BEGIN:VCALENDAR VERSION:2.0 PRODID:-//WUAB - ECPv6.18.2//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-ORIGINAL-URL:https://wuab.org X-WR-CALDESC:Events for WUAB REFRESH-INTERVAL;VALUE=DURATION:PT1H X-Robots-Tag:noindex X-PUBLISHED-TTL:PT1H BEGIN:VTIMEZONE TZID:UTC BEGIN:STANDARD TZOFFSETFROM:+0000 TZOFFSETTO:+0000 TZNAME:UTC DTSTART:20200101T000000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=UTC:20210315T090000 DTEND;TZID=UTC:20210316T120000 DTSTAMP:20210301T120049Z CREATED:20210301T120049Z LAST-MODIFIED:20210301T120049Z UID:4045-1615798800-1615896000@wuab.org SUMMARY:COVID-19 REGULATORY AND BEST PRACTICE RELIEF MEASURES RELATED TO BASEL III\, IV AND THE IFRS 9 DESCRIPTION:BACKGROUND: \n\n\n\nThe 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. \n\n\n\n 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. The International Accounting Standards Board (IASB) published statements on how the principles in IFRS 9 may be used to best reflect the economic and practical realities of the crisis. \n\n\n\nThe Basel Committee on Banking Supervision (BCBS) published its measures to reflect the impact of COVID-19\, which encompass considerations for IFRS 9 reporting\, but also looks at how they could interact with regulatory capital. The so-called Basel IV has been delayed to 2023. On the other hand\, LIBOR transition might also be subject to extension. \n\n\n\nThese measures support the provision of lending by Banks to the real economy and provide additional operational capacity for Banks and supervisors to respond to the immediate financial stability priorities. \n\n\n\nSince we recognize that this crisis has significant implications on the business environment in the region\, we kindly invite you to a Live Virtual Training that will discuss the main technical clarifications to highlight how Banks can reflect the risk-reducing effect of these measures when conducting business. \n\n\n\nOBJECTIVES: \n\n\n\nUpon completion of this workshop\, participants will be able to: \n\n\n\nUnderstand all the aspects of the current and unfolding situation and impact on key sectors;Understand how long would a COVID-19-Induced Recession last;Understand the forms of post-COVID-19 recovery;Discuss measures introduced by regulators worldwide and in the region to ensure that the global banking system remains financially and operationally resilient;BCBS decision to defer the Basel III implementation;ECL accounting treatment;Transitional arrangements for the regulatory capital treatment of ECL accounting;Changes with respect to Global Systemically Important Banks.\n\n\n\nWHO SHOULD ATTEND? \n\n\n\nRisk Management staff across the boardCapital Management and Basel implementation staffIFRS implementation staffPortfolio Management staffTreasury and Capital Markets staffFinancial Management and Financial Control staffCompliance staffRelationship Managers and Account ManagersInternal Auditors and External AuditorsOn-site and off-site supervisors and regulatory authorities\n\n\n\nMAIN TOPICS: \n\n\n\nDAY 1: \n\n\n\nEconomic impact of the COVID-19;Loans subject to government guarantees new treatment;Deferral of Basel III Implementation Dates;Treatment of modified debt;Use of reasonable and supportable forward-looking information;Treatment of payment holidays granted voluntarily due to regulatory or other policy encouragement.\n\n\n\nDAY 2: \n\n\n\nDefinition of the IFRS 9 significant increase in credit risk (SICR) during the pandemic;How to assess Credit Risk based on rescheduled payments;Impact of payment holidays or other relief measures on the forbearance status of the loans. The impact of other business support measures;Transitional measures relaxation;Transitional rules on impact of ECL provisions on CET 1 capital. (BCBS)Forecasting and multiple economic scenarios;Reporting and disclosure.\n\n\n\n\nDownload Brochure\n\n\n\nDownload Registration Form\n\n\n\n\n\nDownload Presentation\n\n\n\n\n \n\n\n \n \n \n \n \n \n\n \n Location: Sheraton Cairo Hotel – Egypt \n\n \n \n \n\n \n Date: November 25 -26\, 2026 \n\n \n \n \n\n \n Time: 9:00 AM till 3:00 PM \n\n \n \n \n \n \n \n \n \n \n\n \n \n\n\nOverview \n\n\nThe Committee of Sponsoring Organizations (COSO) is a joint initiative of five private sector organizations dedicated to providing thought leadership through the development of frameworks and guidance on enterprise risk management\, internal control\, and fraud deterrence. \nInternal audit is being asked to\nsee further\, respond faster and speak with greater authority. Assurance remains fundamental.