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THE ARAB MONETARY FUND DISCUSSES THE USE OF CAPITAL AND LIQUIDITY MARGINS IF THE CORONA CRISIS CONTINUES DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

THE ARAB MONETARY FUND DISCUSSES THE USE OF CAPITAL AND LIQUIDITY MARGINS IF THE CORONA CRISIS CONTINUES

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THE ARAB MONETARY FUND DISCUSSES THE USE OF CAPITAL AND LIQUIDITY MARGINS IF THE CORONA CRISIS CONTINUES Empty THE ARAB MONETARY FUND DISCUSSES THE USE OF CAPITAL AND LIQUIDITY MARGINS IF THE CORONA CRISIS CONTINUES

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

THE ARAB MONETARY FUND DISCUSSES THE USE OF CAPITAL AND LIQUIDITY MARGINS IF THE CORONA CRISIS CONTINUES






01/07/2020





THE ARAB MONETARY FUND DISCUSSES THE USE OF CAPITAL AND LIQUIDITY MARGINS IF THE CORONA CRISIS CONTINUES %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%D8%B3%D8%AA%D8%AE%D8%AF%D8%A7%D9%85-%D9%87%D9%88%D8%A7%D9%85%D8%B4-%D8%B1%D8%A3%D8%B3-%D8%A7%D9%84%D9%85%D8%A7%D9%84-%D9%88%D8%A7%D9%84%D8%B3%D9%8A%D9%88%D9%84%D8%A9-%D8%AD%D8%A7%D9%84-%D8%A7%D8%B3%D8%AA%D9%85%D8%B1%D8%A7%D8%B1-%D8%A3%D8%B2%D9%85%D8%A9-%D9%83%D9%88%D8%B1%D9%88%D9%86%D8%A7






The Arab Monetary Fund discussed at its fifth extraordinary virtual meeting remotely the repercussions of the emerging crisis of the Corona virus on financial stability, banking supervision and credit information in the Arab world, and ways to use capital and liquidity margins if the crisis extends to the end of the current year, and a statement issued by the fund on Tuesday was reported by an agency Emirates news, that the meeting took place at the time of the continued spread of the (Corona) epidemic globally and the increase in risks and economic, social, financial and banking repercussions, as this unexpected situation generated additional pressures on supervisory and supervisory work and the authorities are seeking to limit the negative impact of the consequences of the virus on the financial and banking sector and its safety.




The fund statement indicated that the meeting dealt with the repercussions of the Corona virus on the fundamentals of financial stability in the Arab countries. The meeting also contributed to dialogue and exchange of experiences on developing policies and tools related to enhancing financial stability in Arab countries, to reduce the effects of the virus on financial stability, and a discussion was also discussed. 




A number of important issues of concern to the aspects of banking supervision include the role of banking supervision in the next stage in light of the current circumstances, and the assessment of credit and operational risks and market risks in the current and future phases.




The Director General of the Board of Directors of the Arab Monetary Fund, Dr. Abdul Rahman bin Abdullah Al-Hamidi, said - in the statement - that the continuation of these extraordinary meetings comes to confirm that maintaining financial stability in the Arab countries is one of the priorities of the central banks and Arab monetary institutions, given the close financial stability Economic and social stability in the countries.




He emphasized the increasing interest shown by the 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 with regard to this important topic.























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THE ARAB MONETARY FUND DISCUSSES THE USE OF CAPITAL AND LIQUIDITY MARGINS IF THE CORONA CRISIS CONTINUES Empty THE CENTRAL BANK OF BAHRAIN AND THE ARAB MONETARY FUND ORGANIZE A WORKSHOP TO ENROLL BANKS OPERATING IN THE KINGDOM OF BAHRAIN IN THE "BENI" PLATFORM FOR ARAB PAYMENTS

Post by claud39 on Wed Jul 01, 2020 11:40 am

THE CENTRAL BANK OF BAHRAIN AND THE ARAB MONETARY FUND ORGANIZE A WORKSHOP TO ENROLL BANKS OPERATING IN THE KINGDOM OF BAHRAIN IN THE "BENI" PLATFORM FOR ARAB PAYMENTS

2020-06-30





THE ARAB MONETARY FUND DISCUSSES THE USE OF CAPITAL AND LIQUIDITY MARGINS IF THE CORONA CRISIS CONTINUES Logo-ar



The wide participation of banks operating in the Kingdom reflects the growing interest in participating in the platform
The platform will provide opportunities for Bahraini banks to strengthen ties with banks in the Arab region and outside
 
