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Forum on: Enhancing Financial Stability Empty Forum on: Enhancing Financial Stability

Post by claud39 on Mon Jul 22, 2019 7:23 am

Forum on: Enhancing Financial Stability




Union of Arab Banks . 22 - 23 July 2019 




Forum on: Enhancing Financial Stability Rc_156352360548_23











[rtl]Background:[/rtl]


[rtl]Financial stability means the ability of the financial system to function effectively and smoothly, even in the face of pressures and financial turmoil within a country, as a result of adverse and unexpected events. Therefore, any financial system composed of institutions, financial markets and infrastructure is stable if it continues to ensure the distribution of its resources Finance effectively, assess financial risk management, maintain staffing levels, and eliminate the movement of real or financial asset price fluctuations that affect monetary stability.[/rtl]


[rtl]The increasing trend towards globalization, financial liberalization, associated market integration and free movement of capital have raised the issue of financial stability to the top of many countries' challenges and concerns. Banking supervision has become essential. Monetary authorities and supervisory bodies are now certain that their policies must To be accompanied by effective supervision of the banking system to avoid any inappropriate practices and thus avoid any crisis.[/rtl]


[rtl]Enhancing financial stability has become a necessary goal for policymakers, especially since the interdependence and integrity of the core components of a financial system governs the efficiency of the entire system, and therefore any defect in one element can weaken the stability of the entire system, which is exactly what happened after the global financial crisis. Restructuring the global financial system by supporting its components and improving prudential supervision and rules at the macro and micro levels.[/rtl]


[rtl]Accordingly, and considering the lack of financial stability due to the security and political conditions experienced by some of our Arab countries, the Union of Arab Banks is holding a banking forum hosted by Oman - the Hashemite Kingdom of Jordan under the title "Enhancing Financial Stability" to discuss the importance of supporting and enhancing this stability through guaranteeing The importance of coordination between monetary and financial policies, the role of central banks in maintaining financial stability, and the role of financial markets and infrastructure support in reducing systemic risks to protect it.[/rtl]


[rtl]Objectives: [/rtl]


[rtl]The aim of this forum is to shed light on the mechanisms needed to enhance financial stability and to deal with the current challenges facing the global financial system. In addition, it will emphasize the importance of coordination of monetary and financial policies, as well as discuss strengthening the role of central banks and financial institutions in achieving financial and economic stability.[/rtl]


[rtl]The forum, which is being led by a select group of experts from the Arab world and specialized international institutions, will discuss recent changes in international and regional initiatives, policies and regulations in the wake of the global financial crisis and discuss strategies and tools that can contribute directly or indirectly to financial stability.[/rtl]


[rtl]Themes and topics:[/rtl]


[rtl]The impact of good governance and risk management in enhancing financial stability.[/rtl]


[rtl]The role of local and regional payment and settlement systems and their impact on enhancing financial stability.[/rtl]


[rtl]Arab and international cooperation in the fight against money laundering and terrorism financing to achieve financial stability.[/rtl]


[rtl]The relationship between credit expansion and financial stability.[/rtl]


[rtl]The impact of shadow banking on the stability of the global financial system.[/rtl]


[rtl]The role of markets and financial institutions in supporting stability and economic growth.[/rtl]


[rtl]Impact of sovereign wealth funds and hedge funds on regional development and the Arab financial system.[/rtl]


[rtl]Strategies to enhance financial inclusion and support SMEs to achieve financial stability.[/rtl]


[rtl]The importance of coordination between monetary and financial policies in stabilizing prices and creating jobs.[/rtl]


[rtl]The role of early warning systems and forecasting the financial crisis in the face of cyclical risks.[/rtl]


[rtl]The role of central banks and total prudential supervision in achieving and enhancing financial stability.[/rtl]




[rtl]Target participants:[/rtl]


[rtl]Presidents and Directors of Arab Banks.[/rtl]


[rtl]Heads and directors of insurance companies, financial leasing and investment banks.[/rtl]


[rtl]Heads and staff of Arab central banks.[/rtl]


[rtl]Heads and deputies of the Arab regulatory and regulatory bodies.[/rtl]


[rtl]Heads and Deputy Risk Management in Arab Banks.[/rtl]


[rtl]Presidents and deputies of credit management and financial management.[/rtl]


[rtl]Compliance managers and deputies in banks.[/rtl]


[rtl]Managers of internal audit and employees of banks and financial institutions.[/rtl]


[rtl]Managers and their deputies in financial institutions and regional and international funds.[/rtl]


[rtl]Forum Structure:[/rtl]


[rtl]Presentation of working papers and in-depth discussion sessions conducted by senior bankers and experts from the Arab world and some specialized international institutions. [/rtl]


[rtl]An exhibition of sponsoring institutions, where participating institutions can present their products and services and establish and develop their business relations.[/rtl]