\nBut in a banking environment increasingly shaped by artificial intelligence\,\ndigital dependencies\, sophisticated fraud\, cyber risk\, regulatory expectations\nand external volatility\, assurance alone is no longer enough. Boards and senior\nmanagement increasingly need internal audit to identify where vulnerabilities\nare developing\, assess whether resilience is real or assumed\, and provide an\nindependent perspective on risks whose speed and complexity are challenging\ntraditional approaches to oversight. This places the Chief Audit\nExecutive at the centre of a significant shift. The question is no longer\nsimply whether internal audit is fulfilling its mandate. It is whether that\nmandate\, its capabilities and its relationship with the boardroom are keeping\npace with the environment in which financial institutions now operate. Against this backdrop\, The\nInternal Audit Forum 2026\, held under the theme “Beyond Assurance: The Next\nAudit Agenda for AI\, Digital Risk\, Resilience and the Future of the CAE\,” will\nbring together senior leaders and professionals from internal audit\, risk\,\ngovernance\, technology and regulatory functions to examine the priorities that\nare reshaping the audit agenda across banks and financial institutions. Over two days\, the Forum will\naddress some of the most consequential questions facing the profession. What\nshould boards expect from their CAEs today? Is internal audit providing\nsufficient foresight? How should audit approach AI when it is simultaneously\ntransforming the bank and the audit function itself? Where does operational\nresilience become most vulnerable across cyber\, cloud and third-party\necosystems? How should institutions respond to deepfakes\, digital fraud\,\ninsider threats and AI-enabled attacks? And as digital identity and eKYC\ncontinue to reshape banking\, how must assurance evolve with them? The agenda extends beyond technology.\nIt will examine governance and ethics\, remuneration risk\, financial resilience\nin volatile conditions\, environmental and social risk within the credit\nlifecycle\, external dependencies beyond traditional outsourcing\, and the impact\nof wider risk developments on the audit universe. It will also look ahead to\nthe decisions CAEs must make as they prepare their 2027 audit plans and build\nthe teams\, skills and judgement that the audit function of 2030 will demand. The Forum is designed not merely\nto examine individual risks\, but to connect them. AI\, cyber risk\, governance\,\nresilience\, third parties\, regulation and talent increasingly intersect\,\nrequiring audit leaders to look beyond traditional boundaries and assess the\ninstitution as a whole. For CAEs and the professionals\nworking alongside them\, the strategic challenge is clear: to preserve the\nindependence and rigour that define internal audit while ensuring that the\nfunction remains relevant to the risks\, technologies and decisions shaping the\nfuture of banking. \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n The Internal Audit Forum 2026\nprovides the senior-level platform for that conversation. Topics of Discussion: 1. The CAE in the Boardroom \n\n·        \nThe CAE Agenda 2026: What\nShould Boards Expect from Internal Audit Now? \n\n·        \nThe Audit Committee–CAE\nCompact: Is Internal Audit Providing Enough Foresight? \n\n2. AI & the New Audit\nFrontier \n\n·        \nAI in the Bank\, AI in\nAudit: Governing Both Sides of the Equation \n\n3. Trust\, Ethics &\nRegulatory Governance \n\n·        \nGovernance\, Ethics &\nRegulatory Alignment \n\n4. Digital Identity & the Future\nof KYC \n\n·        \nKYC\, eKYC and Digital\nIdentity: Auditing Egypt’s Next Digital Banking Frontier \n\n5. Digital Resilience Under\nPressure \n\n·        \nCyber\, Cloud and Third\nParties: Where Does Operational Resilience Really Break? \n\n·        \nFraud: Deepfakes\, Digital\nFraud\, Insider Threat and AI-Enabled Attacks \n\n·        \nCAE + CIO + CISO: Who\nReally Owns Digital Assurance? \n\n6. When Compensation Becomes\nRisk \n\n·        \nWhen Pay Becomes a Risk\nIssue: What Internal Audit Should Test in Remuneration Governance \n\n7. Auditing Resilience in\nVolatile Times \n\n·        \nAuditing Financial\nResilience in a Volatile Environment \n\n8. The Profession in Focus \n\n·        \nIIA Egypt Updates Session \n\n9. Sustainability Through the\nCredit Lens \n\n·        \nAuditing Environmental\n& Social Risk in the Credit Lifecycle \n\n10. 