the duty of the organisation to equip their employees by providing a minimum training support at periodical intervals. apart from taking away the monotony of their daily work, and expanding their horizons and knowledge levels, it can also change employee attitude and behaviour, thereby contributing to the organisational performance. 18. studies have shown that training and effectiveness programs have a positive impact on employee performance. in this backdrop, there is an interesting suggestion in the committee report to introduce a system where employees have to pass a certification bis central bankers ’ speeches program compulsorily to progress to the next grade in the hierarchy. it is in this context that institutes like iibf, ibps, nism and cafral have a very vital role to play. 19. another interesting suggestion is for training programmes to be combined with certification which will improve training efficiency and will offer quality assurance. this will also ensure that training efforts are taken seriously by the recipients. system - wide measures 20. the next set relates to the steps needed to be taken on a system - wide basis to drive capacity building. the committee acknowledges the need to look beyond an individual institution ’ s perspective and consider various measures on a system - wide basis to support and drive capacity building. the success of these measures would hinge on coordination and collaboration of all relevant stakeholders. the committee has outlined the various aspects that need to be reckoned, including creation of accreditation agency, introducing banking aptitude test, developing centre of excellence for leadership development for banking sector, fostering development of data and research on skills in banking sector and improving academic - industry interface, etc. 21. a very important suggestion is for an accreditation agency to be set up as an independent quality assurance body for the banking sector which would be responsible for accrediting learning initiatives within the banking industry. as per the report, the main focus of the accrediting agency will be to accredit training institutes in the industry. when it comes to implementing this recommendation, the modalities of such accreditation needs to be worked out. i understand that this would be one of the issues which will also be discussed today. 22. in this respect some other action is also needed. of utmost importance are discussions with the stakeholders – the banks, the premier training institutions, the bankers ’ associations, and in the case of public sector banks, the government itself. building capacities of top management and members of boards of banks 23. public sector banks have been witnessing increasing number of younger officers at top levels

has to ensure that its capacity to deliver has to continuously evolve and adapt to the developments in the sector. banks have to make conscious and structured effects in building such capacity, by putting in practice the various recommendations in the bis central bankers ’ speeches report. i am confident that the discussions in this roundtable will lead to specific road map for action and provide clarity on issues. 31. thanking you all for your patient attention. bis central bankers ’ speeches