World Union of Arab Bankers
The Hub of Arab Bankers...
Webinar – Live Virtual Training
COVID-19 REGULATORY AND BEST PRACTICE RELIEF MEASURES RELATED TO BASEL III, IV AND THE IFRS 9
Live Virtual Training: 15 -16 March, 2021 – 3 Hours / Day
The International Financial Reporting Standard 9 (IFRS 9) was introduced as a result of the 2008 financial crisis to make accounting for loan losses more forward-looking and to give markets better information about where Banks may be exposed to risk. The COVID-19 crisis has resulted in an extensive array of Government-backed measures to support businesses and the encouragement of payment moratoriums and interest waivers.
Regulatory authorities worldwide in general and in the region specifically are keen not to see a drastic increase in expected credit losses (ECLs) or massive staging downgrades, as this would constrain the amount of capital Banks have which enables them to continue lending to further support the economy
Arab Banks Awards and Commendations of Excellence
Within the framework and the objectives of the World Union of Arab Bankers to promote the Arab banking and financial industry and the professional scope of Arab banking, the Union launched in 2015 and through its monthly magazine The Banking Executive, the first round of the “Excellence and Achievement Awards” ceremony, which has become an annual event attended by senior bankers and international figures from international and regional institutions.
The Bank of Excellence Awards and Achievement Awards aim to honor Arab personalities and banking institutions that have achieved significant achievements during their career. They have been instrumental in promoting and developing the Arab banking industry, and have formed a remarkable example of outstanding performance and adherence to international standards and legislation, in addition to their active contribution to the promotion of economic development in the Arab world.