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18 January 2014

ADCB Supports the Asian Banker GCC Forum on Bank Resilience

Abu Dhabi, 18 January 2014: Abu Dhabi Commercial Bank “ADCB” and The Asian Banker have partnered together to organize “The Asian Banker GCC Forum on Bank Resilience” held on Thursday 16 January, 2014 at the St. Regis Abu Dhabi.

The main objective of this international risk forum was to get an insightful international view of the current global developments in risk regulations and framework, building a competitive and sustainable banking landscape and contextualizing them for the GCC region.

Abdul Shakeel, Head - Consumer Risk Management at ADCB, who was amongst the panellists said: “ADCB is proud to sponsor this strategic event and partner with The Asian Banker to bring the international risk forum of such quality and depth to the UAE. We are thankful to all leading heads of risk and compliance in the GCC banking community for their presence and support to make this forum another overwhelming success. The expertise of the senior officials from international regulatory bodies presiding in this forum on banking risk resilience will help contextualize a robust risk framework destination for banks and financial institutions in GCC.”

William Isaac, former chairman of the Federal Deposit Insurance Corporation and chairman of the GCC International Advisory Group on Bank Risk and Resilience said: “The stabilization of 2013 has set a good foundation for stronger growth for the region's banks. I commend GCC banks for demonstrating long-term vision in continuing to transform their risk management capabilities. I look forward to this annual meeting playing a useful role in the transformation in three ways; by articulating a GCC-wide industry response to current global and regional risk concerns; by addressing lingering structural inefficiencies that are a drag on achieving quality banking growth, and by disseminating world class thought leadership on new areas such as stress-testing.”

The forum provided an opportunity for risk heads from major GCC banks to assemble and share their perspective on the risk landscape surrounding current markets and how to keep pace with its ever changing dynamics.

The event was presided over by very senior delegates from global and local regulatory authorities. The Heads of risk, strategy and business from the major GCC and international banks as well as financial institutions were invited to attend this high level closed door dialogue. The advisory panel was specifically put together in order to share their own rich experiences and the issues emanating from their respective jurisdictions and at the same time, to advise the GCC banking industry on shaping its own response.

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