{"id":27213,"date":"2018-07-25T12:14:41","date_gmt":"2018-07-25T12:14:41","guid":{"rendered":"https:\/\/tcit.ae\/ubf\/?p=27213"},"modified":"2022-07-30T12:16:09","modified_gmt":"2022-07-30T12:16:09","slug":"ubf-lays-groundwork-for-basel-iii-implementation-with-workshop-in-abu-dhabi","status":"publish","type":"post","link":"https:\/\/tcit.ae\/ubf\/letest-news\/ubf-lays-groundwork-for-basel-iii-implementation-with-workshop-in-abu-dhabi\/","title":{"rendered":"UBF lays groundwork for Basel III implementation with workshop in Abu Dhabi"},"content":{"rendered":"
Presented in association with Moody\u2019s Analytics, the six-hour risk management workshop focused on upcoming changes to the regulatory framework, as outlined in the Basel III accord<\/strong><\/p>\n

The UAE Banks Federation (UBF) hosted a six-hour workshop examining the key issues around the upcoming implementation of the Basel III Accord. \u00a0The event was held today (Wednesday, 25 July 2018) in Abu Dhabi, and the sessions have been arranged by the UBF Risk Management Committee (UBF-RMC) in association with Moody’s Analytics, with the aim to help the banks prepare for the roll-out of the new regulatory framework, which builds on the Basel II Accord to strengthen the regulation, supervision and risk management of the banking sector.<\/p>\n

The workshop is designed to support Heads of Risk Management (CRO) and Heads of Finance (CFO) as they prepare for the upcoming transition, in line with regulations set by the Central Bank of the UAE. Representatives from Moody\u2019s Analytics including Anand Radhakrishnan, Director \u2013 Solutions Specialists; Adam Balogh, Director – Product Management; and Nicolas Kunghehian, Director – Business Development (EMEA) delivered a series of presentations on topics surrounding the new regulations, with sessions focusing on future developments in IFRS 9, interest rate risks, and Standardized Approach to Counterparty Credit Risk (CCR) and Credit Valuation Adjustment (CVA) risk charges.<\/p>\n

Jamal Saleh, Deputy Director General, UBF, said \u201cIn line with UBF mandate and commitment to keep member banks well informed and updated on latest regulations, Today\u2019s workshop provides all participants a good opportunity to equip themselves with the knowledge required to ensure a smooth transition during the implementation of the new regulatory framework. We are pleased to welcome some of the top experts in their field to share the latest updates and participate in such an engaging and informative dialogue\u201d.<\/p>\n

Karim Mahmoud, Chairman of Risk Management Committee, UBF, and Head of Wholesale Risk Management, Mashreq Bank, said: \u201cThe UAE boasts a strong economy and banks are on course to comfortably meet the requirements of Basel III, thanks to their high Tier 1 capital levels. Today\u2019s event highlights UBF\u2019s ongoing commitment to the advancement of the UAE\u2019s banking sector and will help to build a solid foundation for long-term stability and further success.\u201d
\nBasel III is a set of international banking regulations developed by the Bank for International Settlements in order to promote stability throughout the international financial system. Initiated in response to the financial crisis of 2008-09, the measures outlined in Basel III are designed to minimize the potential for banks to damage the economy by taking on excess risk. This objective will be achieved by ensuring proper leverage ratios are maintained through the introduction of more robust minimum capital and liquidity requirements.<\/p><\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Presented in association with Moody\u2019s Analytics, the six-hour risk management workshop focused on upcoming changes to the regulatory framework, as outlined in the Basel III accord The UAE Banks Federation (UBF) hosted a six-hour workshop examining the key issues around the upcoming implementation of the Basel III Accord. \u00a0The event was held today (Wednesday, 25 …<\/p>\n

UBF lays groundwork for Basel III implementation with workshop in Abu Dhabi<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":27215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[31,26],"tags":[],"_links":{"self":[{"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/posts\/27213"}],"collection":[{"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/comments?post=27213"}],"version-history":[{"count":2,"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/posts\/27213\/revisions"}],"predecessor-version":[{"id":27216,"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/posts\/27213\/revisions\/27216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/media\/27215"}],"wp:attachment":[{"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/media?parent=27213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/categories?post=27213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/tags?post=27213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}