[rtl]Moderators:[/rtl]


[rtl]By attending and benefiting from the valuable discussions that will be conducted by a group of internationally renowned speakers and by other experts from regional and international bodies.[/rtl]


[rtl]By sponsoring the activities of the forum and taking advantage of a wide range of franchises (marketing, branding, appearing in the media, etc ....)[/rtl]








[rtl]http://www.uabonline.org/en/news/arabicnews/16051606157815831609158116081604157815931586161015/65956/1
[/rtl]



Members


Arab Central Banks






Forum on: Enhancing Financial Stability MoroccoBank Al-MaghribForum on: Enhancing Financial Stability 12_cb_logo
Forum on: Enhancing Financial Stability AlgeriaBank of AlgeriaForum on: Enhancing Financial Stability 08_cb_logo
Forum on: Enhancing Financial Stability LebanonBanque Du LibanForum on: Enhancing Financial Stability 01_cb_logo_new
Forum on: Enhancing Financial Stability BahrainCentral Bank of BahrainForum on: Enhancing Financial Stability 15_cb_logo
Forum on: Enhancing Financial Stability EgyptCentral Bank of EgyptForum on: Enhancing Financial Stability 11_cb_logo_2
Forum on: Enhancing Financial Stability IraqCentral Bank of IraqForum on: Enhancing Financial Stability Logo_154962078066_
Forum on: Enhancing Financial Stability JordanCentral Bank of JordanForum on: Enhancing Financial Stability 02_cb_logo
Forum on: Enhancing Financial Stability KuwaitCentral Bank of KuwaitForum on: Enhancing Financial Stability 19_cb_logo
Forum on: Enhancing Financial Stability LibyaCentral Bank of LibyaForum on: Enhancing Financial Stability 10_cb_logo
Forum on: Enhancing Financial Stability MauritaniaCentral Bank of MauritaniaForum on: Enhancing Financial Stability 13_cb_logo
Forum on: Enhancing Financial Stability OmanCentral Bank of OmanForum on: Enhancing Financial Stability 17_cb_logo
Forum on: Enhancing Financial Stability SudanCentral Bank of SudanForum on: Enhancing Financial Stability 09_cb_logo
Forum on: Enhancing Financial Stability SyriaCentral Bank of SyriaForum on: Enhancing Financial Stability 03_cb_logo_2
Forum on: Enhancing Financial Stability UaeCentral Bank of The U.A.EForum on: Enhancing Financial Stability 14_cb_logo
Forum on: Enhancing Financial Stability TunisiaCentral Bank of TunisiaForum on: Enhancing Financial Stability 07_cb_logo
Forum on: Enhancing Financial Stability YemenCentral Bank of YemenForum on: Enhancing Financial Stability 06_cb_logo
Forum on: Enhancing Financial Stability PalestinePalestine Monetary AuthorityForum on: Enhancing Financial Stability 05_cb_logo_2
Forum on: Enhancing Financial Stability QatarQatar Central BankForum on: Enhancing Financial Stability 18_cb_logo_2
Forum on: Enhancing Financial Stability KsaSaudi Arabian Monetary AgencyForum on: Enhancing Financial Stability 16_cb_logo_2



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Forum on: Enhancing Financial Stability Empty Forum to promote financial stability begins its work in Jordan

Post by claud39 on Tue Jul 23, 2019 6:41 am

Forum to promote financial stability begins its work in Jordan


23/07/2019



Forum on: Enhancing Financial Stability Rc_156386253358_23




The Forum for Enhancing Financial Stability, organized by the Union of Arab Banks, in cooperation with the Central Bank and the Association of Banks in Jordan, started with the participation of Arab banks.
 
The Secretary General of the Union of Arab Banks, Wissam Fattouh: The issue of financial stability has become a constant concern for our Arab banking sectors as a result of developments in our region and the world, prompting the Union to give this issue importance, especially the Arab world is in uncertainty due to political conflicts and security problems and the spread of poverty Unemployment and illiteracy. 

He added in his speech at the opening of the forum that 'the Union seeks to strengthen financial stability and activate the efforts of sustainable development in addition to neutralizing the Arab banking sector through political conflicts in the region, through the development of legislative and institutional frameworks for financial stability in the Arab countries.'

He stressed that financial coverage improves the efficiency of the process of mediation between national savings and investments, contributes to the development of the efficiency of the financial system, and helps bank customers to provide a more stable base of deposits, especially retail deposits, and reduce dependence on wholesale financing. 

Participants at the two-day forum discuss the importance of supporting and enhancing financial stability by ensuring efficiency in all components of the financial system, focusing on the importance of coordination between monetary and fiscal policies, as well as the role of central banks in maintaining financial stability, Infrastructure in the reduction of systemic risk to protect it.

