11 December 2016
Senior executives and industry thought leaders elected to chair key committees functioning under the UAE Banks Federation recently convened for their annual meeting at Viceroy Abu Dhabi to explore the key organization-specific and industry-wide economic prospects, initiatives and achievements of the year. The Chairpersons, who represent 17 multi-disciplinary verticals of the banking sector, also laid out their plans and priorities for 2017 as the year comes to a close.
The meeting highlighted the need for furthering coordination between the committees in a bid to collectively strengthen the banking sector. Robust banking functions that adapt to the changing times and enhanced synergy among the various disciplines would further contribute to the UAE banking sector’s long-term growth and development, the meeting concluded. The federation also extended its appreciation and recognized the Chairpersons and members for their untiring efforts and contributions throughout the year.
The UAE Banks Federation’s 17 committees cover a wide spectrum of banking verticals and divisions, including Small and Medium Enterprises (SMEs), Wholesale & Corporate, Risk Management, Consumer banking, Legal, Marketing, Islamic Banking, Financial Markets, HR practice, Digital Banking, Compliance, Wealth Management, Audit, Operations, Fraud Prevention, Information Technology and Information Security.
About UAE Banks Federation
Established in 1982, the UAE Banks Federation, a professional representative body comprising 49 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 developing and representing the interests of the member banks and defending their rights. It facilitates the exchange of banking, financial and monetary information in the regional and international fields, and coordinates cooperation around banking procedures and in the areas of legal, technical and administrative affairs. The federation 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 Bank CEOs which oversees the implementation of the policies, follows up on UBF's activities and makes necessary decisions, a steering committee and 17 specialized technical committees, covering and discussing all relevant banking issues.
UAE Banks Federation
Emad Al Ghadban
Manager, Public Relations & Communication
Phone: +971 2446 7706
© Press Release 2016