The Annual Arab Banking Conference for 2015 in its 20th session “Global Financial Access: The Roadmap 2015 – 2020”
19-21/11/2015 Phoenicia Intercontinental Hotel Beirut – Lebanon
Enhancing financial inclusion is gaining significant importance among various countries of the world in recent years, particularly in developing countries, as a result of the global financial crisis. The G20 has included financial inclusion as one of the main pillars of its economic and financial development agenda, and many countries have adopted strategies and took effective steps towards improving access to finance and financial services, in order to improve growth, achieve economic stability, and to contribute to the achievement of social justice and reducing poverty.
The 20th Annual Arab Banking Conference for 2015, will be organized this year based on the regional and global challenges and hence the major economic and social changes taking place nowadays especially in the Arab region. The Union of Arab Banks believes that the responsibility of achieving financial inclusion does not lay on institutions and associations only, but that banks should play a vital role not only in saving money and managing wealth but also in achieving the financial stability in the banking industry.
In this regard, UAB remains dedicated and committed to organizing conferences and forums which represent platforms for exchanging expertise in key issues such as banking and financial Inclusion for individuals in underserved markets. This allows the banking and financial sectors to globalize access to financial services on all groups and segments of society which enable them to grow and reduce vulnerability to shocks, and opens the door wide to combat unemployment and poverty alleviation, and address the problems of financial economy, which are the sources of crime in our communities, and contribute to the welfare and human development in our countries.
The Union of Arab Banks, focuses in its international and regional conferences, forums and workshops, on a wide range of activities aimed at raising awareness to financial inclusion, especially for expanding financing of SMEs and micro enterprises, where 16 to 17 million small businesses and micro-enterprises in the Arab World do not have access to financing and financial services. In addition to the circumstances and changes that have occurred, and the level of economic instability and unemployment, with all the dangerous asylum movements affecting the Arab countries which threaten of an economic, social and humanitarian disaster on the long term.
The objective of this conference is to establish a new era of financial education and awareness for young people, so they would be involved in the financial system, and to provide better capacity for individuals and enterprises to access financial services effectively, and to promote inclusion in financial sectors to ensure the accessibility of services to all individuals including those with low-income.
- Develop a road map that enables a larger segment of individuals and enterprises to access financial services
- Shedding light on financial inclusion in combating money laundering and the financing of terrorism.
- Attract the excluded or underserved individuals to the regulated financial system.
- The role of financial Inclusion in supporting SMEs.
- Highlight the importance of cooperation between the public and private sectors in promoting financial inclusion.
- Develop the necessary infrastructure for the expansion of financial inclusion and creating a suitable regulatory, legal and supervisory environment.
- Increasing awareness on risks and financial opportunities.
Topics of Discussion
1. The concept of financial inclusion, and its role in promoting development
- The role of central banks in promoting financial inclusion
-The cooperation between the public and private sectors to build a financial inclusion strategy
- The impact of information technology on promoting financial inclusion
- Conventional and Islamic banks: the required role to promote financial inclusion
-The role of SMEs in promoting financial inclusion
2. The dilemma between implementing legislations and laws enforced by international supervisory bodies, mainly American, and promoting financial inclusion
- The coordination between adopting legislations and international supervisory rules and boosting financial inclusion in the Arab region (AML, KYC, FATCA, Basel)
- The impact of financial inclusion on combating terrorism financing and promoting political, economic and social stability
3. Displacement crisis… risks and challenges
- The economic and social impact of internal and cross-border Arab displacement on host countries
- The regional cooperation and the required mechanisms to provide social and humanitarian support to contain displacement
4. Promoting construction policy
- Reconstructing damaged infrastructure in war afflicted countries
- Supporting housing policies
- Training labor force in the construction sector
- Addressing unemployment and poverty problems
- Finding job opportunities
5. Working paper on “Road Map for Financial Inclusion 2015-2020”, includes:
- Combating banking illiteracy
- Supporting MSMEs
- Information technologies
- Laws and legislations
- Shadow banking