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DFSA to co-host 11th Annual MENA Regulatory Summit


Dubai / WAM

Experts from the governance, risk and compliance, GRC, communities across the MENA region will converge in Dubai next week for a dialogue with neighbouring countries that share the same risks, challenges and regulatory outlook, at the 11th Annual MENA Regulatory Summit.
Co-hosted by the Dubai
Financial Services Authority (DFSA) and Thomson Reuters on February 5-6, the summit is being held under the patronage of Sultan bin Saeed Al Mansouri, UAE Minister of Economy.
Formerly known as the GCC Regulators’ Summit, this year’s event has been renamed to reflect the interest from the GRC community.
Delegates will hear a distinguished panel of experts talk on the latest developments in global compliance and regulation, as well as the implications of the changing political landscape, economic sanctions, terrorist financing and emergent financial crime risk, withdrawal of corresponding banking, supply chain management, and the threat to cyber security.
Essa Kazim, Governor of the Dubai International Financial Centre, and Dr. Obaid Al Zaabi, Acting Chief Executive, Emirates Securities and Commodities Authority, will give opening remarks on the first day of the two-day summit. They will be joined by DFSA executives, including Chief Executive Ian Johnston, William G. Rich, Attache to the UAE and Sultanate of Oman, US Department of the Treasury, and Dr. Badr El Banna, Regional Advisor for the IMF Anti-Money Laundering and Combating the Financing of Terrorism department.
Johnston said, “It is encouraging to see the strong momentum behind the region’s regulators and compliance community to ensure that the financial services sector is developing sustainably, and in line with international best practices. By co-hosting this year’s event, which now includes attendees from across the MENA region, we hope to be able to share our own insights of developing the regulatory framework for the region’s leading financial centre with the new entrants in the market.”
The 2016 summit attracted over 500 registered delegates from the GRC community in addition to regional and international regulators and industry practitioners. This year’s summit has some 1,000 registered participants.

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