Financial Crime World

Hungary’s Banks Tackle Compliance Training with ITCB

A Leader in Compliance Training for Hungarian Banks

The International Training Center for Bankers Ltd. (ITCB) has been at the forefront of compliance training for Hungary’s banking sector since 1988. With extensive expertise in economic and financial matters, ITCB provides tailored solutions to clients from Hungarian banks, financial institutions, business companies, insurance firms, and government authorities.

Compliance Training Takes Center Stage

At ITCB, compliance training is a top priority. The company’s network of professionals and body of knowledge make it an ideal partner for organizations navigating the complex world of regulatory requirements. Recent years have seen ITCB expand its services to include risk management and capital regulations, such as Basel III, CRD, and CRR.

Degree and Certificate Programs

ITCB offers a range of degree and certificate programs designed to meet specific needs of the banking sector:

  • The Bank Management Program (BADI): A two-year postgraduate financial and banking training program operated in association with the Corvinus University of Budapest.
  • The Certified European Financial Analyst (CEFA) program: A 3-semester program accredited by the Hungarian Association of Capital Market Professionals.
  • The European Financial Planner (EFP) and European Financial Advisor (EFA) programs: Part of the complex financial planner program accredited by the European Financial Planning Association (EFPA).

Short Courses

ITCB also provides short courses covering a range of topics:

  • EU Affairs: Structural Funds, Treasury, Cohesion Funds
  • Bank controlling implementation and control
  • Risk-based internal control and audit
  • Banking Simulation (FinSim)
  • Credit risk management, ICAAP
  • Stock analyses

Tailor-Made Trainings

ITCB’s tailor-made trainings are designed to meet specific needs of financial institutions. These programs can be customized to address unique challenges faced by each organization.

Innovative E-Learning Solutions

ITCB offers innovative e-learning solutions that deliver a modern learning experience using advanced technology. The company’s MCD certification program in collaboration with Moody’s Analytics and Budapest Institute of Banking is designed to elevate consultative skills of lending professionals and help them become responsible advisers to their customers.

Consultancy Services

As a consulting firm in the financial services sector, ITCB specializes in tailor-made business and risk management solutions. The company has extensive experience in risk management and capital regulations, including Basel III, CRD, and CRR.

Risk Management

ITCB’s key competences include risk management and capital regulations. The company has been working on several Risk Management projects with Hungarian and regional banks since 1999.

Specific Services

ITCB offers a range of specific services:

  • Professional support for project management
  • Gap analysis: mismatches between regulatory requirements and practices
  • Developing and validating scoring/rating systems
  • ICAAP methodologies
  • IRB application packages
  • Redesigning internal procedures

Business Solutions

ITCB has a key role in redesigning business strategies by preparing benchmark analyses, background studies, and developing strategic recommendations. The company offers services such as:

  • Design and set-up of complex training systems
  • Development of corporate strategies
  • Evaluation of business plans and projects
  • Modernization of financial management