As a continuation of the continuous meetings and workshops with banks in the Arab countries, after the announcement of the launch of the "Beni" platform for Arab payments of the Regional Corporation for Clearing and Settlement of Arab Payments owned by the Arab Monetary Fund, the Fund continues its efforts in following up the process of attaching central and commercial banks to the platform. In this regard, the Fund is organizing in cooperation with the Central Bank of Bahrain this afternoon, Tuesday 30 June, a workshop to place banks operating in the Kingdom of Bahrain in the podium, with the participation of senior officials from all banks operating in the Kingdom.
 
The platform provides distinguished services for banks in the Kingdom of Bahrain to accelerate the clearing and settlement of cross-border payments and reduce their costs, as banks and financial institutions in the Kingdom exchange about 700 thousand cross-border payments annually with banks and financial institutions in the Arab region and about 570 thousand additional payments with the rest of the world.
 
The workshop, in which all banks operating in the Kingdom of Bahrain participate, discusses the process of joining banks operating in the Kingdom of Bahrain in the "structures" platform and the proposed work plan, and also addresses the technical requirements and steps required to ensure their easy connection to the platform. It also includes an offer by the Central Bank of Bahrain, in which it reviews the most important advantages of the platform in developing payment services in the region and additional services directed to banks to enhance its role in supporting investments, inter-trade and economic ties with the commercial partners of the Kingdom of Bahrain.
 
It is worth noting that this workshop comes after holding more than thirteen workshops in the Arab region, in which a number of commercial banks operating in the Kingdom of Bahrain participated, which showed a growing interest in participating within the group of the first users on the platform. It is also the eighth workshop of the series of workshops devoted to the placement of banks in every Arab country.
 
It is worth noting that the "Bani" platform represents a multi-currency payment platform that provides clearing and settlement services in Arab currencies and international currencies that meet the eligibility requirements, for clearing and settling inter-Arab financial transactions as well as financial transactions between Arab countries and the main trading partners of the Arab countries. The platform aims to enable financial and banking institutions in the Arab region, including central and commercial banks, to send and receive inter-payments across the Arab region and beyond in a safe and reliable manner at an appropriate cost and high effectiveness. The Bani platform provides participants with modern payment solutions that comply with international standards, principles and international compliance requirements. The platform contributes to enhancing opportunities for economic and financial integration in the Arab region and supporting investment links with the trading partners of Arab countries on various continents.
 
It is mentioned that the platform is available to all banks that meet the criteria and conditions for participation in it, in the forefront of which are the standards and procedures for compliance aspects. 
 
His Excellency the Director General of the Chairman of the Board of Directors of the Arab Monetary Fund, Dr. Abdul Rahman bin Abdullah Al-Hamidi, expressed his gratitude for the continued support of His Excellency the Governor of the Central Bank of Bahrain to the Arab Clearing Project and his encouragement to banks operating in the Kingdom of Bahrain to join the platform. He also thanked the colleagues in the bank for their cooperation in preparing for the workshop and expediting the addition of banks in the Kingdom of Bahrain to the platform, looking forward to also completing the procedures for including the Bahraini dinar.





https://www.amf.org.ae/ar/content/%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%A8%D8%AD%D8%B1%D9%8A%D9%86-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%88%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%B8%D9%85%D8%A7%D9%86-%D9%88%D8%B1%D8%B4%D8%A9-%D8%B9%D9%85%D9%84-%D9%84%D8%A5%D9%84%D8%AD%D8%A7%D9%82-%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D9%84%D8%A9-%D9%81%D9%8A-%D9%85%D9%85%D9%84%D9%83%D8%A9
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THE ARAB MONETARY FUND DISCUSSES THE USE OF CAPITAL AND LIQUIDITY MARGINS IF THE CORONA CRISIS CONTINUES Empty THE ARAB MONETARY FUND ORGANIZES THE FIFTH 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 Jul 01, 2020 11:43 am

THE ARAB MONETARY FUND ORGANIZES THE FIFTH 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
2020-06-30





THE ARAB MONETARY FUND DISCUSSES THE USE OF CAPITAL AND LIQUIDITY MARGINS IF THE CORONA CRISIS CONTINUES Logo-ar










Tuesday, June 30, 2020

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

The meeting discusses:

Ways to use the capital and liquidity margins in case the crisis extends to the end of the year

               Means of intervention by central banks to enhance financial stability until the end of the year

The options available if the crisis continues beyond the end of this year

Assessing systemic risks that may threaten financial stability

Evaluating credit risks, operational risks, and market risks in the current and future stages

 

On the afternoon of Tuesday, June 30, 2020, the Arab Monetary Fund is organizing the fifth (extraordinary) virtual meeting to discuss the implications of the Corona virus on financial stability, banking supervision and credit information.
 

