Experts join Emirates Institute for Banking and Financial Studies' webinar to assess regulatory impact on capital adequacy

The speakers examined the myriad steps taken by the financial sector to stem the flood of disruption unleashed by the pandemic, from a regulatory standpoint such as improving operational resilience, digitalization, re-modelling customer experiences and ensuring business continuity

  
Experts join Emirates Institute for Banking and Financial Studies' webinar to assess regulatory impact on capital adequacy

Dubai-UAE:– The Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, today hosted a webinar titled ‘Regulatory Impact on Bank Capital Adequacy’, that examined the effects of the pandemic on the financial sector and the steps implemented by the sector to overcome these challenges.

The webinar drew over 140 participants and a panel of expert speakers including Mohammed Damak, Senior Director, Sector Lead Financial Institutions, MEA, S&P Global Ratings, Sandip P Kanabar, AVP- ICAAP and Stress Test, Group Risk  Emirates NBD, Dr Hannes Keller, Assistant Director, Capital & Liquidity, Banking Supervision, Central Bank of the UAE, Darren Clarke, Chief Financial Officer, Commercial Bank of Dubai, Justin Baldacchino, Managing Director, Supervision, Dubai Financial Services Authority and Slim Ben Ali, FRM, Director, KPMG moderated the session.

The speakers examined the myriad steps taken by the financial sector to stem the flood of disruption unleashed by the pandemic, from a regulatory standpoint such as improving operational resilience, digitalization, re-modelling customer experiences and ensuring business continuity.  The attendees of the webinar concurred that banks will need to remain vigilant and prudent over the year and continue, as they have done, to extensively focus on strengthening capital, maintaining a high level of liquidity, and tracking exposures on a daily basis.

During the session, the experts praised the efforts of the UAE government in proactively addressing the concerns of the financial sector and agreed that the country’s banks will be able  to bounce back better from the pandemic owing to the strong capital buffers in place. In addition, the government’s drive to enhance regulatory frameworks around capital borrowing and lending and to enact policy around liquidity standards, are also set to pay rich dividends in post-pandemic recovery.

Speaking on the webinar, Jamal Al Jassmi, General Manager of EIBFS, said: “Our session today touched upon the critical issue of economic recovery and the role regulation plays in stabilizing the market. Our experts shared interesting insights on the regional and international capital adequacy norms and the steps taken by the financial sector to minimize disruption.”

He added: “We are happy to note that our participants from the financial services sector benefitted immensely from the session based on their feedback. As a leading training institute in the UAE, we believe that learning often happens in conversation and this webinar served as a platform to foster learning through conversation among the participants and senior practitioners helping them acquire a whole new dimension of financial knowledge focused on the regulation and capital adequacy.”

To watch a recording of the entire session, please visit https://www.youtube.com/watch?v=0K8zUipKQUo&feature=youtu.be 

-Ends-

About EIBFS

The Emirates Institute for Banking and Financial Studies (EIBFS) was founded in 1983. As a leading independent training center, it offers world-class education, training and allied services in the critical areas of banking and finance. Based in the UAE, EIBFS currently has three campuses for education and training services located in Sharjah, Abu Dhabi and Dubai. The Institute has made substantial contributions to the careers of thousands of students and working professionals in the financial services sector. EIBFS is also a strong supporter of Emiratization and has launched various initiatives that have greatly helped to promote the careers of Emiratis. All academic programs offered by EIBFS are accredited by the Commission for Academic Accreditation (CAA), Ministry of Higher Education and Scientific Research. Students who have successfully completed these programs have found productive employment at various levels in banks and financial institutions in the UAE and around the world.

For media enquiries, please contact:
Shady El Gohary
Account Director
APCO Worldwide
Mobile:   +971 55 126 6247
Email:     selgohary@apcoworldwide.com 

Susan Shoury
Senior Account Manager
APCO Worldwide
Mobile:   +971 55 9653647
Email:     sshoury@apcoworldwide.com 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

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