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THE ANNUAL FORUM FOR CHIEF RISK OFFICERS (CROS) IN ARAB BANKS 6TH EDITION

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THE ANNUAL FORUM FOR CHIEF RISK OFFICERS (CROS) IN ARAB BANKS 6TH EDITION

4 – 6 OCTOBER 2024 SAVOY HOTEL SHARM EL SHEIKH – EGYPT

Background:

The ongoing conflicts in the Eastern Mediterranean for nearly a year are threatening stability in the region. Additionally, the ongoing war between Russia and Ukraine, followed by the financial and monetary pressures that Egypt faced at the beginning of this year such as the wave of foreign currency withdrawals from the banking sector, the high interest rates, and inflation, and the depreciation of the Egyptian pound exchange rates, have all contributed to significant negative impacts and severe repercussions on the Egyptian economy. These developments have led to increased risk levels in Egyptian banks, exacerbated by liquidity shortages, rising sovereign debt risks, and risks related to debt portfolios due to the downgrade of Egypt’s credit rating. However, the Egyptian government has managed to regain control over the monetary, financial, and economic situation through a series of reform measures supported by financial aid from international institutions and some Arab countries.

Agenda
Registration Form
Presentations

20

Speakers

3

Days

165

Attendance

Background

The ongoing conflicts in the Eastern Mediterranean for nearly a year are threatening stability in the region. Additionally, the ongoing war between Russia and Ukraine, followed by the financial and monetary pressures that Egypt faced at the beginning of this year such as the wave of foreign currency withdrawals from the banking sector, the high interest rates, and inflation, and the depreciation of the Egyptian pound exchange rates, have all contributed to significant negative impacts and severe repercussions on the Egyptian economy. These developments have led to increased risk levels in Egyptian banks, exacerbated by liquidity shortages, rising sovereign debt risks, and risks related to debt portfolios due to the downgrade of Egypt’s credit rating. However, the Egyptian government has managed to regain control over the monetary, financial, and economic situation through a series of reform measures supported by financial aid from international institutions and some Arab countries.

In addition to the aforementioned issues, the global innovations in technology, particularly the artificial intelligence (AI) and its applications in the banking industry, along with environmental, social, and governance (ESG) considerations related to climate change, compel risk management to address these matters seriously, and cope with the associated risks, and take necessary macro prudential precautionary measures to mitigate them, so that they ensure the safety and soundness of banks.

These topics will be discussed and highlighted at this forum, which will serve as a brainstorming platform for high-level discussions between regulatory and supervisory authorities in Egypt and the Arab world, and risk management heads (CROs) in the Arab and Egyptian banks in particular.

Importance of the Forum:

The importance of this specialized professional forum, organized by the Union of Arab Banks in collaboration with the Central Bank of Egypt and the Federation of Egyptian Banks, in its sixth edition, stems from the themes and topics that will be discussed and the caliber of the participating local, Arab, and international experts. This forum will facilitate the exchange of knowledge and experience among these experts and participants, aiming to enhance the culture of modern risk management among Arab bankers and to understand the latest regulatory requirements in light of the geopolitical developments affecting the region and the risks they entail.

Target Participants:

  • Officials in banking supervision and regulatory authorities
  • Heads and senior managers of risk departments in banks (CROs)
  • Heads and senior managers of internal auditing departments in banks
  • Heads and senior managers of financial control departments in banks

Main Topics and Themes:

  • Emerging Banking Risks: Horizon Scanning
  • Challenges of sovereign debt sustainability in Egypt and how to break the link and negative reactions between banks and their sovereign debt portfolios in stressful times.
  • Bank Viability and Sustainability: Managing Uncertainty
  • Loan Quality & Provisioning Practices: Expected Loss Approach
  • Building Resilience: Strategies for Crisis Preparedness
  • Digital Risk Management, Operational Resilience &Cyber Security Risk
  • The Growing Importance of Environmental, Social, and Governance Standards (ESG) and their Impact on Risk Management.
  • Navigating Basel III endgame: Essential Risk Management adaptations

UAB Sponsors for 2024 Activities