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THE ARAB MONETARY FUND ORGANIZES THE THIRTY-SIXTH "REMOTE" MEETING OF THE ARAB COMMITTEE FOR BANKING SUPERVISION DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

THE ARAB MONETARY FUND ORGANIZES THE THIRTY-SIXTH "REMOTE" MEETING OF THE ARAB COMMITTEE FOR BANKING SUPERVISION

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THE ARAB MONETARY FUND ORGANIZES THE THIRTY-SIXTH "REMOTE" MEETING OF THE ARAB COMMITTEE FOR BANKING SUPERVISION Empty THE ARAB MONETARY FUND ORGANIZES THE THIRTY-SIXTH "REMOTE" MEETING OF THE ARAB COMMITTEE FOR BANKING SUPERVISION

Post by claud39 Thu Apr 01, 2021 6:45 pm

THE ARAB MONETARY FUND ORGANIZES THE THIRTY-SIXTH "REMOTE" MEETING OF THE ARAB COMMITTEE FOR BANKING SUPERVISION
 2021-03-31


THE ARAB MONETARY FUND ORGANIZES THE THIRTY-SIXTH "REMOTE" MEETING OF THE ARAB COMMITTEE FOR BANKING SUPERVISION Logo-ar








The committee is discussing
 
The effectiveness of the supervisory requirements of banks of domestic systemic importance in absorbing the repercussions of the Coronavirus
The risks of money laundering and financing of terrorism in light of the reliance on modern financial technologies during the Corona pandemic
Environmental risks to the customer when applying the International Financial Reporting Standard ( IFRS9 )
Evaluating the recovery plans of commercial banks during the Corona pandemic
Methods for measuring credit risk and exposures
Requirements for the transition to a risk-based control system
The application of Basel requirements in the Arab countries
Enhancing compliance in banking business
 

 
Today, Wednesday, the thirty-sixth periodic meeting of the Arab Committee for Banking Supervision, which is held "remotely", opened in light of the emerging Corona virus crisis. The meeting will be attended by directors and officials of banking supervision at central banks and Arab monetary institutions, in addition to the Arab Monetary Fund. The meeting will also be attended by representatives of the Union of Arab Banks, the Union of Arab Securities Commissions, the Financial Action Task Force for the Middle East and North Africa, as well as the Islamic Development Bank Group. Representatives from the Basel Committee on Banking Supervision, the Bank for International Settlements, the Institute for Financial Stability, the International Monetary Fund, the European Central Bank, the International Accounting Standards Board, the US Federal Bank, the Bank of England, the Central Bank of Spain, in addition to the London University of Economics, and the University will also participate in the meeting. Toronto.
 

The committee will discuss in the meeting a number of issues, the most important of which is the application of Basel requirements in the Arab countries, and the evaluation of the effectiveness of the supervisory requirements of banks of local systemic importance in absorbing the repercussions of the Corona virus, the requirements for the transition to a risk-based control system, in addition to the topic of methods for measuring exposure risks And credit concentrations. The meeting will also identify how to deal with the customer's environmental risks when applying IFRS 9, through a presentation submitted by the International Accounting Standards Board. The latest developments regarding the work of the Basel Committee on Banking Supervision will also be reviewed. The meeting will also discuss the impact of the Corona pandemic on the credit provided to the corporate sector, and learn about the impact of the Corona pandemic on the restrictions on profit distribution in banks, through offers from the Bank for International Settlements, in addition to reviewing a number of working papers presented by international central banks participating in the meeting. .
 

The meeting program also includes a review of the most prominent risks of money laundering and terrorist financing in light of reliance on modern financial technologies during the Corona pandemic, and the topic of the principles of commercial banks ’commitment, by reviewing the experience of the Saudi Central Bank in this regard. Finally, the committee discusses the experience of Bank Al-Maghrib in evaluating the recovery plans of commercial banks during the Corona pandemic.


 
It should be noted that the Arab Committee for Banking Supervision, which emanates from the Board of Governors of Central Banks and Arab Monetary Institutions, aims to achieve many purposes, including following up the application of relevant international standards and approved recommendations, coordination in banking supervision issues, exchange of experiences and experiences between Arab countries, and endeavor To update legislation, work to strengthen the role of banking supervision, and to communicate and coordinate with the Basel Committee on Banking Supervision and other regional and international financial groups, in addition to working to transfer the views of Arab countries to international forums concerned with banking supervision and financial stability issues.


 
On this occasion, His Excellency the Director General, Chairman of the Board of Directors of the Arab Monetary Fund, Dr. Abdul Rahman bin Abdullah Al-Hamidi, expressed his happiness for the continuation of the dialogue at the level of senior officials in the supervisory and supervisory authorities in the Arab countries on issues related to banking supervision, with the participation of experts from local and international financial institutions and frameworks to discuss On how to improve the supervisory and supervisory work in the Arab countries, wishing the two societies every success and success.


 
It is worth noting that the Arab Monetary Fund is responsible for the technical secretariat of the Arab Committee for Banking Supervision. His responsibilities in this context include contributing to the preparation of papers and studies for the committee, organizing workshops and conferences for senior officials in order to enhance the exchange of experiences between central banks and Arab monetary institutions, and contributing to providing technical advice to Arab countries on issues of banking supervision, in addition to communication and coordination. With regional and international institutions and frameworks concerned with banking supervision issues.






https://www.amf.org.ae/ar/content/%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%84%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D8%A7%D9%84%D8%B3%D8%A7%D8%AF%D8%B3-%D9%88%D8%A7%D9%84%D8%AB%D9%84%D8%A7%D8%AB%D9%8A%D9%86-%D8%B9%D9%86-%D8%A8%D8%B9%D8%AF-%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%84%D9%84%D8%B1%D9%82%D8%A7%D8%A8%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81%D9%8A%D8%A9
claud39
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