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Effective Compliance in Fiscal Risk Management

Posted Jul 7, 2014 by madhavifg
Risk Management in Financial Services will elaborate on examining the latest Anti Money Laundering trends & Indicators.

FOR IMMEDIATE RELEASE (Press Release) Jul 7, 2014 -- As technological changes are ever effecting the fiscal industry, operating modifications and patterns in work functions are continually being changed. As complexities increase in understanding, implementation process of the changing work functions, there lies scope of increased risk options. Owing to these complexities arises the scope of internal risk due to the widespread reach across geographies, product classes, segments and functional departments.

Proper risk management methods and models must be executed which should also be changing along with the change in operating functions. This requires establishing risk management function from scratch, managing “Reluctance to Change” among employees, implementation of Basel requirements; identifying and eradicating any challenges and obstacles.
Hesham Hamdy, Chief Risk Officer - Arab International Bank- Egypt, will elaborate in details the operational issues pertaining to Establishing risk management function in Middle East Region, at the Risk Management in Financial Services conference.

Taking place on the 7 - 8th of September 2014, The Diplomat Radisson Blu Hotel, Manama – Bahrain, aim to provide a clear understanding of the region’s risk management initiatives pertaining to the financial sector.

Banks operate in an extremely rapid and volatile work culture, where work functions are increasingly changing to cope with the competitive global markets. The ability to manage risk indeed becomes very challenging for the senior management which needs to be addressed at an organizational level so that a structured model is ready to cope with any possible or speculated threat.

Dr. Mohammed Belgami, Head of Credit and Risk Management - Bahrain Islamic Bank, in a dedicated session, will share detailed knowledge on counter party credit risk. In an exclusive session titled Examining the Latest AML trends & Indicators, Deepa Chandrasekhar, Senior Vice President, Chief Compliance Officer - United Gulf Bank will focus on new types of Money Laundering: Bitcoin, mobile banking, football clubs and other digital games. New trends and indicators or
money laundering and terrorist financing in the Middle East & North Africa Region, will also be featured in this session.

Its very crucial to understand the effectiveness of compliance models that are operating for risk elimination. Understanding the challenges involved in promoting compliance is very important. Analysing if the new news are effective, drawing a comparison between the Middle East and global market, and evaluating the pitfalls and being ready with a strategy to face them are all crucial BV Balaji, Chief Risk Officer - Citibank will enlighten the participants on such issues related to compliance management in his presentation.

Along with the sponsors, Loxon ( Associate Sponsor) and Finesse ( Exhibitor), this conference will be joined by participants from Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Liquidity Management Center, Al Rajhi Bank, Kuwait Finance House, Doha Bank, Abu Dhabi Commercial Bank, Emirates NBD Bank, National Bank of Fujairah, Gulf One Investment Bank B.S.C (c), Bank Nizwa, Alubaf Arab International Bank, Warba Bank, BMI Bank and many more.
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Contact Email :
Issued By : Fleming Gulf
Phone : +971 46091570
Business Address : Fleming Gulf Dubai Airport Free Zone P.O. Box 54772 Dubai, U.A.E.
Country : Bahrain
Categories : Finance
Tags : Arab International Bank, Bahrain Islamic Bank, United Gulf Bank, Citibank, Finesse, Loxon, AAOIFI, Liquidity Management Center
Last Updated : Jul 7, 2014

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