EIBFS holds compliance workshop in Abu Dhabi
Event serves as strategic platform to learn more about compliance risks and strengthen ties with fellow compliance professionals
November 21, 2012
The
Emirates Institute for Banking and Financial Studies (EIBFS), the sole
provider of specialized knowledge and enhanced learning experiences for
the UAE banking and financial sector, successfully organized a special
compliance workshop for banking professionals in the UAE capital at the
EIBFS campus in Abu Dhabi. The event served as a strategic platform for
members of the UAE banking community to share experiences and knowledge
in managing compliance risks while at the same time reinforce ties
between fellow compliance professionals.
The event was highlighted by key speeches and presentations made by leading compliance experts that included;
Kenneth Lobo,
Head of Regulatory Compliance and Monitoring-Group Compliance, Dubai
Islamic Bank (Developing an Effective Regulatory Compliance Program)
Columcille O’Donnell, Head of Group Compliance-Compliance Division, National Bank of Abu Dhabi (Foreign Account Tax Compliance Act)
Umair Hameed,
Assistant Director for the Financial Services Industry, Deloitte
Corporate Finance Limited (The impact of increased regulations on the
financial services sector)
The
specialized workshop also included a panel discussion where
participants and speakers were able to interact and discuss timely
issues and challenges in compliance across the UAE banking scene.
“The
Middle East region’s financial markets, particularly in the UAE, have
witnessed the emergence of more rigorous regulatory scrutiny, which in
turn has resulted in a stronger concentration on compliance,” said Essa Al Zaabi, Deputy General Manager, EIBFS.
“The workshop aimed at addressing the key challenges presented in
compliance, which is marked by our call for a more vigilant compliance
function that can eventually create a more effective and sound system of
control. We would like to express our appreciation at the participants
who attended and the compliance experts who shared their knowledge with
us. True enough, the event demonstrates our steadfast commitment towards
providing the banking and finance segment with strategic and relevant
training programs and courses.”
