Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

THE ARAB MONETARY FUND ORGANIZES THE SECOND EXTRAORDINARY MEETING FROM A DISTANCE OF MANAGERS OF BANKING SUPERVISION AND FINANCIAL STABILITY IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

THE ARAB MONETARY FUND ORGANIZES THE SECOND EXTRAORDINARY MEETING FROM A DISTANCE OF MANAGERS OF BANKING SUPERVISION AND FINANCIAL STABILITY IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY

Go down

THE ARAB MONETARY FUND ORGANIZES THE SECOND EXTRAORDINARY MEETING FROM A DISTANCE OF MANAGERS OF BANKING SUPERVISION AND FINANCIAL STABILITY IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY Empty THE ARAB MONETARY FUND ORGANIZES THE SECOND EXTRAORDINARY MEETING FROM A DISTANCE OF MANAGERS OF BANKING SUPERVISION AND FINANCIAL STABILITY IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY

Post by claud39 on Wed Apr 22, 2020 8:57 am

THE ARAB MONETARY FUND ORGANIZES THE SECOND EXTRAORDINARY MEETING FROM A DISTANCE OF MANAGERS OF BANKING SUPERVISION AND FINANCIAL STABILITY IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY




2020-04-21



THE ARAB MONETARY FUND ORGANIZES THE SECOND EXTRAORDINARY MEETING FROM A DISTANCE OF MANAGERS OF BANKING SUPERVISION AND FINANCIAL STABILITY IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY Logo-ar










Tuesday, April 21 , 2020

From 15:00 to 17:00 Abu Dhabi time

The meeting discusses:

The role of capital and liquidity margins in the coming stage

The role of the loan-to-value ratio and the debt-to-income ratio in achieving financial stability at this stage and the next stage

Assessing systemic risks that may threaten financial stability

The expected impact of the Coronavirus on indicators of financial strength

The effect of corona virus effects on inspection tasks of the banking system

The implications of the virus on the application of the requirements of the Basel III International Standard for Financial Reporting (IFRS9)

Corona virus effect on credit information industry

 



The Arab Monetary Fund organizes the second (extraordinary) virtual meeting, on Tuesday, April 21, 2020, to discuss the implications of the Corona virus on financial stability, banking supervision and credit information. The meeting will be attended by directors of the departments of financial stability, banking supervision and credit information at the central banks and Arab monetary institutions, in addition to the Arab Monetary Fund, which is responsible for the technical secretariat of the committees and work teams emanating from the Board of Governors of central banks and Arab monetary institutions. The meeting will also be attended by representatives of regional and international institutions such as the International Monetary Fund, the World Bank, the Institute for Financial Stability, the Basel Committee for Banking Supervision and the International Finance Corporation.


The holding of this meeting comes at a time when the Corona pandemic continues to spread worldwide, and the economic, social, financial and banking risks and ramifications are increasing. This unexpected situation has created additional pressure on supervisory and supervisory work, and the authorities are seeking to limit the negative impact of the virus implications on the financial and banking sector and its safety.


In this context, the meeting is held in these exceptional circumstances, to discuss the implications of the Corona virus on the fundamentals of financial stability in the Arab countries. The meeting will contribute to dialogue and exchange of experiences on developing policies and tools related to enhancing financial stability in Arab countries, in order to reduce the effects of the virus on financial stability. The meeting will also discuss the role of total precautionary policy tools in the current stage and the next stage until the end of the year, especially the tools of capital, liquidity, loan-to-value, and debt to income ratio. Many other topics of financial stability issues will be discussed such as assessing systemic risks at this stage, developing macro stress tests, financial durability indicators, financial disclosures, assessing the risks of the non-banking financial sector, and assessing cyber risks in this delicate phase.


On the other hand, the meeting will discuss a number of important topics that are important to the aspects of banking supervision, including the role of banking supervision in the next stage under the current circumstances, and ways to develop partial stress tests in the next stage, as these tests are considered an important tool for managing risk and measuring the sector's ability Banking to withstand potential shocks. The meeting will also discuss the impact of the Corona virus on field inspection tasks, in addition to addressing the assessment of operational and cyber risks for the banking sector at the current stage, in light of the increased reliance on modern financial technologies in implementing banking operations at this stage.


On the issue of credit information issues, the meeting will discuss the implications of the Corona virus for the credit information industry, including the impact on customer credit rating and credit reports.  


The attendees will hear presentations from the Institute of Financial Stability, the International Monetary Fund, the World Bank, the Basel Committee for Banking Supervision and the International Finance Corporation, on the latest developments related to the implications of the Corona virus on the elements of financial stability, aspects of banking supervision and the credit information industry.


