Under the auspices of Egyptian Central Bank Governor Hesham Ramez and in cooperation with the Federation of Egyptian Banks, the Union of Arab Banks is holding its conference today in Sharm El-Sheikh. Entitled ‘Prudential Regulatory Procedures and Sound Practices in Risk Management', the conference will highlight the main challenges facing Arab banks and the prudential regulatory mechanisms and procedures. It will also discuss the sound practices in risk management in accordance with the new requirements and recommendations of the Basel committee, in order to improve the ability of the Arab banking sector to face these challenges. It will also allow identifying the latest and the most important regulatory amendments after the global financial crisis. Experts from the Arab banking sector and other international organizations will shed light on the regulatory experiences in the Arab world and the best practices in risk management The event will contribute in strengthening cooperation and coordination among Arab regulatory authorities and banks and in reinforcing the role of prudential regulatory procedures in reducing systemic risk and protecting the financial stability of the region.
