GF
Sector: Risk Management
UAE banks throw spotlight on risk managers
UAE firms are taking pre-emptive measures to ensure that the carnage in the Western banking world doesn’t happen here: they’re bolstering their risk management teams. Local banks are battling with the twin forces of regulatory reporting requirements – such as Basel II – and the need to set up controls against banking crises and rogue [...]
IT rush in Middle East banks
Financial techie types can cash in on Middle Eastern banks’ focus on security. Middle East and North Africa Financial Action Task Force predicts banks and financial institutions in the region are set to spend $2bn on IT this year and next – mainly centred on risk management to guard against fraud and money laundering. Henry [...]
Basel boost for Dubai risk managers
Gulf countries are on the hunt for risk managers as the deadline for implementation of the Basel II accord looms. The UAE Central Bank has announced phased implementation of the Basel II accord, with banks expected to be compliant with at least the standardised approach for credit risk by 31 December 2007. In the second [...]
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