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THE INTERNATIONAL ARAB BANKING SUMMIT- IABS 2014

THE INTERNATIONAL ARAB BANKING SUMMIT, IABS 2014
“Transitions in The World Economy”
20th – 21st of June 2014 George V Hotel, Paris – France


BACKGROUND
The Union of Arab Banks will host the annual International Arab Banking Summit (IABS) for 2014 in Paris-France on the 20th – 21st of June 2014. The Summit is the annual international platform for ministers, governors of central banks, leading bankers, decision-makers and representatives of public and private sectors from various continents to meet and discuss issues of concern to the international banking community and wider world economy. The risks of the global financial and economic developments entails the need for discussing the world economic transitions and its implications on the international growth.

Throughout time, the international economic systems are usually affected by the political transitions, the change of power balance in the world, the change in international alliances and the change in the countries’ leaders.

All these transitions and changes, or at least some of it, draw the international political and economic roadmaps. For this, the future of the new world economy will be affected, in a way or another, by what the upcoming years will produce from economic systems that make the public as the utmost priority.

2013 marked the 5th year of the global financial and economic crisis, with various implications that the biggest countries are still unable to resolve. Most of these countries, such as Europe, Japan and the United States are entangled in a recession scare, where a wide transfer of financial capitals took place from these countries to different groups that still have refreshed economies such as the BRICS (Brazil, Russia, India, China, South Africa) and the MIST (Mexico, Indonesia, South Korea, Turkey). The economies of these two groups have lost their role as outlets for the global production by end of 2013.

The world is still concerned with the state of the global economy, after the continued regional and international developments that have kept us calling for reforms and the necessity to get back to basics. Where does the global economy stand? Policy actions taken and strategies implemented in various parts of the world showed us some relief and some stabilization in the financial conditions, however the recovery is still at a slow pace and the uncertainty is still high.

Although the short-term pressures and obstacles have somewhat diminished, but the long-term pressures are still prevalent. The world’s major economies still face many structural flaws and policy constraints that hinder more investment and faster productivity growth, making the medium-term outlook for a significantly faster path of global growth more uncertain.

For the Eurozone, focus is always on the state of play in the financial regulatory reforms and the continued push for the banking union by strengthening its banking sector through introducing common rules and protections. This in addition to continuing with the hard but necessary fiscal adjustments at the country level and the prospects of financial regulation that goes beyond G-20s Brisbane Summit in November of 2014. As for the Arab region and the emerging markets, though faring better, concerns are still present with the recent turmoil and lack of decisive action in the advanced economies. More and more initiatives are being considered for strategic enhanced cooperation between both regions and markets with an aim to avoid measures and actions that fragment the global economy.

The global concern and strive to better the financial regulations and global financial system is evident where the Financial Stability Board (FSB) has sent its outlook to the finance ministers and central bank governors outlining the priorities for financial reform in preparation for the G20 Brisbane Summit, with following core elements:
building resilience of financial institutions
ending too-big-to-fail
transforming shadow banking to transparent and resilient market-based financing
making derivatives markets safer

IABS 2014 will discuss strategies and ideas to collectively regulate and supervise the global financial system in a way to build mutual confidence and trust, and thereby realize fully the benefits of an open integrated system and contain the “Transitions in the World Economy”.


THE SIGNIFICANCE OF THIS SUMMIT - PARIS 2014

The International Arab Banking Summit is a platform for representatives of the public and private sectors, as well as leading bankers, to meet and discuss issues of utmost concern to the Arab and international economies as well as their financial institutions.

The Summit, through its plenary panel discussions, will focus on shaping some ideas, amidst the recent developments, about new areas of partnering which could put the Arab and international economies, businesses, and financial institutions on the right track towards sustainable growth and prosperity.

The Summit also introduces sponsors to the Arab region and worldwide. Sponsors have the opportunity to demonstrate to a high-profile audience areas in which their organizations excel.

TOPICS OF DISCUSSION

The Paris Summit aims at presenting:

Transitions in the World Economy: priorities for financial reform beyond G20 BRISBANE Summit FSB Recommendation – April 2014
Back to Basics and Rebalancing the Economy: bigger banking is not always better banking?
The EU-MENA economic relations amidst the recent geo-economic and geo-political developments.
The Impact of new regulatory and supervisory structures on bank returns, risk, and stability: From Deregulation towards Over-regulation
Financial reforms: From excessive expenditures towards austerity
Financial system stability, regulation and financial inclusion: Access to finance for economic growth
Pushing for the Banking Union in the Eurozone: strengthening the banking sector through common rules and regulations
Correspondent Banking: challenges of complying with regulations and Due Diligence Requirements
Arab International Economic Integration: Expanding East vs. Expanding West

STRUCTURE OF THE SUMMIT

The annual International Arab Banking Summit will comprise of the following elements:
Working papers, by senior government and banking officials, and leading economic and financial experts from the region and the international community.
Discussion and dialogue moderated by a senior official (economist, banker, economic media correspondent) thus allowing for more informative, and in-depth sessions.
An exhibition for sponsoring institutions, whereby the participating institutions and companies would be able to establish and develop business ties.

HOW TO PARTICIPATE
By attending this Summit and benefiting from the valuable discussions brought by internationally renowned speakers, and meeting fellow peers from the regional and international fronts
By sponsoring the activities of the Summit and benefiting from the wide range of privileges marketing, branding, media recognition, etc…

-For more information and registration in the summit kindly send an email to:
uab-conferences@uabonline.org
or visit UAB website: www.uabonline.org
-For information on sponsoring the summit kindly send an email to uab@uabonline.org,
or visit UAB website: www.uabonline.org

Quick Links
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UAB Magazine - Issue 466 September 2019