Date:24 August 2017
The sixth meeting of the Financial Stability Working Group (FATF) in the Arab countries held in Abu Dhabi yesterday morning in Abu Dhabi discussed a number of topics including: the digital revolution and its implications for the banking system and financial stability - the risks of financial innovation; the rescue framework for banks of systemic interest locally; Recovery - range and policy options available.
The meeting will also discuss the issues of endurance tests for large borrowing companies, the role of central banks in this regard and the requirements of financial infrastructure to support stability. The meeting also discussed the requirements for developing local indicators of financial stability.
In addition to discussing how to benefit from remittances to support financial stability. The group will discuss solutions on policies and techniques to mitigate the repercussions of correspondent banks' procedures on the banking sector, in preparation for the high-level workshop to be held on this subject in September.
It is noteworthy that the team emanates from the Board of Governors of Central Banks and Arab monetary institutions, and includes in its membership directors of financial stability departments of these banks and institutions, in addition to the Arab Monetary Fund, which is the technical secretariat.
As part of the ongoing exchange of experience and experience, the team will be acquainted with the experience of the Central Bank of Tunisia in terms of financial stability.
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