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THE ARAB MONETARY FUND ORGANIZES AN EXTRAORDINARY MEETING  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

THE ARAB MONETARY FUND ORGANIZES AN EXTRAORDINARY MEETING

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THE ARAB MONETARY FUND ORGANIZES AN EXTRAORDINARY MEETING  Empty THE ARAB MONETARY FUND ORGANIZES AN EXTRAORDINARY MEETING

Post by claud39 on Wed Jun 17, 2020 11:01 am

THE ARAB MONETARY FUND ORGANIZES AN EXTRAORDINARY MEETING REMOTELY FOR THE REGIONAL WORKING GROUP ON MODERN FINANCIAL TECHNOLOGIES IN THE ARAB COUNTRIES WITHIN THE SERIES OF MEETINGS “SAFETY OF THE MODERN FINANCIAL TECHNOLOGIES INDUSTRY AND SUPPORTING DIGITAL TRANSFORMATION IN THE AFTERMATH OF THE COVID 19 CRISIS”




2020-06-16





THE ARAB MONETARY FUND ORGANIZES AN EXTRAORDINARY MEETING  Logo-ar








Tuesday, June 16, 2020

The time is 15:00 to 17:30 Abu Dhabi time

The meeting discusses:

Experiments with alternative financing mechanisms and coding digital financial assets

Regulatory and regulatory requirements and technical solutions for alternative financing

Guidelines for alternative financing models in the Arab countries

 

The Arab Monetary Fund is organizing this afternoon, Tuesday 16 June 2020, the fourth remote meeting of the Regional Working Group on Modern Financial Technologies in the Arab Countries, to complete a discussion of the implications of the Corona Virus on the manufacture of modern financial technologies, within a series of meetings entitled " Safety of the Modern Financial Technologies Industry and Support Digital transformation following the COVID 19 virus crisisOfficials of modern financial technologies and payments with 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, will attend the meeting. Representatives from regional and international institutions such as the bank will also attend.


 The International Bank, The International Settlements Bank, The Islamic Development Bank, The Financial Stability Institute, The International Finance Institute, The International Finance Corporation, The German Development Agency, The Cambridge Alternative Financing Center, And The Capital Market Authority In Malaysia Also Participates In The Group Meeting The Federation Of Arab Stock Exchanges, And Representatives Of The Capital Markets And Stock Exchanges Arab, representatives of commercial banks, and major consulting firms working on the same topic in the world, and representatives of providers of services and solutions of modern financial technologies from the Arab region and outside.

The fourth meeting focuses on examining the latest developments in digital financial assets and the various alternative financing mechanisms, whether collective partnerships or crowdfunding, the business models associated with both, and ways to bridge the financing gap for MSMEs through various alternative financing models. In this context, the meeting addresses aspects of developing the legislative structure and regulatory framework associated with alternative financing and the requirements to strengthen the regulatory framework to maintain a balance between the legislative and regulatory framework on the one hand and support for digital innovations on the other hand.

 The discussions will also address the supervisory and supervisory technical solutions available to support the supervisory and supervisory authorities. The meeting also sheds light on the regulatory and legislative framework for coding the various financial assets and offering them for subscription, circulation and archiving.  

In this context, the meeting will discuss guidelines for alternative financing models and encryption of digital financial assets in the Arab countries, which were prepared by the Regional Working Group on Modern Financial Technologies in the Arab Countries. The preparation of these guidelines comes within the framework of the group’s business and its interests in promoting awareness of the various issues and aspects that are most important in the topics of modern financial technologies, in a way that contributes to supporting the efforts of Arab countries to benefit from modern financial technologies.

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 that the continuation of extraordinary meetings comes to confirm that the modern financial technology sector is considered a priority for central banks and Arab monetary institutions, and what can contribute to it by strengthening The capabilities of Arab economies to face current challenges and prepare for the post-crisis recovery phase. His Excellency praised the topic discussed by the group in the fourth meeting on alternative financing for its importance in enhancing financing opportunities for MSMEs. His Excellency renewed his wishes that God save our dear Arab countries and countries of the world from this epidemic, and to quickly overcome the repercussions of this crisis. 




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THE ARAB MONETARY FUND ORGANIZES AN EXTRAORDINARY MEETING  Empty THE ARAB MONETARY FUND DISCUSSES PRECAUTIONARY POLICIES TO MITIGATE THE CONSEQUENCES OF "CORONA"

Post by claud39 on Thu Jun 18, 2020 5:59 pm

THE ARAB MONETARY FUND DISCUSSES PRECAUTIONARY POLICIES TO MITIGATE THE CONSEQUENCES OF "CORONA"







18/06/2020






THE ARAB MONETARY FUND ORGANIZES AN EXTRAORDINARY MEETING  %D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D9%8A%D9%86%D8%A7%D9%82%D8%B4-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D8%AD%D8%AA%D8%B1%D8%A7%D8%B2%D9%8A%D8%A9-%D9%84%D9%84%D8%AA%D8%AE%D9%81%D9%8A%D9%81-%D9%85%D9%86-%D8%AA%D8%AF%D8%A7%D8%B9%D9%8A%D8%A7%D8%AA-%D9%83%D9%88%D8%B1%D9%88%D9%86%D8%A7


The Arab Monetary Fund and the Financial Stability Institute “FSI” of the Bank for International Settlements and the “Basel Committee” for Banking Supervision organized a remote seminar on the response of central banks and supervisory authorities to deal with the repercussions of the emerging Corona Virus pandemic with the participation of a number of senior officials from conservatives, conservative representatives and directors of departments Banking supervision and financial stability, representing central banks and monetary institutions in the Arab countries.







