Amman to Host IIF Meeting Next Week
The meeting of the Institute of International Finance (IIF) in the Middle East and North Africa (MENA) region is expected to be held in Amman on February 4th with the participation of over 200 bankers from all over the world, reported the Jordan Times newspaper, quoting a statement by the Arab Bank, which will host the meeting.
The statement said that the meeting will be attended by financial institutions of fifteen countries in the Middle East.
Chairman of the board of directors of the Arab Bank, Abdul Majeed Shoman, said the meeting will be an opportunity for Arab banks to get acquainted with recent developments on banking operations worldwide.
The two-day meeting will also discuss a recommendation by the Jordan-based Basel commission regarding risks on credits extended to clients of commercial banks, said the paper.
The Washington-based IIF, which includes over 200 commercial banks worldwide, is aimed at supporting its members in tackling risk management and upgrading the banking sector in developing markets.
Among the issues tackled by the IIF are the procedures that will help financial institutions deal with crisis in emerging markets and offer assistance to private banks in these countries.
The previous meeting of the IIF was held in Oman in 1999.
Established in 1983 in response to the international debt crisis by 38 banks of the leading industrialized countries, the IIF says it has evolved to meet the changing needs of the financial community.
The institute has more than 300 members, headquartered in more than 50 countries -- Albawaba.com