2027 CAE Playbook \n\n·        \nGlobal Internal Audit\nStandards – One Year On: What Has Actually Changed? \n\n·        \nGeopolitics Meets Banking\nRisk: What Changes in the Audit Universe? \n\n·        \nFive Decisions Every CAE\nShould Take into the 2027 Audit Plan \n\n11. Beyond the Bank’s Four\nWalls \n\n·        \nBeyond Outsourcing: How\nInternal Audit Should Assure the Bank’s External Dependency Ecosystem \n\n12. Building the Audit\nFunction of 2030 \n\n·        \nBuilding the Audit Team\nBanks Will Need by 2030 \n\n \n \n \n \n \n \n \n\n \n \n Download Brochure \n \n \n\n \n \n \n\n \n Download Agenda \n \n\n \n \n \n\n \n \n Download Reg. Form URL:https://wuab.org/event/covid-19-regulatory-and-best-practice-relief-measures-related-to-basel-iii-iv-and-the-ifrs-9/ CATEGORIES:Conferences & Forums ATTACH;FMTTYPE=: END:VEVENT BEGIN:VEVENT DTSTART;TZID=UTC:20210324T130000 DTEND;TZID=UTC:20210325T150000 DTSTAMP:20210305T142708Z CREATED:20210305T142708Z LAST-MODIFIED:20210305T142708Z UID:4057-1616590800-1616684400@wuab.org SUMMARY:Modernization of US AML/CFT Laws and Regulations - Impact on Financial Institutions outside the USA DESCRIPTION:Overview: \n\n\n\nOn January 1\, 2021\, the US Congress passed the Anti-Money Laundering Act of 2020 (AMLA) as part of the National Defense Authorization Act for Fiscal Year 2021. AMLA includes substantial reforms to US anti-money laundering (AML) and counter-terrorism financing (CFT) laws since the Banking Secrecy Act of 1970 and the USA Patriot Act of 2001. These reforms will have impact not only on US financial institutions\, but also on foreign financial institutions which should be aware of the recent developments that complements the enforcement activity involving US sanctions/embargoes\, export controls\, and anti-corruption and anti-fraud laws. Non-US banks\, engaged in business with US banks through correspondent relationships\, should be familiar with the AMLA provisions that may apply to their activities. On the other hand\, the US continues its fight against serious human rights abuses and corruption through the Global Magnitsky Act\, by imposing financial sanctions and visa restrictions on persons determined to be involved in these acts anywhere in the world. This Act has also implications on foreign financial institutions. So\, the aim of this webinar is to provide the attendees with an overview of the above along with practical insights and examples to implement at their bank. \n\n\n\nOutline: \n\n\n\nThe US Anti-Money Laundering Act (AMLA) of 2020 \n\n\n\n\nModernization and Reforms of AML/CFT Laws and Regulations\nMajor Changes to the AML/CFT Landscape\nBeneficial Ownership Reporting\nEnhanced AML Whistleblower Program\nExpanded Subpoena PowerModernized Regime and Enhanced ResourcesIncreased Penalties for AML ViolationsSAR Sharing with Foreign Affiliates\nNational AML Priorities\nCongressional ReportingImpact on Foreign Financial InstitutionsUpdate of AML/CFT Policy and Procedures\n\n\n\n\n\nDownload Brochure\n\n\n\nDownload Registration Form\n\n\n\n\n\nDownload Presentation – Day 1\n\n\n\nDownload Presentation – Day 2\n\n\n\n\n \n\n\n \n \n \n \n \n \n\n \n Location: Sheraton Cairo Hotel – Egypt \n\n \n \n \n\n \n Date: November 25 -26\, 2026 \n\n \n \n \n\n \n Time: 9:00 AM till 3:00 PM \n\n \n \n \n \n \n \n \n \n \n\n \n \n\n\nOverview \n\n\nThe Committee of Sponsoring Organizations (COSO) is a joint initiative of five private sector organizations dedicated to providing thought leadership through the development of frameworks and guidance on enterprise risk management\, internal control\, and fraud deterrence. \nInternal audit is being asked to\nsee further\, respond faster and speak with greater authority. Assurance remains fundamental.\nBut in a banking environment increasingly shaped by artificial intelligence\,\ndigital dependencies\, sophisticated fraud\, cyber risk\, regulatory expectations\nand external volatility\, assurance alone is no longer enough. Boards and senior\nmanagement increasingly need internal audit to identify where vulnerabilities\nare developing\, assess whether resilience is real or assumed\, and provide an\nindependent perspective on risks whose speed and complexity are challenging\ntraditional approaches to oversight. This places the Chief Audit\nExecutive at the centre of a significant shift. The question is no longer\nsimply whether internal audit is fulfilling its mandate. It is whether that\nmandate\, its capabilities and its relationship with the boardroom are keeping\npace with the environment in