Event serves as strategic platform to learn more about compliance risks and strengthen ties with fellow compliance professionals.
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.”
NOTE: For more information, interested enrolees can contact EIBFS at 06-5728880 (Sharjah) 02-4464666 (Abu Dhabi) and 04-6070444(Dubai)
About the Emirates Institute for Banking and Financial Studies (EIBFS)
The Emirates Institute for Banking and Financial Studies (EIBFS) is the UAE’s sole provider of specialized knowledge and enhanced learning experiences for the local banking and finance sector. Established in 1983, the institution offers a wide range of both training and academic programs that have been developed to meet the needs of the country’s banking, insurance and finance sectors. Bolstered by its vision to become a leading institution that provides world-class education and training in banking and finance at local, regional and international levels, EIBFS has also forged strategic partnership with leading international institutions abroad. With campuses located in Sharjah, Dubai and Abu Dhabi, the institution continues to remain true to its three-fold objective of raising the standard of performance of the banking workforce; qualify UAE nationals for successful careers in the industry and strengthen the country’s pool of skilled nationals.