Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that the ninth Gulf Cooperation Council (GCC) Regulators’ Summit will take place on 26 and 27 January 2015 in Abu Dhabi.
The event is organized in association with the Securities and Commodities Authority (SCA) of the UAE and under the patronage of the UAE minister of economy, H.E. Sultan bin Saeed Al Mansouri.
The Summit will cover topical challenges facing the community including emergent regulatory trends, capital markets developments, risk mitigation through strategic internal relationships, regulatory reforms, information security, fraud management, bribery and corruption and many more.
The Summit is the region’s unique forum for regulators and the governance, risk and compliance community. It attracts over 600 senior delegates from the region’s top regulators and GRC community.
“The SCA adopts best international practices in the areas of market regulation and supervision,” said H.E. Abdullah Al-Turifi, Chief Executive Officer of the SCA. “Therefore, we are pleased to host this international conference which forms a platform for discussing challenges facing market regulators. It also provides an opportunity for sharing of ideas and experience in the areas of corporate governance, financial market supervision, compliance, investment tools and commodities.
“Through this conference, the SCA also expects to discuss and identify latest approaches in the operations of regulatory bodies and to share its 14 years of market regulation experience, in order to help improve performance of the industry and to help in the application of the rules and regulations of the International Organization for Securities Commissions (IOSCO)”.
“The GCC regulatory landscape has been experiencing ongoing significant change,” said Nadim Najjar, managing director, Middle East and North Africa, Thomson Reuters. “During the past few years, all regional regulatory bodies have been working hard to address significant gaps in corporate governance, financial crime prevention, Islamic finance, sanctions enforcement, securities regulation and risk management.
“As the growth of international business continues, it is important that both the firms and the regulators in the GCC are aware of the full scope of the legal requirements that could impact a regulated firm and the conduct of its business. In partnership with the SCA, we are glad to host another round of the GCC Regulators’ Summit . This is now a critical regulatory network that addresses cross-border challenges facing the financial and banking sectors in GCC.”
John Garret, general manager and group chief compliance officer of the National Bank of Abu Dhabi (NBAD) says: “NBAD is committed to promoting and advancing quality and world class compliance across the region. This is why we contribute to many platforms and avenues to help advance this objective.”
Michael Ryan, chief executive officer of the Qatar Financial Centre Regulatory Authority said: “The QFC Regulatory Authority is pleased to support the ninth GCC Regulators’ Summit as the strategic regulatory partner for 2015. Each year the Summit connects peers and colleagues from across the region to discuss the most critical issues affecting financial services and regulation. It is an important annual event in the GCC, where the financial landscape is developing rapidly and regulatory initiatives are key to building a strong framework that supports business, investors and consumers.”
The GCC Regulators Summit is also supported by the following partners: National Bank of Abu Dhabi, QFC Regulatory Authority, Deloitte Financial Advisory, CCL , HOLT Consultancy and Barclay Simpson.