Forum participants will also discuss recent changes to international and regional initiatives, policies and regulations in the wake of the global financial crisis and discuss strategies and tools that can contribute directly or indirectly to financial stability.






http://www.uabonline.org/en/news/arabicnews/16051606157815831609157815931586161015861575160415/66038/1
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Forum on: Enhancing Financial Stability Empty Opening of the Forum on Enhancing Financial Stability with the participation of Arab bankers

Post by claud39 on Tue Jul 23, 2019 6:45 am

Opening of the Forum on Enhancing Financial Stability with the participation of Arab bankers




23/07/2019





Forum on: Enhancing Financial Stability Rc_156386340941_23



The Deputy Governor of the Central Bank of Jordan, Dr. Adel Al-Circassis, opened on Monday a forum on strengthening financial stability organized by the Union of Arab Banks in cooperation with the Central Bank and the Association of Banks in Jordan with Arab banking participation. 

Dr. Circassian said in a speech on behalf of the Governor of the bank: The banking industry is facing challenges as a result of the successive global financial and economic crises and political unrest in some countries of the region, and the negative repercussions on the economies of these countries and neighboring countries. 

He added that these challenges must be met by strengthening the banks 'ability to face risks and shocks, applying sound corporate governance rules, activating the role of risk departments at banks, enhancing compliance with local and international laws and standards, and enhancing banks' capital and liquidity.

He stressed that the global financial crisis has proved that stability at the individual level of each institution of the banking system and financial is not enough to achieve financial stability, because of the risks at the level of financial system, which requires hedging and measuring these risks and the application of prudential policies and control measures at the macro level to ensure control and stimulate institutions To enhance their resilience and enable them to absorb the impact of these risks, thereby reducing their impact and strengthening the capacity of the banking and financial sector to address them. 

He pointed out that the Central Bank established a financial stability department at the beginning of 2013 to work in an integrated manner with the Department of Banking Supervision and the departments of drawing and implementation of monetary policy to maintain monetary and financial stability in the Kingdom.

On the individual level of banks, Dr Circassians said: "Effective risk management is the best way to maintain the bank's stability and achieve its objectives by enabling the bank to expand its investments, monitor its risks and effectively monitor and control the risks it faces. As well as the profitability of the bank while maintaining the integrity and soundness of its financial position.

"Strict compliance, risk management, AML / CFT requirements and your customer know-how are imperative to enhance banking safety and mitigate the risks associated with correspondent banks, which are threatening to drive many banks in the Arab countries out of the banking market as global banks cut or stop Due to the increasing cost of compliance requirements, which requires strengthening the compliance function in banks and providing them with qualified and trained human resources and adopting specialized international software programs in this field. He pointed out that the Central Bank attaches importance to the activation of risk and compliance departments in banks, as it was one of the first central banks in the region to implement Basel 3 and issue instructions to apply IFRS 9.

He stressed that financial stability requires the application of stress tests as an important tool of risk management. These tests measure the ability of banks to withstand high shocks and risks. In 2016, the Bank issued new instructions to develop stress tests and develop the concept of stress tests that measure the impact Macroeconomic variables on the conditions of banks. 

The Governor said that financial stability also requires the enhancement of financial coverage in a prudent and thoughtful manner, with the creation of appropriate infrastructure. He noted the launch of the National Strategy for Financial Inclusion (2018-2020) in line with the national agenda and strategic directions in the Kingdom; Including financial inclusion, financial stability, financial sector integrity, and consumer financial protection.

In his speech, Dr. Al-Circassis pointed out the developments in the Kingdom in the field of financial technology and innovation, as a result of Jordan's investment environment supporting innovation and the high demand for financial technology in the local market. 

"The maintenance of financial stability has become a challenge for central banks in both developed and developing countries, especially after the increasing trend towards globalization, financial liberalization and associated market integration and freedom of movement," said Adly Kandah, Director General of the Association of Banks in Jordan. Capital. 

He added that this situation makes the issue of financial stability at the top of the list of interests of States, in conjunction with the focus on improving and strengthening supervision of banks.

The concept of financial stability referred to the situation in which the financial sector was able to hedge against internal and external crises or fall into crisis and was able to perform its function of directing financial resources to investment opportunities efficiently and maintaining efficient payments, Reduce risk associated with the credit and liquidity process, market risk and operational risk, taking into account the appropriateness of growth in asset values ​​with growth in the real economy and the growth of sustainable employment opportunities. 

"Achieving sustainable economic stability requires an advanced and stable financial sector capable of channeling savings to finance productive investment opportunities that can create more job opportunities and raise productivity levels to the maximum possible levels," he said. "Stability in the financial sector can be seen as a starting point Towards economic stabilization.

