May 11, 2012
FRI hosted a Workshop on “Foreign Exchange Positions & Operations - Calculations & Regulatory Reporting” on May 11, 2012 at the Ramada Hotel, Downtown from 14:00 to 19:30.
The workshop featured renowned speakers and banking experts including:
   Mr. Mohamad Ali Hassan, CPA
Senior Manager at the BCCL
Former Supervision Advisor at the International Monetary Fund (IMF)
Mr. Rami Daou
Examiner at the BCCL

The workshop focused on the detailed understanding of a major area of concern for financial institutions in Lebanon, namely  Foreign Exchange Positions & Operations, including a comprehensive explanation of relevant circulars, call reports and regulatory filings, calculations of various positions such as the net trading position, global, open and fixed positions and their relevant limits and thresholds in addition to accounting treatments and practical and relevant examples.


Foreign Exchange Operations Performed by Banks and Financial Institutions

  • Foreign Exchange operations: definition, parties involved, and purpose
  • Relevant Regulatory laws and circulars
  • Methods of calculation of the Foreign Exchange position, reporting mechanisms and corresponding call reports and limits
  • Trading, Open, Global and Fixed FX positions
  • Reporting financial data and call reports related to foreign exchange positions
  • Elements of shareholders equity used to enforce the various banking ratios and standards
  • Practical cases
  • FX Spot, forward and off-exchange retail forex transactions
  • FX positions Risk


Mr. Mohamad Ali Hassan, CPA
Mr. Ali Hassan is a Senior Manager at the Banking Control Commission (BCC).  He has 20 years of experience in banking supervision. Before joining-back the Banking Control Commission in April 2011, Mohamad Ali Hassan spent 2 years with the International Monetary Fund (IMF) as banking supervision advisor. Mr. Ali Hassan has Provided Technical Assistance in banking supervision for METAC countries including Lebanon.  He has assisted member countries in creating a sound banking environment to maintain public trust and confidence in the banking sector.

Mr. Ali Hassan is now in charge of off-site supervision for the whole banking and non-banking sectors. He was the Head of Financial Institutions and Market Risk Department between years 2001 and 2009. From 1990 to 2001, Mr. Ali Hassan worked as on-site examiner for banks and financial institutions. Prior to joining the BCC in 1990, Mr. Ali Hassan worked in the banking sector for four years. He is a lecturer at the American University of Beirut (AUB) and Université Saint Joseph (USJ) where he is teaching Accounting and banking courses. Mr. Ali Hassan has an extensive record of teaching and lecturing with the IMF, the Association of banks in Lebanon, Association of Arab Banks, Morgan Group, Ministry of Finance and many other local and international institutions.

Mr. Rami Daou
Mr. Rami Daou is a controller at the Banking Control Commission of Lebanon (BCCL). He was recruited by the BCCL in 2008 in the Financial Institutions Department as an account officer for number of financial institutions where he was responsible for offsite and onsite supervision, and engaged in written correspondence with financial institutions and the Governor’s Office. Currently he is in the studies department at BCCL. He has around two years of experience at Ernst & Young, and he has participated in several seminars and workshops in and outside Lebanon. He is a graduate of business administration from the American University of Beirut and holds a Masters’ Degree from the Notre Dame University.