National Bank of Fujairah PJSC (NBF) announced that it was host to the Institute of International Finance’s (IIF) MENA Chief Risk Officer Forum in Dubai. The two-day conference opened at Dubai’s Raffles Hotel yesterday and provided financial services practitioners and industry regulators with a platform to discuss and share the latest in global regulatory trends and risk management practices.
The annual forum was spearheaded by the IIF, the global association of the financial industry, headquartered out of Washington DC. Its membership currently comprises close to 500 financial institutions across 70 countries, from commercial and investment banks to sovereign wealth funds and central banks.
NBF CEO Vince Cook said at the event’s opening ceremony: “We are honoured to partner IIF in the hosting of such a significant event.
“The bank has always subscribed to the belief that any growth on its part would only be sustainable if underpinned by a solid risk management framework. By facilitating the sharing of best practices across the region and exploring of common issues and challenges, we improve our own effectiveness as well as contribute to the overall development of the financial services sector.”
At the forum, George Abed, Senior Counselor & Director of IIF’s Middle East & Africa Department, thanked NBF for hosting the event and made special mention of his colleague Barbara Frohn, Senior Advisor of IIF’s Regulatory Affairs Department, for putting together a strong programme.
He also announced the recent opening of IIF’s Middle East & Africa regional office in Dubai and introduced its general manager & chief representative, Wolfgang Engel: “The new office reaffirms IIF’s strong commitment to the MENA & Africa regions and our role as the leading voice for the financial services industry on global regulatory issues.”
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