In this context, His Excellency the Director General of the Chairman of the Arab Monetary Fund, Dr. Abdul Rahman bin Abdullah Al-Hamidi, expressed his pleasure in continuing these extraordinary meetings in recognition of the importance of maintaining financial stability in the Arab countries, which is one of the priorities of the central banks and Arab monetary institutions, given the link of stability Financial close to economic, financial and social stability in countries. 


His Excellency also affirmed the increasing interest shown by Excellencies and Governors of central banks and Arab monetary institutions for the work of the committees and work teams and the prominent role they play as a platform for dialogue and the transfer of knowledge and exchange of experiences and experiences between Arab countries regarding this important issue. His Excellency renewed his wishes to save our dear Arab countries and the world from this epidemic, and to quickly overcome the repercussions of this crisis.  





claud39
claud39
VIP NewsHound
VIP NewsHound

Posts : 16504
Join date : 2018-11-04

View user profile

Back to top Go down

THE ARAB MONETARY FUND ORGANIZES THE SECOND EXTRAORDINARY MEETING FROM A DISTANCE OF MANAGERS OF BANKING SUPERVISION AND FINANCIAL STABILITY IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY Empty THE ARAB MONETARY FUND PUBLISHES A STUDY ENTITLED: "FOREIGN TRADE POLICIES IN THE ARAB COUNTRIES"

Post by claud39 on Wed Apr 22, 2020 9:01 am

THE ARAB MONETARY FUND PUBLISHES A STUDY ENTITLED: "FOREIGN TRADE POLICIES IN THE ARAB COUNTRIES"




2020-04-21

THE ARAB MONETARY FUND ORGANIZES THE SECOND EXTRAORDINARY MEETING FROM A DISTANCE OF MANAGERS OF BANKING SUPERVISION AND FINANCIAL STABILITY IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY Logo-ar




The focus of Arab countries during previous years on adopting policies to support foreign trade through updating legislation and facilitating procedures

The need to focus on developing digital infrastructure for customs outlets and building institutional capacities in the field of international trade agreements




In the context of the efforts made by the Arab Monetary Fund in the field of studies and research activity aimed at supporting decision-makers in the Arab countries on priority economic and financial policy issues and issues, the Fund prepared a study on " Foreign Trade Policies in the Arab Countries ". The study aimed to shed light on the policies related to foreign trade in the Arab countries and their position on joining the World Trade Organization. In addition to the challenges related to joining the World Trade Organization and efforts made to overcome them. Besides the position of the Arab countries on joining the Greater Arab Free Trade Area. The study is based on the results of a questionnaire that was completed by the relevant authorities in a number of Arab countries.


The study indicated that Arab countries adopted during the past years a set of policies aimed at improving levels of foreign trade, as they developed commercial registration systems, and updated legislation and laws related to foreign trade. A number of Arab countries have established national committees aimed at facilitating procedures for foreign trade, in addition to intensifying efforts towards digitizing import and export documents in order to exchange information and documents electronically. In addition to developing the systems of industrial areas and the infrastructure that affect the foreign trade of the Arab region .


The majority of Arab countries are also bound by several trade agreements, bilateral and multiple, in order to facilitate access to both Arab and international markets. In addition, many Arab countries have issued preventive and preventive measures to maintain the competitiveness of their exports.


In addition to the above, Arab countries made intensive and numerous efforts aimed at improving the level of efficiency of the customs ports infrastructure, in terms of automatic linking between them and encouraging the use of modern technologies in those outlets, providing skilled and trained cadres and workers, and reducing the time spent to finish customs procedures and clear goods, in addition to reducing The number of customs procedures and the level of their complexity, and the application of measures that contribute to improving the level of performance at customs outlets in Arab countries .


The study recommended that development and diversification of production bases, raising the efficiency and competitiveness of products and addressing the structural challenges of a number of Arab countries due to the low level of development of productive and commercial capabilities, and the inconsistency of institutional policies and measures. It also recommended the application of trade policies led by mechanisms and programs to develop productive capacities, taking into account levels of development and income, economic structures, institutional development, and achieving comprehensive and sustainable development. Besides conducting economic reforms, adopting appropriate financial and tax policies, and tackling poverty, education and unemployment issues .


The study also recommended the use of modern technologies, building institutional capacities, especially in the field of trade agreements, studying foreign markets, trade in services, and encouraging investments in sectors with export capacity in the Arab countries . In addition to increasing the participation of Arab countries in international exhibitions, and opening up to the global economy and with the various giant international trade blocs, especially the European Union.


