|09 December, 2019

Gulf Debt Capital Market Summit highlights advances in FinTech and sustainable finance

The Gulf Bond and Sukuk Association's Debt Capital Market Summit highlighted how blockchain and sustainable finance are injecting new energy into markets

Gulf Debt Capital Market Summit highlights advances in FinTech and sustainable finance

Gulf market regulators reiterated that they are pro-actively adapting to momentum in advances in financial technology (FinTech), sustainable finance and financing for SMEs.

The assurances were provided at the Regional Debt Capital Market Summit in Dubai on Monday, November 25 hosted by The Gulf Bond and Sukuk Association (GBSA), the trade association representing the Arabian Gulf’s fixed income market. The Summit attracted industry leaders and government officials, at a time when it is widely expected that the regional debt market will break all previous records for issuance volume.

A panel of senior regulators discussed how FinTech tools can be applied to regulation and supervision, and considered the prospects for introduction of new tech-based financial products. Lively panels debated the latest in green and sustainable finance, blockchain applications, and the outlook for funding and credit in 2020.

The Islamic Development Bank used the occasion of the Summit to announce the launch of “Cash Waqf Sukuk”, an innovative tool to raise funds globally for funding poverty alleviation projects. Meanwhile, the Arab Monetary Fund announced “Bunia”, a new payment platform under development for Arab countries.

Andy Cairns, Group Head of Corporate Finance, First Abu Dhabi Bank and Chairman of the GBSA Regional Board of Directors, commented:

“GBSA is honored to be helping shape the agenda for regional fixed income. FinTech and ESG are key emerging trends and it is important that all capital markets participants, be they issuers, investors, intermediaries or regulators, are informed of their impact.”

GBSA’s Summit was attended by executives from leading corporate issuers, international and regional investors, market  participants, senior government officials and market regulators from Bahrain, Kuwait, Oman, Saudi Arabia and the United Arab Emirates.The event was sponsored by Platinum Partner KAMCO Investment Company; and Gold Sponsors Dentons, First Abu Dhabi Bank, Fitch Ratings, Jibrel Network, Natixis, and S&P Global Ratings; and Lanyard Sponsor Century Financial.

The Gulf Bond and Sukuk Association
The Gulf Bond and Sukuk Association (GBSA) is the regional trade association representing the Arabian Gulf bond and sukuk market. GBSA’s initiatives bring together leaders of the regional credit markets to create a collective and effective voice on the key issues affecting the industry. Member firms are leading banks, investment banks, issuers, investors, asset managers, law firms, rating agencies and service providers.

For further information please contact:
Michael P. Grifferty
President
The Gulf Bond and Sukuk Association
info@gulfbondsukuk.org  
www.gulfbondsukuk.org 

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases