EVENT: Grant Thornton Regulatory Roundtables

Date: 25th June, 2020 Time: 03:00 pm - 04:00 pm

The ABA and Grant Thornton will present a series of round tables that are aimed exclusively at CEOs of members banks of the Association and their senior compliance staff. 

The objective of their on-line updates will be to discuss the most pressing regulatory requirements and promote best practice for regulated activities. All discussions will take place under the Chatham House Rule to facilitate an open and constructive dialogue and the sharing of best practice experiences.

The first in this series of discussions will cover Operating within the Covid-19 crisis and it will take place on Thursday 25 June from 3pm until 4pm. 

Subsequent discussions will take place on: 

22 September

8 December

Quarterly thereafter.

Operating with the Covid-19 crisis

Having operated under the UK Government's lock-down restrictions for nearly three months, Arab banks have adapted to their business continuity processes and managed to maintain the critical services on which their long-standing clients depend. However, as the UK slowly unlocks its restrictions, CEOs and General Managers will have to address new questions regarding what the future looks like for their staff and operations:

  • regulatory engagement: what have the FCA and PRA communicated of relevance to Arab banks? Hve regulatory requirements been impacted by the lockdown restrictions?
  • Remove working: have IT and server capacities proved effective since the lockdown? Can remote working be relied upon for the majority of banking operations over the long-term? Can this be audited? 
  • Office space: what measures are Senior Managers taking to assess and remediate Covid-19 specific risks that oculd impact their offices? For smaller banks, is the concept of a physical office now redundant?
  • "New Normal": what do we believe to be th efuture format of operations, office space and staff locations once all of the current restrictions have been lifted?

The meeting will include presentations from Grant Thornton specialists who have been working with peer banks, followed by an open discussion.

CEOs of ABA member banks should have received an invitation to the event on 25 June at 3pm. If you can not, please contact Hanan al-Masood at halmasood@abrab-bankers.co.uk

 

 


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