THE ARAB MONETARY FUND ORGANIZES THE THIRTEENTH REMOTE MEETING OF THE FINANCIAL STABILITY WORKING GROUP IN THE ARAB COUNTRIES
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
THE ARAB MONETARY FUND ORGANIZES THE THIRTEENTH REMOTE MEETING OF THE FINANCIAL STABILITY WORKING GROUP IN THE ARAB COUNTRIES
THE ARAB MONETARY FUND ORGANIZES THE THIRTEENTH REMOTE MEETING OF THE FINANCIAL STABILITY WORKING GROUP IN THE ARAB COUNTRIES
2021-02-03

2021-02-03

Wednesday and Thursday 3 and 4 February 2021
15:00 to 17:30 Abu Dhabi time
The team discusses:
The ideal application of the macroprudential policy
The implications of the Coronavirus for financial stability and preparation for withdrawing support in the post-crisis phase
Lessons learned for dealing with the Coronavirus crisis, and preparing for the recovery phase
Sustainable finance and stable digital currencies
The role of excess liquidity and capital surpluses in reducing the impact of crises
A framework for assessing and mitigating systemic risks related to the insurance sector
Today, Wednesday, noon, the thirteenth periodic meeting of the Financial Stability Working Group in the Arab Countries, which is held remotely due to the emerging Corona virus crisis, opened. It is noteworthy that the team emanates from the Board of Governors of Central Banks and Arab Monetary Institutions, and includes in its membership the directors of the financial stability departments of these banks and institutions, in addition to the Arab Monetary Fund, which is responsible for its technical secretariat. The team’s meeting will also be attended by representatives of regional and international institutions, including: the International Monetary Fund, the World Bank, the Financial Stability Board, the Bank for International Settlements, the Institute for Financial Stability, the Basel Committee on Banking Supervision, the International Federation of Deposit Insurance Institutions and the International Federation of Insurance Supervisory Authorities.
The team contributes to developing policies and tools related to enhancing financial stability in Arab countries, and exchanging expertise and experiences among themselves in this regard. The team’s tasks also include preparing a report on financial stability in Arab countries, preparing working papers and studies on financial stability conditions in Arab countries, in addition to contributing to enhancing awareness of financial stability issues through holding seminars and workshops and issuing relevant periodic reports.
The meeting will discuss a number of important topics that keep pace with the latest developments related to financial stability issues, including the implications of the emerging corona virus crisis on financial stability, preparation for the post-crisis withdrawal phase, lessons learned to deal with the Corona virus crisis, preparation for the recovery phase, and implications of changes Climate and natural disasters on financial stability, and the challenges of applying solution techniques to Islamic banks, in addition to discussing the latest developments related to the abandonment of reference rates LIBOR and EIBOR, and its impact on the business models of financial sectors.
The meeting topics also include discussing overall stress tests and the experiences of Arab countries in this regard, as these tests are considered important tools for risk management and measuring the ability of the banking sector to withstand potential shocks. The team will discuss the experiences of a number of Arab countries regarding the application of liquidity tools, especially the ratios of liquidity coverage and net stable financing. The work program also includes many new topics related to financial stability issues in Arab countries, such as stable digital currencies, the role of capital and liquidity surpluses in enhancing the strength of financial centers in periods of stress, non-banking financial sector risks, and a framework for assessing and mitigating risks related to the insurance sector.
The meeting will also discuss a number of working papers, including: the role of macro-prudential policy in periods of financial stress, and the impact of climate change on financial stability. In addition to a working paper on the basic principles of deposit insurance institutions in Islamic banks. Discussions also include preparations for the 2021 Financial Stability Report in the Arab Countries.
Finally, the team will listen to a presentation from the Financial Stability Board on the latest developments related to the activities of the Council, especially the two topics of the repercussions of the Corona virus and the effects of the abandonment of reference interest rates. In addition to listening to another presentation from the Basel Committee on Banking Supervision on the latest developments related to the committee's activities.
On this occasion, His Excellency the Director General, Chairman of the Board of Directors of the Arab Monetary Fund, Dr. Abdulrahman bin Abdullah Al-Hamidi, referred to the great and increasing importance of issues related to financial stability, as maintaining financial stability in Arab countries has become a priority for central banks and Arab monetary institutions. His Excellency welcomed the important topics discussed by the team, which are in line with the priorities of Arab countries, expressing his happiness with the development witnessed in the Financial Stability Report and looking forward to the next year's report. His Excellency also stressed the increasing interest shown by their Excellencies, governors of central banks and Arab monetary institutions, to the team’s work and the prominent role it plays in terms of exchanging experiences and expertise between Arab countries with regard to this important topic.
It should be noted that the Arab Monetary Fund, within the framework of its role as the technical secretariat of the Board of Governors of Central Banks and Arab Monetary Institutions, is the team's secretariat. The fund’s tasks in this regard are based on preparing the agenda, contributing to studies and reports prepared by the committee, and following up on the team’s recommendations.
claud39- VIP NewsHound
- Posts : 18425
Join date : 2018-11-04

