Debt and Insolvency Management
Debt Management has been created following the Central Bank’s Addendum to the Minimum Competency Code (MCC) to meet the needs of those working in debt management. However, inadequate cross-border debt and insolvency policies negatively impact a country's financial and institutional stress and security. It inhibits foreign direct investment; burdens judicial systems; leads to asset outflow; and increases recovery time of financial downturns. Comprehensive legal frameworks that target domestic and international proceedings can counteract these consequences and attract investments and minimize lending risks.
This course on advanced debt and insolvency management will compare debt and insolvency regimes, analyse model laws, discuss domestic needs and limitations, and introduce the latest developments in the field of debt and insolvency. Through this course, our esteem participants will be able to consider current and potential reforms addressing their country's debt and insolvency and bankruptcy policies.
The course is designed for Central Banks personnel that includes but not limited to Front Office, Middle and Back Office Clerk, Legal Officers of Central Banks and Commercial Banks, Members of a treasury team and others, involved in debt negotiation and credit as well as Debt Insolvency.
Upon completing this workshop, the delegates should be able to:
- Understand the concept of debt and insolvency management and the benefits it can provide to customers,
- Deal with the approach of the diverse types of creditors and the methodology of debt management solutions,
- Understand the role of a debt adviser and the letter of engagement,
- Understand the concept of Personal Insolvency Act 2012, the role of the courts in debt management and debt enforcement,
- Understand and explore the meaning of quotations spot, forward and cross markets, factors influencing rates and importance of liquid foreign exchange markets,
- Be able to review of cross boarder insolvency regimes and deals with the facets of UNCITRAL Model Law Provisions,
- Be able to deal with treatment of asset upon commencement will and assets included and excluded in the protection and preservation of estate