He stressed that achieving financial stability requires monetary stability and the ability of the monetary sector to stabilize the general level of prices at the target levels, a clear structure of interest rates in line with local and international economic developments, and can adequately regulate the quantity and prices of credit conditions in a way that supports economic growth and prevents Concentration and accumulation of credit risk, especially with respect to the sectors most vulnerable to volatility. 

He explained that the relationship between monetary policy and financial stability is evidenced by the impact of tools used in monetary policy as interest rates on the ability of companies operating in the economy and to service their debts to banks, as well as the impact of developments in interest rates on the prices of financial assets and commodities.

He added that activating the role of monetary policy tools to promote economic growth, such as using the interest rate to stimulate growth, and the existence of exchange rate policy limit unjustified volatility and prevent currency speculation, support efforts to achieve economic stability, and promote international competitiveness. 

It recommended that the general framework of financial stability include a set of indicators and standards aimed at identifying the strengths and weaknesses of the system. These points should be pursued every six months or each year, in conjunction with the development of future scenarios to deal with these scenarios through procedures and plans Prepares.

He said that Jordan's experience in dealing with the global financial crisis and its repercussions was a proof of the strength and strength of the Jordanian banking sector and the soundness of the foundations on which it was based, which was the result of the prudential supervision and supervision of the Central Bank of Jordan. Which has resulted in a sound and healthy banking sector, has been able to withstand the most severe financial crisis in contemporary history.

He stressed that the indicators of safety and financial stability of the banking sector in Jordan continued to achieve positive indicators of the resilience and safety of the Jordanian banking sector and its ability to withstand the shocks and high risks. Available data indicate that the capital adequacy of banks in Jordan amounted to 16.9% at the end of 2018, which Which is higher by a comfortable margin than the 12 percent target set by the Central Bank of Jordan, and higher than the 10 percent stipulated by the Basel Committee. 

The data also indicate the high quality and quality of banks' assets in Jordan. The ratio of non-performing loans reached 4.9 percent, while the coverage ratio of non-performing loans was 79.3 percent.

The Jordanian banking system achieved high and safe liquidity levels, with a legal liquidity ratio of 131.9 per cent at the end of 2018. The banking sector achieved profitability levels with a return on assets of 1.2 per cent and a return on equity of 9.6 per cent. 

He pointed out that the banks were able to achieve positive growth rates in terms of assets, deposits and credit facilities granted, with a growth rate of total assets of 3 percent, customer deposits growth rate of 2 percent and growth rate of facilities by 3.5 percent by the end of 2018.

The Secretary General of the Union of Arab Banks and Wissam Fattouh: The issue of financial stability has become a constant concern for our Arab banking sectors as a result of developments in our region and the world, prompting the Union to give this issue importance, especially the Arab world is in uncertainty due to political conflicts and security problems and the spread of poverty Unemployment and illiteracy. 

He added that the Union seeks to enhance financial stability and activate the efforts of sustainable development as well as neutralizing the Arab banking sector through political conflicts in the region by developing the legislative and institutional frameworks for financial stability in the Arab countries.
 
Fattouh stressed that financial efficiency improves the efficiency of the process of mediating national savings and investments, contributes to the development of the efficiency of the financial system, and helps bank customers to provide a more stable base for deposits, especially retail deposits, and reduce their dependence on wholesale financing.






http://www.uabonline.org/en/news/arabicnews/15751601157815781575158116051606157815831609157815/66057/0
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Forum on: Enhancing Financial Stability Empty Arab Bank is the strategic sponsor of the Union of Arab Banks Forum on Enhancing Financial Stability

Post by claud39 on Thu Jul 25, 2019 6:49 am

Arab Bank is the strategic sponsor of the Union of Arab Banks Forum on Enhancing Financial Stability




25/07/2019





Forum on: Enhancing Financial Stability Rc_156403496367_23







Arab Bank has recently sponsored the Financial Stability Forum, which was held at the Intercontinental Hotel, Amman, organized by the Union of Arab Banks in cooperation with the Central Bank of Jordan and the Association of Banks in Jordan. 

The two-day forum discussed a number of key themes related to financial stability, including the role of central banks and macro prudential measures in achieving and enhancing financial stability, the impact of governance and sound risk management in enhancing financial stability, strategies to enhance financial inclusion and support SMEs to achieve stability. 


The role of local and regional payment and settlement systems and their impact on enhancing financial stability, as well as other relevant themes and themes. The speakers included a number of experts, financial analysts and representatives of Arab, regional and international financial institutions and bodies.

Arab Bank's strategic patronage of the conference comes in line with the Bank's keenness to support the banking and economic conferences and events that are concerned with the topics aimed at supporting and developing the financial and banking industry, which contributes to achieving sustainable economic development.





http://www.uabonline.org/en/news/arabicnews/15751604157616061603157516041593158515761610157516/66147/0
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