EVENT: CEOs of Arab Banks in London meet with banking regulators

Date: 13th November, 2017 Time: 09:30 am - 11:00 am
CEOs of Arab Banks in London meet with banking regulators

On 13 November, the Arab Bankers Association convened the latest in a series of meetings between Arab banks in London and the banking regulators.

This latest meeting was with four officials from the Prudential Regulation Authority (PRA). Agenda items included the the Bank of England's Shari'ah-compliant fund (SCF) project, Brexit, IFRS 9 and feedback from the PRA's discussions with the home regulators of Arab banks in London. The four officials were Laura Wallis, Trevor Jones, Rachel Smith and Arshadur Rahman. 

Twenty five senior bankers from 17 Arab banks took part of in the discussions.

The meeting was held under the Chatham House Rule to encourage frank discussion of all the issues.

The Arab Bankers Association convenes meetings with the PRA or the Financial Conduct Authority every six months to give Arab banks the opportunity to hear directly from regulators about their expectations, and to raise with the regulators areas of particular concern to Arab banks. 

 

 


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