UAE Banks Federation Advisory Council held its third meeting this year
The CEOs Advisory Council of the UAE Banks Federation held its third meeting this year, today (Sunday, 17 March 2013) in Mina A’Salam Hotel in Dubai, and discussed the latest updates and developments of key banking related topics.
Headed by H.E. AbdulAziz Abdulla Al Ghurair, Chairman of the UAE Banks Federation, who stressed on the significance of these meetings and continuous cooperation between the banks which contributeafter all to serve the interest of customers and the community on a side, and the banking sector and National Economy on the other side.
The Advisory Council approved the minutes of the previous meeting held on January 16, 2013 and discussed the latest developments on all related topics, most particularly the "Mortgage Loans Cap" which is considered as key topic since the beginning of this year, where the Council and after its last meeting submitted a unified questionnaire to the Central Bank, emphasizingthe significant role of the federation in representing the member banks.
Praising the banks achievements on Emiratization and stressing the need to continue in attracting the largest possible number of UAE Nationals to work in the banking sector, the Council discussed the HR Committeeproposaltoenhance Emiratization inthe banking sector, as well as ways and means step up training and development of National to reachleadership positions.
The CEOs Advisory Council also discussed the participation in SIBOS ‐2013, the SWIFT annual conference, which will be held for the first time in the Middle East in Dubai, with expectation of about 7000 participants to attend from all over the world, where H.E AbdulAziz Al Ghurair, Chairman of UAE Banks Federation has recentlymet a high ranking delegation from the Society For Worldwide International Financial Telecommunications (SWIFT)and welcomed the initiative of holding SIBOS – 2013 in UAE,praising on the continuous cooperation between SWIFT and UAE Banks Federation indicating the pioneering role the Federation played to introduce SWIFT to the banking and financial sector in UAE in the late eighties.
The CEOs Advisory Council also discussed updates on topics under discussion with the Central Bank such as “Liquidity Regulation at Banks”, “Monitoring of Large Exposure Limits”, “Decriminalization of Bounced Cheques” and “Basel II & III”.