College of Banking and Financial Studies (CBFS) ReportName:Institution:Course:Instructor:Due Date:College of Banking and Financial Studies (CBFS) ReportAbout the InstitutionBrief History:The College of Banking and Financial Studies (CBFS) represents the government of Oman and is structured on a strong foundation of banking and finance education. Its genesis can be traced to Royal Ordinance No. The Banking Institute of Oman was first established in the Omani Banking Institute in 1964/1983. This Decree was an initial step towards developing an entity that could respond to the growing banking sector in Oman.In 1998, the institute's purpose was linked to the decision to name the institute as the Institute of Banking and Financial Studies by Royal Decree No. 83/98. This evolution was beset with the broader aim of incorporating a wider range of financial studies into the curriculum that aligned with the demands of the financial industry.The most impressive change was in 2004 when Royal Decree No. 12/1/2004 started the journey to the College of Banking and Financial Studies. With these developments, there was also a growth in competencies and a broader scope of operations. The