Khalid Hamad, Executive Director, Banking Supervision, Central Bank of Bahrain attended a high level meeting on strengthening the financial sector supervision and current regulatory priorities for the MENA region.
Held in Abu Dhabi, the meeting was organized by the Arab Monetary Fund and the Financial Stability Institute (FSI) of the Bank for International Settlements, in collaboration with the Institute of International Finance (IIF) in Washington. It was attended by high-ranking dignitaries including Sultan Bin Nasser Al Suwaidi, Governor of the Central Bank of the UAE, Dr. Jassim Al Mannai, Director General, Chairman of Board of the Arab Monetary Fund, and Joseph Tosevski Chairman of the FSI, BIS, Switzerland.
The meeting was also attended a number of senior officials from banking supervision in the Arab central banks, officials and managers of large commercial banks, as well as the participation of the Bank for International Settlements, the Basel Committee on Banking Supervision, the European Central Bank, the UK Financial Services Authority and a number of international financial institutions.
The two-day meeting discussed current priorities in the regulation and supervision of the financial sector in the MENA region, the risks and opportunities “post-crisis”, key developments and practical implementation issues on Basel III, regulating, supervising, and resolving systemically important financial institutions, in addition to the ECB perspective on systemic and Macro prudential tools, as well as other key topics.