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The UAE Banks Federation (UBF) has unveiled full speaker line-up and program agenda of the “Regulatory Compliance in a Changing World” forum set to be held on 27 June in Abu Dhabi, UAE. World-class speakers and acclaimed industry experts will lead thought-provoking panels and sessions to explore the recent developments in regulation and compliance, key regulatory concerns, effective ways to deal with financial crimes, as well as how technology can support regulatory implementation at the forum.
Organized by UBF’s Compliance Committee in association with Al-Iktissad-Wal-Aamal Co., a leading event organizer in the region, the forum will feature four stimulating panel discussions, a live stage interview, a presentation as well as networking sessions. The one-day conference will see participation from the Central Bank of the UAE, leading banks, financial services fintech companies and legal, rating and consultancy firms.
“In a world where new technologies continue to disrupt every aspect of economies, the banking industry is faced with a number of challenges pertaining to regulation and compliance. While technological advancement brings with them opportunities, risk landscape continues to expand alongside, posing threat to a safe and robust banking system. Given these critical developments, UBF’s first-ever conference on regulatory compliance is attracting the attention of different players in the banking and financial services industry. We are excited with the strong response received from delegates across the region and looking forward to a successful forum” said HE AbdulAziz Al Ghurair, Chairman of UAE Banks Federation.
The conference will feature a welcome speech by Hanan Mansour, Chairperson of UBF compliance committee, and Head of Compliance, FAB, followed by a panel discussion, themed ‘Financial Crime Trends and FATF Role in Preventing Criminal Abuse of the Financial System’ will review financial crimes reported in 2017 and examine the role of the Financial Action Task Force (FATF) in combatting financial crimes. Michael Dawson, Managing Director and CEO, Promontory Asia, Promontory Financial Group, USA, and other key speakers will shed light on the internationally-endorsed global standards against money laundering, terrorist financing and the financing of proliferation. In addition, the panel will highlight the growing importance of strengthening measures to tackle money laundering and terrorist financing and the need for continuous assessments and mutual evaluations.
A live stage interview titled ‘Living in the age of De-Risking,' will follow the first panel. The interview will explore global financial institutions’ perspectives on de-risking and the impact of de-risking on the region’s banking industry.
Speaking at the second panel, titled ‘Aligning Local Regulatory Frameworks with the Global Regulations,’ James Obrien, Head of Regulatory Development, Central Bank of the UAE; and Waheed Rathore, Chief Compliance Officer, ADCB, among other key international speakers, will offer their insights on governments’ role in creating the regulatory framework and the strategic impact of global regulation. The panel will also discuss the pioneering regulatory landscape in the UAE and its effects on the region’s banking sector.
Third panel discussion, titled ‘Trust, KYC and Compliance in the Blockchain and Cryptocurrency Era’ will feature Victor Matafonov, Chief Compliance Officer, Emirates NBD; Thomas Hirschi, Executive Director Regulatory Authority, ADGM; and Ayman Ajaj, Chief Information Officer, BNP Paribas MEA, among other speakers from the region, who will explore regulatory developments, challenges and risks followed the advent of digitization in the banking sector. The panel will also shine a light a light on opportunities as well as regulatory challenges and risks presented by rising trend of cryptocurrencies, and industry developments concerning blockchain.
Another panel will discuss how the regtech and fintech revolution is forcing changes in regulation and compliance in the banking industry and how public-private partnership helped in the establishment of anti-money laundering (AML) counter-terrorism financing (CTF) Intelligence Sharing Platform in the UAE. The seasoned speakers will also examine how machine learning is changing the future of compliance, fraud detection, and risk assessments. In addition, the panel will also put the spotlight on the ever-evolving risk of cyber attacks and data manipulation.
The forum will conclude with a presentation on ‘Conduct Business in Banks’ by Bassant Khalil, Regional and UAE Head of Regulatory Compliance, HSBC. Who will share his well-researched insights on conduct risk, and highlight the effective ways to identify, monitor, report and manage conduct risk, and how banks and financial services institutions can design and implement system and control to mitigate conduct risk.
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About UAE Banks Federation:
Established in 1982, the UAE Banks Federation is a professional representative body comprising 50-member banks operating in the UAE. The Federation advocates all banks' interests, and enhances cooperation and coordination among them, in order to promote and upgrade the UAE's banking industry for the benefit of the banking sector, its customers, and the national economy.
The UAE Banks Federation's mission and objectives are focused on representing its member banks and defending their interests and rights. The federation provides a platform for cooperation and exchange of ideas and opinions among member banks and plays a major role in raising public awareness around the beneficial role and distinctive financial, economic and social contribution of the banks to the UAE.
The Federation has an Advisory Council consisting of 28 Bank CEOs which oversees the implementation of the policies, follows up on UBF's activities and makes necessary decisions, and 20 specialized technical committees who discuss all relevant banking issues.
Media contact:
UAE Banks Federation
Emad Al Ghadban
Head - Public Relations & Communications
Phone: +971 2446 7706
E-mail: emad@uaebf.ae
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