The Kuwait Financial Forum will be held in its second annual session on October 31-November 1, 2010 in Kuwait ...
This Forum is organized by Al-Iktissad Wal-Aamal group in cooperation with the Central Bank of Kuwait and Kuwait Banking Association.
This year’s session follows on the overwhelming success of the first Forum in 2009 in terms of the size and level of participation, and the relevance of the topics discussed, such that it quickly established itself as a major regional event for finance and banking leaders, and highlighted the need of the banking and financial industry for a specialized forum that would address and analyze developments in this industry and its prospects.
This year’s meeting will be held against the background of the continuing repercussions of the international financial crisis and controversies about the nature and extent of the required financial and banking reforms. It is to be expected, therefore, that these issues will be at the heart of the Forum’s discussions, especially in terms of their implications for the Arab economies and the regional financial and banking system.
Main topics on the agenda include:
Is the financial crisis behind us and what are the near term prospects in the global economy?
Many issues and challenges in the Arab economies
_Requirements and priorities for reforming the international financial system?
This year’s session follows on the overwhelming success of the first Forum in 2009 in terms of the size and level of participation, and the relevance of the topics discussed, such that it quickly established itself as a major regional event for finance and banking leaders, and highlighted the need of the banking and financial industry for a specialized forum that would address and analyze developments in this industry and its prospects.
This year’s meeting will be held against the background of the continuing repercussions of the international financial crisis and controversies about the nature and extent of the required financial and banking reforms. It is to be expected, therefore, that these issues will be at the heart of the Forum’s discussions, especially in terms of their implications for the Arab economies and the regional financial and banking system.
Main topics on the agenda include:
Is the financial crisis behind us and what are the near term prospects in the global economy?
Many issues and challenges in the Arab economies
_Requirements and priorities for reforming the international financial system?
_What’s ahead for Arab banks and what are the implications of ongoing reforms?
_Investment prospects and opportunities in Arab financial markets.
_The future of regional development financing.
_Kuwaiti’s new economic development plan and its meanings for investment opportunities in the country.
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10/31/2010
Global financial crisis still looming ahead - CBK governor
KUWAIT, Governor of Central Bank of Kuwait (CBK) Sheikh Salem Abdulaziz Al-Sabah said here Sunday the global financial crisis is still affecting many developed and emerging economies worldwide.
In a keynote speech at the second Kuwait Financial Forum, sponsored and attended by His Highness the Prime Minister Sheikh Nasser Al-Mohammad Al-Ahmad Al-Jaber Al-Sabah, the CBK governor said in spite of global economic recovery thanks to unprecedented financial packages in several countries, many countries are still struggling to wriggle out of further fallout.
For instance, several countries are facing budget deficit and hiking public debts, he said.
He cited the final communique of a recent G-20 meeting in Canada as stressing the significance of creating an independent financial atmosphere to ensure strong and balanced economic growth as part of sound financial policies which can provide adequate resilience.
He pointed to the role of the global financial crisis in highlighting the part of central banks in practicing macro and partial control, and in stressing financial stability and relevant link to monetary stability.
The world financial meltdown has contributed to providing an encouraging economic atmosphere that could lead to spurring up economic activities, stable prices and successful shifts in monetary policies, he believed.
On the Basel Committee, he said the group of central bank governors and chief auditors had adopted a set of financial reforms in September.
He stressed the significance of such reforms to the provision of additional resilience to square up to jolts and offset bank losses so that more flexible and stable banking systems could be found.
He finally boasted that the CBK's moves to face the ramifications of the global financial crisis since September 2008 have contributed to shoring up bank regulations bearing on risk management.
Kuna news Agency
