Financial Services Agency

GLOPAC

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Meet Our
17th Visiting
Fellows

These are the former Visiting Fellows for the 17th GLOPAC term, October 2020 to January 2021. Representing 8 different countries, they are the first group of Fellows who are attending the Program remotely due to concerns with the Covid-19 pandemic.

2 Minute Read

Mr. Prabhuti SamalIndia
Reserve Bank of India

Assistant General Manager
Department of Supervision

October 2020 to January 2021.

“It’s a life-changing opportunity for banking supervisors.”

Introductory presentation >

What was your experience like at GLOPAC?
This was a wonderful experience full of new learning and new memories. The subjects covered were very much up to date and very useful for me, as I am working in the area of banking supervision. The lecturers are very experienced and prompt in answering queries. JFSA officials were very cordial and helpful in solving all problems. Overall, it was a great life experience and an opportunity to learn a lot of things.

What is the most important thing you learned?
There were many important things in areas such as recent changes in supervisory approaches, relieving stressed financial institutions, solving non-performing loan problems, supervision of digital banks, cybersecurity, cryptocurrency, etc.

How are you applying what you learned?
I will be contributing to policy-making through the knowledge I have gained. As I am currently working in banking supervision, I will be passing on what I have learned to others, and also using it in my work for better supervision of banks.

What would you like to tell people who are considering applying?
I would definitely suggest they apply and go for it. It’s a life-changing opportunity for banking supervisors. It’s a holistic program, which helps to make us better supervisors. It guides us and trains us to be part of a futuristic approach to supervision.

Is there anything else you would like to add?
I would like to thank JFSA for giving me the opportunity to be part of a nicely designed and well-organized fellowship program. I would be happy to have a future opportunity to work with JFSA. It would be great if a follow-up program (say, for one month) can be organized for the same participants next year.

2 Minute Read

Mr. Ahmad FuadiIndonesia
Indonesia Financial Services Authority (OJK)

Senior Bank Supervisor
Bank 1 Supervision

October 2020 to January 2021.

“Do not hesitate to join and start your international journey.”

Introductory presentation >

What was your experience like at GLOPAC?
My experience with the 3-month GLOPAC Program was greatly beneficial. GLOPAC has a compact schedule related to banking supervision. The lectures were interesting because GLOPAC also invites teachers not only from Japan’s FSA, but also other associations, related bodies in specific areas, and representatives from the Japanese banking industry.

What is the most important thing you learned?
The most important thing I learned was about banking supervision, especially digital banking supervision.

How are you applying what you learned?
I’d like to share my experience with the GLOPAC Program and Japan, particularly how Japan’s FSA has licensed new types of banks. This includes banks that are closely engaged in technological matters. I want to give recommendations to policy makers relating to these issues.

What would you like to tell people who are considering applying?
The GLOPAC Fellowship Program was fun and compact, giving new perspectives from other authorities. Do not hesitate to join and start your international journey.

Is there anything else you would like to add?
Ms. Junko and other GLOPAC Secretariat members were very helpful and always had my back.

2 Minute Read

Ms. Nur Syairah Husna Mohd Ridzuan Malaysia
Central Bank of Malaysia

Supervisor
Financial Conglomerates Supervision Department

October 2020 to January 2021.

“The GLOPAC Program offers a unique learning opportunity for its fellows to deepen their understanding in both Japanese financial regulations and its financial ecosystem.”

Introductory presentation >

What was your experience like at GLOPAC?
The GLOPAC Program offers a unique learning opportunity for its fellows to deepen their understanding in both Japanese financial regulations and its financial ecosystem via wide-ranging lecture topics. The lectures are presented by esteemed JFSA supervisors as well as experienced personnel from G-SIBS institutions. Even though the program was held virtually, the online format did not deter the fellows and lecturers from having fruitful discussions and sharing our own experiences from different jurisdictions. I feel very privileged to be given the opportunity to be part of the GLOPAC Fellowship Program alongside other fellow supervisors.

What is the most important thing you learned?
The most important takeaway that I have gathered from this program is regarding the approach of financial regulations and supervision of financial institutions. Financial regulations need to achieve a balancing act between rule-based and principle-based approaches to ensure financial institutions maintain prudent risk-taking while pursuing innovations that benefit the public. In addition, there is a need to adopt a more dynamic supervisory approach that is commensurate with the changing risk profile and/or business model of financial institutions.

How are you applying what you learned?
I intend to share the learning takeaways on specific subject matters with relevant colleagues from various departments that are involved with supervision of financial institutions and policy-making. This will help us enhance our own approaches to supervision and policy-making.

What would you like to tell people who are considering applying?
I highly encourage all regulators to apply for the GLOPAC Program as this program not only offers a rich learning experience, but also provides great opportunities to network with other regulators from various countries.

2 Minute Read

Ms. Ganchimeg OyunboldMongolia
Central Bank of Mongolia

Senior Supervisor
Risk Assessment Division

October 2020 to January 2021.

“I am truly grateful for this opportunity to learn from industry experts in the Japanese banking system.”

Introductory presentation >

What was your experience like at GLOPAC?
I am truly grateful for this opportunity to learn from industry experts in the Japanese banking system, one of the main standard setters of the global banking industry. I also got insight on the G-SIBs’ operations and was able to share knowledge and practice with my fellow participants, all of whom were from emerging countries with rapidly developing banking sectors. I would like to say that the knowledge I gained from my fellow participants was as important as the insights I attained through the topics covered by the program. Moreover, as the first virtual version of the GLOPAC program during the global pandemic, it was an exceptional experience for both the participants and organizers given the success and fruitfulness of the program.
LLastly, I want to acknowledge the FSA GLOPAC team for this well planned and organized program and express my sincere gratitude to all the team members.

What is the most important thing you learned?
The seminars covering IT risks, cyber-attacks, and financial inclusion were particularly insightful, and I learned a lot.

How are you applying what you learned?
As a regulator responsible for reviewing all types of banking risks (both system-wide and individual banks), I will further broaden my knowledge on IT risks based on what I learned during GLOPAC. I can now better assess the IT risk of the banking system of Mongolia.

What would you like to tell people who are considering applying?
I will definitely recommend that my colleagues apply to the program and express their areas of interest as extensively and detailed as possible.

Is there anything else you would like to add?
No.

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