which financial institutions now operate. Against this backdrop\, The\nInternal Audit Forum 2026\, held under the theme “Beyond Assurance: The Next\nAudit Agenda for AI\, Digital Risk\, Resilience and the Future of the CAE\,” will\nbring together senior leaders and professionals from internal audit\, risk\,\ngovernance\, technology and regulatory functions to examine the priorities that\nare reshaping the audit agenda across banks and financial institutions. Over two days\, the Forum will\naddress some of the most consequential questions facing the profession. What\nshould boards expect from their CAEs today? Is internal audit providing\nsufficient foresight? How should audit approach AI when it is simultaneously\ntransforming the bank and the audit function itself? Where does operational\nresilience become most vulnerable across cyber\, cloud and third-party\necosystems? How should institutions respond to deepfakes\, digital fraud\,\ninsider threats and AI-enabled attacks? And as digital identity and eKYC\ncontinue to reshape banking\, how must assurance evolve with them? The agenda extends beyond technology.\nIt will examine governance and ethics\, remuneration risk\, financial resilience\nin volatile conditions\, environmental and social risk within the credit\nlifecycle\, external dependencies beyond traditional outsourcing\, and the impact\nof wider risk developments on the audit universe. It will also look ahead to\nthe decisions CAEs must make as they prepare their 2027 audit plans and build\nthe teams\, skills and judgement that the audit function of 2030 will demand. The Forum is designed not merely\nto examine individual risks\, but to connect them. AI\, cyber risk\, governance\,\nresilience\, third parties\, regulation and talent increasingly intersect\,\nrequiring audit leaders to look beyond traditional boundaries and assess the\ninstitution as a whole. For CAEs and the professionals\nworking alongside them\, the strategic challenge is clear: to preserve the\nindependence and rigour that define internal audit while ensuring that the\nfunction remains relevant to the risks\, technologies and decisions shaping the\nfuture of banking. \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n The Internal Audit Forum 2026\nprovides the senior-level platform for that conversation. Topics of Discussion: 1. The CAE in the Boardroom \n\n·        \nThe CAE Agenda 2026: What\nShould Boards Expect from Internal Audit Now? \n\n·        \nThe Audit Committee–CAE\nCompact: Is Internal Audit Providing Enough Foresight? \n\n2. AI & the New Audit\nFrontier \n\n·        \nAI in the Bank\, AI in\nAudit: Governing Both Sides of the Equation \n\n3. Trust\, Ethics &\nRegulatory Governance \n\n·        \nGovernance\, Ethics &\nRegulatory Alignment \n\n4. Digital Identity & the Future\nof KYC \n\n·        \nKYC\, eKYC and Digital\nIdentity: Auditing Egypt’s Next Digital Banking Frontier \n\n5. Digital Resilience Under\nPressure \n\n·        \nCyber\, Cloud and Third\nParties: Where Does Operational Resilience Really Break? \n\n·        \nFraud: Deepfakes\, Digital\nFraud\, Insider Threat and AI-Enabled Attacks \n\n·        \nCAE + CIO + CISO: Who\nReally Owns Digital Assurance? \n\n6. When Compensation Becomes\nRisk \n\n·        \nWhen Pay Becomes a Risk\nIssue: What Internal Audit Should Test in Remuneration Governance \n\n7. Auditing Resilience in\nVolatile Times \n\n·        \nAuditing Financial\nResilience in a Volatile Environment \n\n8. The Profession in Focus \n\n·        \nIIA Egypt Updates Session \n\n9. Sustainability Through the\nCredit Lens \n\n·        \nAuditing Environmental\n& Social Risk in the Credit Lifecycle \n\n10. 2027 CAE Playbook \n\n·        \nGlobal Internal Audit\nStandards – One Year On: What Has Actually Changed? \n\n·        \nGeopolitics Meets Banking\nRisk: What Changes in the Audit Universe? \n\n·        \nFive Decisions Every CAE\nShould Take into the 2027 Audit Plan \n\n11. Beyond the Bank’s Four\nWalls \n\n·        \nBeyond Outsourcing: How\nInternal Audit Should Assure the Bank’s External Dependency Ecosystem \n\n12. Building the Audit\nFunction of 2030 \n\n·        \nBuilding the Audit Team\nBanks Will Need by 2030 \n\n \n \n \n \n \n \n \n\n \n \n Download Brochure \n \n \n\n \n \n \n\n \n Download Agenda \n \n\n \n \n \n\n \n \n Download Reg. Form URL:https://wuab.org/event/modernization-of-us-aml-cft-laws-and-regulations-impact-on-financial-institutions-outside-the-usa/ CATEGORIES:Conferences & Forums ATTACH;FMTTYPE=: END:VEVENT END:VCALENDAR