BACKGOUND:
The global economy is facing significant challenges due to geopolitical developments in Europe since early 2022, accompanied by military conflicts that disrupt supply chains, particularly in raw materials like petroleum derivatives and wheat. This has led to inflationary effects, liquidity shortages, and financial market uncertainty. Banks worldwide have faced bankruptcy, and banking risks have increased, necessitating caution and risk management measures. Arab banks are not immune to these developments, and efforts are needed to minimize their negative impact and avoid bankruptcy.
Rapid digital transformation and climate change also carry risks, necessitating the establishment of necessary frameworks to cope with and mitigate their consequences.
This forum, will shed light on all of these issues and establish a common framework for approaching them.
OBJECTIVES:
This conference, which has become an advanced brainstorming platform and a meeting point for senior officials in banking supervision authorities and chief risk officers (CROS) in Arab banks, aims to:
– Exchange knowledge and expertise among officials in regulatory authorities and CROS in Arab banks.
– Familiarize participants with the latest amendments to the Basel Committee’s banking supervision recommendations in the field of risk management in light of recent global events.
– Gain insights into the latest European and global experiences in risk management to cope with the recent geopolitical developments.
– Understanding of best practices in managing nonclimate and environmental risks, as well as social responsibility (ESG), and risks arising from digital transformation.