On the other hand, the study emphasized the importance of strengthening each of the Arab Free Trade Zone, factors of trust between local and foreign investors, the flow of investment between the Arab member states, and attracting direct investments from abroad. In addition to supporting other service sectors associated with increasing trade, such as transportation, communications and financial services, as well as benefiting from the transit transport agreement and its mechanisms . Emphasizing the importance of the establishment of an Arab customs union, and the transition of Arab economies from competitive economies to complementary economies .
The full version of the study is available at this link















claud39
claud39
VIP NewsHound
VIP NewsHound

Posts : 16504
Join date : 2018-11-04

View user profile

Back to top Go down

THE ARAB MONETARY FUND ORGANIZES THE SECOND EXTRAORDINARY MEETING FROM A DISTANCE OF MANAGERS OF BANKING SUPERVISION AND FINANCIAL STABILITY IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY Empty THE ARAB MONETARY FUND ORGANIZES THE SECOND "REMOTE" EXTRAORDINARY MEETING OF DIRECTORS OF FINANCIAL INCLUSION DEPARTMENTS, PAYMENT SYSTEMS AND FINANCIAL INFRASTRUCTURE IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS ON THE IMPLICATIONS OF THE CORONA VIRU

Post by claud39 on Thu Apr 23, 2020 9:51 am

THE ARAB MONETARY FUND ORGANIZES THE SECOND "REMOTE" EXTRAORDINARY MEETING OF DIRECTORS OF FINANCIAL INCLUSION DEPARTMENTS, PAYMENT SYSTEMS AND FINANCIAL INFRASTRUCTURE IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL SERVICES


2020-04-22

THE ARAB MONETARY FUND ORGANIZES THE SECOND EXTRAORDINARY MEETING FROM A DISTANCE OF MANAGERS OF BANKING SUPERVISION AND FINANCIAL STABILITY IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY Logo-ar








Wednesday, April 22, 2020

From 15:00 to 17:00 Abu Dhabi time

The meeting is discussing

The role of the authorities in accelerating the transition to digital services and encouraging the use of electronic payment tools in light of the implications of the Corona virus

Current practices in ensuring liquidity for individuals and companies through the banking sectors

 And non-banking

 

The Arab Monetary Fund is organizing the second extraordinary meeting (remotely) on Wednesday 22 April 2020, to discuss the implications of the Corona virus on financial services and financial inclusion. Managers of financial inclusion departments, payment systems and digital financial infrastructure at central banks and Arab monetary institutions participate in the meeting, in addition to the Arab Monetary Fund, which is responsible for the technical secretariat of the committees and work teams emanating from the Board of Governors of central banks and Arab monetary institutions.



 Representatives from regional and international institutions such as the International Monetary Fund and the World Bank, the German Development Agency, the Global Alliance for Financial Inclusion, the Islamic Development Bank Group, and the Bill and Melinda Gates Foundation for Charity, along with a number of Arab Monetary Fund partners in the areas of financial inclusion and payment systems, will also attend the meeting.



The holding of this meeting comes at a time when the Corona pandemic continues to spread worldwide, and the economic, social, financial and banking risks and ramifications are increasing. This has resulted in additional pressures on core financial services, and has clearly highlighted the importance of accelerating the transition to digital financial services and the need to continue efforts to enhance access to finance and financial services.



The meeting will contribute to enhancing dialogue and exchanging experiences on developing policies and tools related to improving financial inclusion in the Arab countries, in order to reduce the effects of the virus on families, individuals, and micro, small and medium-sized companies. The role of the authorities in accelerating the transition to digital services and encouraging the use of electronic payment tools will be discussed. With discussion of ways to improve the mechanisms and tools of digital government payments in light of the implications of the Corona virus. 



The meeting will also discuss ways to ensure the continuity of the banking business and provide basic financial services through liquidity guarantee mechanisms, especially for individuals, micro, small and medium-sized companies. In addition, measures will be discussed at the meeting to ensure that consumers of financial services are protected in these current circumstances and credit risk is mitigated. On the other hand, the meeting will discuss recovery prospects, mechanisms for digital financial transformation and promotion of digital financial services in Arab countries.



On this occasion, His Excellency the Director General of the Chairman of the Board of Directors of the Arab Monetary Fund, Dr. Abd al-Rahman bin Abdullah Al-Hamidi, pointed out the continuation of these meetings because of the priority that strengthening financial inclusion in the Arab countries has gained from the supervisory authorities in the Arab countries, and what financial inclusion can contribute to enhancing Financial sector capabilities to meet the current challenges.



 His Excellency also affirmed the increasing interest shown by Excellencies and Governors of central banks and Arab monetary institutions for the work of the committees and work teams and the prominent role they play as a platform for dialogue, knowledge transfer and exchange of experiences and experiences between Arab countries regarding issues of financial inclusion. His Excellency renewed his wishes for God to protect our dear Arab countries and the world from this epidemic, and to quickly overcome the repercussions of this crisis.



claud39
claud39
VIP NewsHound
VIP NewsHound

Posts : 16504
Join date : 2018-11-04

View user profile

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum