EVENT: Arab bankers in London meet with PRA officials to discuss current regulatory issues

Date: 26th February, 2016 Time: 02:30 pm - 04:30 pm
Arab bankers in London meet with PRA officials to discuss current regulatory issues

Twenty eight senior bankers from 21 Arab bank branches and subsidiaries in London met with three officials from the UK's Prudential Regulatory Authority (PRA) at the ABA's offices on 26 February. This was the second such meeting that the ABA has organised between London-based Arab bankers and UK bank regulators. The meeting lasted two hours.

Key issues discussed included:

  • The transition to new liquidity monitoring that will entail the PRA relying more on liquidity supervision conducted by banks' home supervisors,
  • The implementation of the Capital Conservation Buffer and its relation to the Counter Cyclical Buffer,
  • Issues related to the Senior Managers Regime, and in particular the difficulty of filling 'controlled function' vacancies within 12 weeks,
  • The EU's Deposit Guarantee Scheme Directive, and in particular the extension of the DGS to corporate deposits,
  • The supervisory focus on banks' business models, in particular in the light of low oil prices.

The meeting was conducted under the "Chatham House Rule".

Attendees from the banks and the PRA officials commented that the meeting had been useful and all agreed that another meeting should be scheduled at a mutually convenient time over the summer.

The meeting forms part of the ABA's efforts to represent and promote the interests of Arab banks in London.

 

 

 


More in Events

ABA lunch series 2020: Libor Transition

Our first lunch event of 2020 will address how banks and their customers should respond to the ending of Libor.  The discussion will be led by three partners from law firm TLT – Marc Gilston, Peter Carney and Paul Gair...

  • Date: 21st February, 2020
  • ABA Offices

Eid Dinner

We will host our Eid Dinner, marking the end of Ramadan, on 27 May. This event is open to all members and their friends and colleagues. We will put more details about the event, including details of how to buy tickets, nearer the...

  • Date: 27th May, 2020
  • TBD

Breakfast Roundtable on Operational Resilience, hosted by...

This is an invitation-only event which will be hosted by Grant Thornton. During this roundtable we will consider the PRA's recent consultation event on Operational Resilience and formulate appropriate responses for the Arab banking...

  • Date: 17th March, 2020
  • ABA Offices, Mayfair

Dealing with financial crime - a practical guide

FTI Consulting and Mishcon de Reya will host an evening seminar on Financial Crime on Thursday 13 February.  The purpose of the seminar is to update participants on criminal and regulatory matters related to financial crime and to...

  • Date: 13th February, 2020
  • ABA offices

Meeting with the Prudential Regulation Authority

CEO's of member banks will be invited to attend a meeting with officials from the Prudential Regulation Authority at the ABA's offices on Wednesday 22 January 2020. The meeting will start at 2.30pm.  The PRA team will...

  • Date: 22nd January, 2020
  • ABA Offices

Upcoming ABA Events


Other Upcoming Events