Dr. Abdul Rahman bin Abdullah Al-Hamidi, General Manager, Chairman of the Board of Directors of the Arab Monetary Fund, Pablo Hernandez, Governor of the Bank of Spain, Chairman of the Basel Committee for Banking Supervision, Fernando Restoy, President of the Financial Stability Institute of the Bank for International Settlements, and Caroline Rogers, Secretary-General of the Committee, participated in the discussion session. Basel for Banking Supervision.




Tareq Amer, Governor of the Central Bank of Egypt, Dr. Maher Sheikh Hassan, Deputy Governor of the Central Bank of Jordan, Dr. Fahd Al-Shathri, Deputy Governor of the Saudi Arabian Monetary Agency, and Ives Muresh, Vice-President of the Supervisory Board of the European Central Bank, spoke at the workshop.




Discussions included a number of important topics, the response of the "Basel Committee" to banking supervision of the consequences of the emerging Corona virus, the extent of success of monetary policy tools and precautionary policies to mitigate the consequences of the virus, the role of central banks and supervisory authorities in encouraging banks to support the economy while maintaining financial stability, along with Learn about the role of governments in supporting corporate lending, especially small and medium enterprises, how to be sure of the financial sustainability of companies, and the impact of the incentives provided.




For his part, the Director General of the Arab Monetary Fund Board of Directors expressed his happiness for holding this meeting in the context of a long series of meetings and consultative workshops organized by the Fund to enhance dialogue between policy makers.







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THE ARAB MONETARY FUND ORGANIZES AN EXTRAORDINARY MEETING  Empty THE ARAB MONETARY FUND, THE FINANCIAL STABILITY INSTITUTE AND THE BASEL COMMITTEE FOR BANKING SUPERVISION ORGANIZE A HIGH-LEVEL "REMOTE" PANEL DISCUSSION ON THE RESPONSE OF CENTRAL BANKS AND SUPERVISORY AUTHORITIES TO DEAL WITH THE REPERCUSSIONS OF THE EM

Post by claud39 on Thu Jun 18, 2020 6:01 pm

THE ARAB MONETARY FUND, THE FINANCIAL STABILITY INSTITUTE AND THE BASEL COMMITTEE FOR BANKING SUPERVISION ORGANIZE A HIGH-LEVEL "REMOTE" PANEL DISCUSSION ON THE RESPONSE OF CENTRAL BANKS AND SUPERVISORY AUTHORITIES TO DEAL WITH THE REPERCUSSIONS OF THE EMERGING CORONA VIRUS PANDEMIC.




2020-06-17



THE ARAB MONETARY FUND ORGANIZES AN EXTRAORDINARY MEETING  Logo-ar





June 17, 2020, 13:00 - 15:30 Abu Dhabi time - United Arab Emirates

 

The extent of success of precautionary policies to mitigate the consequences of the virus

Is there a need to review international principles and standards?

 The role of central banks and supervisory authorities in supporting the post-crisis economy

The role of governments in supporting corporate lending, especially small and medium enterprises

Ways to strike a balance between the requirements of supporting the economy and maintaining financial stability

 

 

Today, Wednesday 17 June 2020, the work of the high-level panel discussion on the response of central banks and supervisory authorities to dealing with the repercussions of the Corona Virus pandemic will be opened, with the participation of His Excellency Dr. Abdul Rahman bin Abdullah Al-Hamidi, Director General of the Arab Monetary Fund, and His Excellency Pablo Hernandez The Governor of the Bank of Spain - President of the Basel Committee for Banking Supervision, His Excellency "Fernando Restoy", President of the Institute for Financial Stability of the Bank for International Settlements, and Mrs. "Caroline Rogers" Secretary General of the Basel Committee for Banking Supervision. Speaking at the panel discussion are His Excellency Tareq Amer, Governor of the Central Bank of Egypt, His Excellency Dr. Maher Sheikh Hassan, Deputy Governor of the Central Bank of Jordan, His Excellency Dr. Fahd Al-Shathri, Deputy Governor of the Saudi Arabian Monetary Agency, and Mr. "Eves Mearsh", Vice-President of the Supervision Board at the European Central Bank.
 

The discussion panel organized by the Arab Monetary Fund and the Institute for Financial Stability ( FSI ) of the Bank for International Settlements and the Basel Committee for Banking Supervision, will be attended by a number of senior officials from governors, deputy governors and managers of banking supervision and financial stability departments, representing central banks and monetary institutions in the Arab countries.
 

Discussions will include a number of important topics such as: the response of the Basel Committee for Banking Supervision to the implications of the emerging Corona virus, the extent of success of monetary policy tools and precautionary policies to mitigate the consequences of the virus, and the role of central banks and supervisory authorities in encouraging banks to support the economy while maintaining financial stability, along with identifying On the role of governments in supporting corporate lending, in particular small and medium enterprises, how to be sure of the financial sustainability of companies, and the impact of the incentives provided.  
 

On this occasion, His Excellency the Director General and Chairman of the Board of Directors of the Arab Monetary Fund expressed his pleasure that this meeting was held within the framework of a long series of consultative meetings and workshops organized by the Fund to enhance dialogue between policy makers, praising this meeting that brings together high-level representatives from international financial institutions and frameworks And Arab central banks to discuss the most effective ways and policies that would mitigate the repercussions of the Corona pandemic on the economies of Arab countries while achieving a balance with the requirements of financial stability, noting in this context the guiding principles issued by the Arab Monetary Fund on how the central banks deal with the repercussions on the banking system and stability The financial.





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