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Arab central banks are looking systemic risk mechanisms
Arab Committee on Banking Supervision in Casablanca held the twenty-fourth annual meeting was devoted primarily to discuss the development of systemic risk control at the level of Arab central banks mechanisms.
In this regard, the Moroccan Central Bank Governor Abdul Latif Jeweler stressed the importance of the meetings of the Committee examined and the exchange of experiences among Arab countries at the level of the development of systemic risk control mechanisms so as to coordinate the Arab action in this area.
Turning Jeweler to the efforts and achievements of the Central Bank of Morocco at the level of banking supervision and financial inclusion, referring to the three basic themes relating to strengthening the legal framework governing the banking sector, and the establishment of a strong structure in the field prudential supervision college, in addition to the policies and procedures promote financial inclusion. "The Director General Chairman of the Arab Monetary Fund, Dr. Abdul Rahman bin Abdullah Hamid, confirmed his part, that the issues under discussion," reflects the growing awareness of the importance of the topics prudential oversight college as an essential means to improve risk management and financial and banking institutions on the one hand, and improve the efficiency and safety of the financial sector as a whole, and to strengthen its role in the overall growth and stability to support macro-economic on the other hand. "
The Committee discussed over three days several topics included "dealing with the risks of large exposures in the Arab countries," and "precautionary policy College and indicators for early warning of asset price bubbles," in addition to "incremental capital requirements to reduce the risk of fluctuations in business cycles and credit granting."
The Committee recommended in this context, the Arab central banks "to develop regulatory measures to deal with the risk of fluctuations courses Business and the granting of credit to support the safety of Arab financial sectors, and work on the development of a regulatory framework to effectively measure and review of large exposures, including help to reduce systemic risk. "
She also discussed the Secretariat memorandum on ways to develop its business and activate their role in the coordination between the Arab central banks in the field of banking supervision and financial stability
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Arab Committee on Banking Supervision in Casablanca held the twenty-fourth annual meeting was devoted primarily to discuss the development of systemic risk control at the level of Arab central banks mechanisms.
In this regard, the Moroccan Central Bank Governor Abdul Latif Jeweler stressed the importance of the meetings of the Committee examined and the exchange of experiences among Arab countries at the level of the development of systemic risk control mechanisms so as to coordinate the Arab action in this area.
Turning Jeweler to the efforts and achievements of the Central Bank of Morocco at the level of banking supervision and financial inclusion, referring to the three basic themes relating to strengthening the legal framework governing the banking sector, and the establishment of a strong structure in the field prudential supervision college, in addition to the policies and procedures promote financial inclusion. "The Director General Chairman of the Arab Monetary Fund, Dr. Abdul Rahman bin Abdullah Hamid, confirmed his part, that the issues under discussion," reflects the growing awareness of the importance of the topics prudential oversight college as an essential means to improve risk management and financial and banking institutions on the one hand, and improve the efficiency and safety of the financial sector as a whole, and to strengthen its role in the overall growth and stability to support macro-economic on the other hand. "
The Committee discussed over three days several topics included "dealing with the risks of large exposures in the Arab countries," and "precautionary policy College and indicators for early warning of asset price bubbles," in addition to "incremental capital requirements to reduce the risk of fluctuations in business cycles and credit granting."
The Committee recommended in this context, the Arab central banks "to develop regulatory measures to deal with the risk of fluctuations courses Business and the granting of credit to support the safety of Arab financial sectors, and work on the development of a regulatory framework to effectively measure and review of large exposures, including help to reduce systemic risk. "
She also discussed the Secretariat memorandum on ways to develop its business and activate their role in the coordination between the Arab central banks in the field of banking supervision and financial stability
[You must be registered and logged in to see this link.]
