The Arab Monetary Fund (AMF) today opened the 45th meeting of the Arab Committee on Banking Supervision, a committee operating under the Council of Arab Central Bank Governors and comprising senior banking supervision officials from across the Arab region. Representatives from the Basel Committee on Banking Supervision and the Financial Stability Institute are also participating in the meeting.
The sessions address key supervisory priorities, including the implementation of Basel capital adequacy standards, the modernization of regulatory and supervisory methodologies, and the alignment of banking legislation and accounting frameworks in Arab countries with international practices. Discussions also focus on enhancing coordination and knowledge-sharing across supervisory authorities, as well as strengthening capacity-building and technical assistance programs for member states.
In his opening remarks, H.E. Dr. Fahad M. Alturki, Director General Chairman of the Board of the AMF, highlighted the significance of the committee’s work as a platform for examining emerging regulatory and supervisory issues. He commended the efforts of Arab central banks in reinforcing the soundness of the financial and banking sector and advancing prudential frameworks aligned with global standards. H.E. Dr. Alturki emphasized that continuous development of supervisory tools and regulatory policies is essential to preserving financial stability and strengthening confidence in Arab banking systems. He also underscored the committee’s vital role in facilitating the exchange of experiences between countries, promoting convergence of supervisory practices, and deepening cooperation with relevant regional and international institutions to support the ongoing advancement of banking supervision in the Arab region.