AMF Hosts Basel Consultative Group Meeting Abu Dhabi 11-12th Oct. 2017


Arab Monetary Fund (AMF) hosts October meeting of Basel Consultative Group in Abu Dhabi, the United Arab Emirates on 11-12th Oct. 2017. The meeting will be attended by high-level officials from the international central banks and supervisory authorities and the representatives of regional banking supervision committees. The Arab Monetary Fund will participate in this meeting as the technical secretariat of the Arab Committee on Banking Supervision.

The meeting will discuss many important topics in line with the Basel Consultative Group work plan for 2017 including Update on the recent work of the Colleges Working Group and home-host arrangements, Proportionality and the Basel III framework, Banking in a low-interest rate environment. Also, the meeting will address the issue of the effects of technological innovation and its implications for financial inclusion in the context of bank regulation, supervision and market oversight, as well as the expected loss provisioning in light of lessons learned from the experiences of Asia countries.

On the other hand, the meeting will include a session for exchanging countries’ regulatory experiences related to the implementation of Basel III reforms. The Arab Committee on Banking supervision will present a paper during this session on “Liquidity Risk Management in line with Basel III in the Arab Countries”. The paper highlights the efforts of the Arab Central Banks and Monetary Policy Authorities aiming at enabling the banking sector to fulfil Basel III liquidity requirements and overcoming the outstanding challenges.

In this context, H.E Dr. Abdulrahman A. Al Hamidy Director General Chairman of the Board of the Arab Monetary Fund (AMF), stressed the importance of hosting this meeting which reflects the keenness of the AMF to enhance the coordination and cooperation between the Arab Committee for Banking Supervision and all the concerned international financial institutions especially Basel Committee for Banking Supervision.