS ratings system.

Led a World Bank mission to provide technical assistance to Bank Negara, the Central Bank of Malaysia, regarding the design off-site surveillance systems for the banking sector.