» THE ARAB MONETARY FUND ORGANIZES THE TWELFTH REMOTE MEETING OF THE FINANCIAL STABILITY WORKING GROUP IN THE ARAB COUNTRIES
» THE ARAB MONETARY FUND ORGANIZES THE TWELFTH REMOTE MEETING OF THE FINANCIAL STABILITY WORKING GROUP IN THE ARAB COUNTRIES
» THE ARAB MONETARY FUND ORGANIZES MEETING OF THE REGIONAL WORKING GROUP TO PROMOTE FINANCIAL INCLUSION IN THE ARAB COUNTRIES
» ARAB MONETARY FUND (AMF) ORGANIZES THE 17TH MEETING OF THE REGIONAL WORKING GROUP TO PROMOTE FINANCIAL INCLUSION IN THE ARAB COUNTRIES
» THE ARAB MONETARY FUND ORGANIZES THE FOURTH MEETING OF THE WORKING GROUP OF MODERN FINANCIAL TECHNOLOGIES IN THE ARAB COUNTRIES "REMOTELY"
» THE ARAB MONETARY FUND ORGANIZES THE TWELFTH REMOTE MEETING OF THE FINANCIAL STABILITY WORKING GROUP IN THE ARAB COUNTRIES
» THE ARAB MONETARY FUND ORGANIZES MEETING OF THE REGIONAL WORKING GROUP TO PROMOTE FINANCIAL INCLUSION IN THE ARAB COUNTRIES
» ARAB MONETARY FUND (AMF) ORGANIZES THE 17TH MEETING OF THE REGIONAL WORKING GROUP TO PROMOTE FINANCIAL INCLUSION IN THE ARAB COUNTRIES
» THE ARAB MONETARY FUND ORGANIZES THE FOURTH MEETING OF THE WORKING GROUP OF MODERN FINANCIAL TECHNOLOGIES IN THE ARAB COUNTRIES "REMOTELY"
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Introduce myself
» New Hands
» a quickie
» My name is Tiger.
» Phony Tony and the Lying Game
» Planetary liberation alliance scores major victories as Biden Horror show taken over
» What if the real truth about the Fox News/Dominion/Carson, etc. situation is something totally different?
» The Central Bank supports the international "Buna" platform with $50 million
» Whats on the Menu at the Renfrow Diner?
» DINAR IRAQ AND DONG VIETNAM UPDATE 4/19/23
» Word by Tucker Carlson
» Now Tucker can say what he really believes in about our controllers.
» Tony serves up another Nothing Burger
» Central Bank: Available cash is not available and we have a plan to attract money
» Guru MarkZ 4/20/23 am
» Guru MountainGoat 4/20/23
» Guru Sandy Ingram 4/20/23
» Guru Judy 4/20/23
» Guru Bruce Dingleberry 4/19/23
» Predictable Tony yet again
» Guru MarkZ 4/10/23 am
» Guru Nader 4/11/23
» Guru MilitiaMan 4/11/23
» Guru Judy 4/11/23
» Guru Frank26 4/10/23
» Guru Wolverine 4/7/23
» Guru Sandy Ingram 4/7/23
» Guru Nader 4/7/23
» Gurus Frank26 & Firefly 4/7/23
» Guru Bruce Dingleberry 4/7/23
» Guru MarkZ 4/7/23 am
» Happy April FOOL'S Day from Fake Okie 4/1/23
» DINAR IRAQ AND DONG VIETNAM UPDATE 4/3/23
» Guru MarkZ 4/3/23 am
» Guru Nader 4/3/23
» Guru Breitling 4/3/23
» Bank Story #425
» Guru Judy 4/3/23
» Guru Sandy Ingram 4/2/23