The directors of financial stability and banking supervision and credit information departments 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, the World Bank, the Bank for International Settlements, the Financial Stability Institute, the Basel Committee for Banking Supervision, the International Federation of Deposit Insurance Institutions, the International Federation of Insurance Supervision Authorities, the Bank of England and the Bank of the Netherlands also attend.
 

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 capital and liquidity instruments.



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 evaluation of credit and operational risks and market risks in the current and next stages.



     The meeting will hear presentations from the World Bank, the Bank for International Settlements, the Institute for Financial Stability, the Basel Committee for Banking Supervision, the Bank of England and the Bank of the Netherlands, on the latest developments related to the implications of the Corona virus on the elements of financial stability, and aspects of banking supervision.
 

In this context, His Excellency the Director General of the Chairman of the Arab Monetary Fund pointed out that the continuation of these extraordinary meetings comes to confirm that maintaining financial stability in the Arab countries is one of the priorities of the central banks and Arab monetary institutions, given the close financial stability linked to economic 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 hopes to save our dear Arab countries and the world from this epidemic, and to quickly overcome the repercussions of this crisis.






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THE ARAB MONETARY FUND DISCUSSES THE USE OF CAPITAL AND LIQUIDITY MARGINS IF THE CORONA CRISIS CONTINUES Empty A STUDY ON "THE ECONOMIC GROWTH RESPONSE TO THE DEVELOPMENT OF THE FINANCIAL SECTOR IN THE ARAB COUNTRIES"

Post by claud39 on Thu Jul 02, 2020 11:56 am

A STUDY ON "THE ECONOMIC GROWTH RESPONSE TO THE DEVELOPMENT OF THE FINANCIAL SECTOR IN THE ARAB COUNTRIES"






-02/07/2020





THE ARAB MONETARY FUND DISCUSSES THE USE OF CAPITAL AND LIQUIDITY MARGINS IF THE CORONA CRISIS CONTINUES %D8%AF%D8%B1%D8%A7%D8%B3%D8%A9-%D8%AD%D9%88%D9%84-%C2%AB%D8%A7%D8%B3%D8%AA%D8%AC%D8%A7%D8%A8%D8%A9-%D8%A7%D9%84%D9%86%D9%85%D9%88-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%84%D8%AA%D8%B7%D9%88%D8%B1-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9%C2%BB








In the context of the efforts made by the Arab Monetary Fund in the field of studies and research activity in order to support the financial authorities in the Arab countries in priority issues for the development of the financial sector, the Fund prepared within the framework of the "Series of Financial Sector Development Studies" a study on "the economic growth response to the development of the financial sector in the countries Arabia », the study aims to enhance understanding of the relationship between the development of the financial sector and economic growth in the Arab region using indicators of financial development.




 Specifically, the study focused on the nature and extent of the relationship between the financial sector and economic growth in Arab countries in the short and long term.




In view of the important role that the financial sector plays in promoting economic growth, most Arab countries have paid special attention to its development through the issuance of many regulatory and supervisory legislations to further activate its role in the economy.




 The literature lists the relationship between the development of the financial sector and economic growth in some Arab countries, with no clear consensus on how economic growth responds to changes in the financial sector due to the heterogeneity in economies and the degree of development of the financial sector and how to measure it.




 The results showed that the economic growth responds positively to the changes in the financial sector in some Arab economies, with varying the size of the response between countries and according to the indicator used to measure the development of the financial sector.




In this context, policymakers can develop the financial sector by easing restrictions on credit provided, and promoting effective oversight of the financial sector by issuing appropriate legislation and adopting financial liberalization policies. 




Resources must also be managed effectively to address the financial sector imbalance in order to activate its role in the national economy. Moreover, the financial authorities can develop strategies and plans to strengthen the financial sector in order to overcome the challenges preventing economic growth in the Arab region.










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