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WITHIN THE FRAMEWORK OF THE GROUP OF TWENTY PRIORITIES, THE ARAB MONETARY FUND, IN COOPERATION WITH THE WORLD BANK GROUP, THE INTERNATIONAL COMMITTEE FOR PAYMENT SYSTEMS AND THE FINANCIAL INFRASTRUCTURE OF THE BANK FOR INTERNATIONAL SETTLEMENTS AND THE FI DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

WITHIN THE FRAMEWORK OF THE GROUP OF TWENTY PRIORITIES, THE ARAB MONETARY FUND, IN COOPERATION WITH THE WORLD BANK GROUP, THE INTERNATIONAL COMMITTEE FOR PAYMENT SYSTEMS AND THE FINANCIAL INFRASTRUCTURE OF THE BANK FOR INTERNATIONAL SETTLEMENTS AND THE FI

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WITHIN THE FRAMEWORK OF THE GROUP OF TWENTY PRIORITIES, THE ARAB MONETARY FUND, IN COOPERATION WITH THE WORLD BANK GROUP, THE INTERNATIONAL COMMITTEE FOR PAYMENT SYSTEMS AND THE FINANCIAL INFRASTRUCTURE OF THE BANK FOR INTERNATIONAL SETTLEMENTS AND THE FI Empty WITHIN THE FRAMEWORK OF THE GROUP OF TWENTY PRIORITIES, THE ARAB MONETARY FUND, IN COOPERATION WITH THE WORLD BANK GROUP, THE INTERNATIONAL COMMITTEE FOR PAYMENT SYSTEMS AND THE FINANCIAL INFRASTRUCTURE OF THE BANK FOR INTERNATIONAL SETTLEMENTS AND THE FI

Post by claud39 on Tue Oct 27, 2020 1:08 pm

WITHIN THE FRAMEWORK OF THE GROUP OF TWENTY PRIORITIES, THE ARAB MONETARY FUND, IN COOPERATION WITH THE WORLD BANK GROUP, THE INTERNATIONAL COMMITTEE FOR PAYMENT SYSTEMS AND THE FINANCIAL INFRASTRUCTURE OF THE BANK FOR INTERNATIONAL SETTLEMENTS AND THE FINANCIAL STABILITY BOARD, IS ORGANIZING A HIGH-LEVEL WORKSHOP ON "PROMOTING CROSS-BORDER PAYMENTS: A OUTLOOK."


2020-10-26





WITHIN THE FRAMEWORK OF THE GROUP OF TWENTY PRIORITIES, THE ARAB MONETARY FUND, IN COOPERATION WITH THE WORLD BANK GROUP, THE INTERNATIONAL COMMITTEE FOR PAYMENT SYSTEMS AND THE FINANCIAL INFRASTRUCTURE OF THE BANK FOR INTERNATIONAL SETTLEMENTS AND THE FI Logo-ar








High Level Workshop on "Enhancing Cross-Border Payments: A Outlook"

The importance of cross-border payments and their role in supporting trade, sustainable development and financial inclusion

The roadmap for the G20 in terms of cross-border payment arrangements and safety of remittances

The compatibility of the "Bani" Arab payments platform with the trends of the G20

Introducing the platform's innovative services and their importance in supporting the efficiency of financial transactions

 



Today, Monday, October 26, 2020, a high-level "remote" workshop on Enhancing Cross-Border Payments: A Outlook " is being held, organized by the Arab Monetary Fund in cooperation with the World Bank Group, the International Committee for Payment Systems and the Financial Infrastructure of the Bank for International Settlements and the Financial Stability Board .

 

Organizing the workshop comes within the efforts of the G20 within the framework of the Kingdom of Saudi Arabia's presidency of the group, calling for the development of the cross-border payments system. In this context, the workshop will discuss the latest developments and recent trends in the field of payment systems and financial infrastructure, in terms of cross-border payment arrangements and the safety and speed of financial transfers in light of the emerging Corona virus crisis, as the Financial Stability Board and the International Committee for Payment Systems and Financial Infrastructure worked to prepare a report It represents a road map to achieve the desired development In this context, the workshop will discuss the roadmap issued by the G20 in this regard.

 

The workshop also deals with the latest developments in the services of the "Bani" platform for Arab payments of the Regional Establishment for Arab Clearing and Settlement of Payments, related to utilizing the innovative services provided by the platform to the financial and banking sector in Arab countries. The workshop introduces the capabilities of the enhanced "Bani" platform to ensure that its operations comply with the principles. And the relevant international standards, foremost of which are standards related to combating money laundering and terrorist financing operations, in addition to compliance with regulations for the currencies used on the platform.

 

 

The workshop, which was inaugurated by His Excellency Dr. Abdul Rahman bin Abdullah Al Hamidi, Director General, Chairman of the Board of Directors of the Arab Monetary Fund, and Mr. Jon Cunliffe  ( Deputy Governor of the Bank of England, Chairman of the International Committee for Payment Systems and Financial Infrastructure, will participate in a large number of senior officials in Arab and international central banks and market institutions. In addition, representatives of more than 150 Arab and international financial and banking institutions, companies and providers of modern financial technology services in the field of payment systems will participate in the workshop.

 

On this occasion, His Excellency the Director General and Chairman of the Board of Directors of the Arab Monetary Fund, Dr. Abdulrahman bin Abdullah Al-Hamidi, referred to the importance of enhancing the safety and efficiency of financial transactions and the flow of payments and transfers, noting the efforts of the G20 and the priorities of the Saudi Presidency of the Group in this context.




 His Excellency also expressed his happiness with the wide participation of relevant regional and international institutions, which reflects the importance of the current issues. His Excellency also noted the existing cooperation with the International Committee for Payment Systems and the financial infrastructure in developing payment systems. Finally, His Excellency praised the services of the "Bani" platform, which constitutes a great opportunity to develop the payment and settlement system in the Arab region and to enhance regional financial integration and linkage with the global financial system.







https://www.amf.org.ae/ar/content/%D9%81%D9%8A-%D8%A5%D8%B7%D8%A7%D8%B1-%D8%A3%D9%88%D9%84%D9%88%D9%8A%D8%A7%D8%AA-%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-%D8%A7%D9%84%D8%B9%D8%B4%D8%B1%D9%8A%D9%86-%D9%8A%D9%86%D8%B8%D9%85-%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-%D8%A8%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D8%B9-%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A
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