2021

UBF and SWIFT host virtual webinar on “Adoption of ISO-20022 for Cross Border Payments”

SWIFT outlined the benefits of rich data and stressed the importance of adopting new ISO-20022 messaging standards The Establishment of UAE SWIFT Training Centre under the umbrella of UBF. Abu Dhabi, 09 May, 2021:  UAE Banks Federation (UBF), in partnership with SWIFT, the leading provider of secure financial messaging services, held a virtual webinar with …

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UAE Banks Federation and its Fraud Prevention Committee arrange a “Corporate Fraud Awareness Workshop”

Abu Dhabi, 6th May, 2021: UBF arranged a knowledge-sharing workshop, with support from its Fraud Prevention Committee, where experts from UAE banking industry shared information about fraud risks that are associated with different Trade Finance categories (Import/Export letters of credit, and Guarantees) as well as tips of fraud prevention and detection. The Workshop was interactive, …

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UAE Banks Federation’s General Assembly Meeting

Abu Dhabi, 22nd March, 2020: UAE Banks Federation (UBF) held its General Assembly Meeting on March 22nd, 2021 via videoconferencing. The meeting was chaired by H.E. AbdulAziz Al-Ghurair, Chairman of UAE Banks Federation, and was attended by UBF’s Board of Directors and representatives from UBF members. During the General Assembly, members reviewed and approved the …

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UBF holds its first 2021CEO’s Advisory Council Meeting

UBF’s CEOs’ Advisory Council discusses the Nationalization Strategy in the banking sector, reveals Trust Index results for the UAE banking sector for the year 2020, celebrates “Ghaya” graduation ceremony with the Authority of Social Contribution-Ma’an, and discusses various initiatives with Central Bank of the UAE. Abu Dhabi, 17th March, 2021:  UAE Banks Federation (UBF) held …

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Dubai Financial Services Authority (DFSA), UAE Banks Federation (UBF), and ICAEW host a special briefing on IFRS-9

The Dubai Financial Services Authority (DFSA), along with UAE Banks Federation (UBF) and the Institute of Chartered Accountants in England & Wales (ICAEW) hosted a special briefing earlier today where a distinguished panel explored the impact of COVID-19 on reporting and auditing for Expected Credit Losses (ECL) under IFRS-9. The special briefing included an exclusive …

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UAE Banks Federation Organizes RaCE Cybersecurity Webinar on the 3rd and 4th of February 2021

Abu Dhabi, Feb 2021: UAE Banks Federation, in cooperation with Al-Iktissad Wal-Aamal Co., is organizing RaCE Cybersecurity webinar on the 3rd and 4th of February 2021. RaCE will host global and regional cybersecurity, Information Technology, and Risk management experts, including the Chief Information Security Officer at the Federal Reserve in New York, David Cass, and a …

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UAE banks participate in first-of-its-kind national cyber war gaming exercise to boost cyber resilience capabilities of the sector

Abu Dhabi, UAE; 31 January, 2021: In a first-of-its-kind exercise in the UAE, Central Bank of the UAE (CBUAE), and UAE Banks Federation (UBF), in collaboration with KPMG Lower Gulf conducted a cyber war gaming exercise, a simulation drill designed to test the UAE banking sector’s cyber resilience, as well as strengthen its capability to deal …

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