Highlighting key global trends in regulation and compliance and corresponding developments in the UAE and the wider region, the UAE Banks Federation’s, UBF, "Regulatory Compliance in a Changing World" forum concluded on Wednesday in Abu Dhabi.
ABU DHABI, (Pakistan Point News - 27th Jun, 2018) Highlighting key global trends in regulation and compliance and corresponding developments in the UAE and the wider region, the UAE Banks Federation’s, UBF, "Regulatory Compliance in a Changing World" forum concluded on Wednesday in Abu Dhabi.
Marked by the presence of world-class speakers and acclaimed industry experts who tackled a number of issues and challenges facing the banking industry, the event attracted more than 160 delegates representing leading local and regional banks, financial services and fintech companies, as well as legal, rating and consultancy firms. The one-day forum also saw participation from the Central Bank of the UAE and the Abu Dhabi Global Market, ADGM.
"We are pleased with the tremendous success of our ‘Regulatory Compliance in a Changing World’ forum. The event is a major milestone in the UBF’s journey as it gathered local, regional and international financial industry leaders under one roof to discuss and explore latest regulation and compliance developments and their impact on the banking industry. We strongly believe that the insights from the thought-provoking sessions at the forum will help local and regional banks, and the industry as a whole, to set their future strategies in order to thrive in a safe, competent and compliant business," said Abdul Aziz Al Ghurair, Chairman of the UBF.
The strategic forum featured more than 20 speakers who led thoughtful panels and sessions to discuss key regulatory concerns, effective ways to deal with financial crimes, as well as how technology can support regulatory implementation. Following the opening remarks by Walid Abou Zaki, Executive Director, Al-Iktissad-Wal-Aamal Co., and the welcome speech by Hanan Mansour, Chairperson of the UBF’s Compliance Committee and Head of Compliance, FAB, the event witnessed insightful deliberations as four stimulating panel discussions progressed.
Among the international speakers who provided their strategic insights in the panel discussions were Michael Dawson, Managing Director and CEO, Promontory Asia, Promontory Financial Group, USA; Sagar Sarbhai, Head of Regulatory Relations, APAC and middle East, Ripple, Singapore; and David Bundi, Chief Compliance Officer, Innovative Swiss Regional Bank, Switzerland.
In a live stage interview, titled "Living in the Age of De-Risking," Stuart Jones Jr., CEO, Sigma Ratings Inc., USA, explored global financial institutions’ perspectives on de-risking and the impact of de-risking on the region’s banking industry. The forum concluded with a presentation on "Conduct Business in Banks" by Bassant Khalil, Regional and UAE Head of Regulatory Compliance, HSBC.
