Bank of Ceylon hosts ‘Obsequentia 2020’ to great acclaim

Aptly titled obsequentia, the Latin term for compliance, Bank of Ceylon recently held the first-ever ‘Compliance Quiz’ among banks in Sri Lanka. Branded ‘Obsequentia 2020 – The Risk and Compliance Quiz’, the inaugural version was a resounding success and met with praise industry-wide for addressing a critical knowledge area in a fresh manner. 

Marking another first, the compliance-focused quiz was held digitally via the bank’s own digital platform, drawing a total of 560 participants from 112 teams right across the bank. 

The idea for the competition was conceived by the Deputy General Manager – Compliance, with the intent of improving knowledge and driving commitment among BOC staff towards the Compliance and Risk Management framework, an aspect of vital importance to the sustainability of the great banking institution. 

Originally hatched in the early part of the year, the plan hit a roadblock with the outbreak of COVID-19 countrywide and was shelved indefinitely due to practicality issues. However, the quiz competition was revived through the relentless efforts of the members of the Compliance, Risk Management, Marketing, Product & Banking Development, Training and IT teams, with the patronage of BOC chairman Kanchana Ratwatta and Acting General Manager D.P.K. Gunasekara.