Complinet to Host the Fifth GCC Regulators’ Summit in Abu Dhabi

Published July 25th, 2010 - 10:42 GMT

Complinet, a leading provider of connected risk and compliance solutions and part of Thomson Reuters, is pleased to announce that the Fifth Gulf Cooperation Council (GCC) Regulators' Summit will take place in Abu Dhabi on February 16 and 17, 2011, under the auspices of the Emirates Securities & Commodities Authority.

The summit will be inaugurated by the United Arab Emirates' Minister of Economy, H.E. Sultan Bin Saeed Al Mansoori, as well as H.E. Abdullah Al Turifi, the chief executive officer of the Emirates Securities and Commodities Authority (ESCA).

Celebrating half a decade in 2011, the GCC Regulators' Summit remains the Middle East's leading event for regulation, compliance, risk and corporate governance, providing a platform for regulators and financial professionals to meet and discuss challenges, propose solutions and share best practices in a unique conference experience.

The two-day conference will cover emerging challenges facing financial market regulators, the evolution of corporate governance, regulation of institutional investments, responses to compliance challenges, systematic risks, fraud and corruption, training, and much more.

The National Bank of Abu Dhabi (NBAD) has confirmed its position as the official bank of the Fifth GCC Regulators' Summit. "The GCC is a key player in international commerce and finance, and NBAD is pleased to facilitate forums for the region's regulators," said John Garrett, the general manager and chief audit and compliance officer at NBAD. "NBAD has worked to implement the best practices in compliance and corporate governance. In 2008, NBAD won the prestigious UAE Corporate Governance Award from Hawkamah Institute of Corporate Governance."

The Qatar Financial Centre Regulatory Authority, which has continuously supported the summit, is the exclusive lead sponsor. Phillip Thorpe, the chairman and CEO of the Regulatory Authority says:

"The QFC Regulatory Authority has been a long-term supporter of the GCC Regulators' Summit, both as participant and sponsor. As the event has grown over the last half-decade, so too has its significance as the Gulf's meeting place for those concerned with the regulation and good governance of the region's financial markets and institutions. We look forward to a successful fifth event in February."

Further partners of the summit that have already confirmed their presence and support for next February's event include: Legal Partners, Baker Botts, Hadef & Partners, Simmons & Simmons, Professional Consultancy Partners, Deloitte, Institutional Partners, the Bahrain Chamber for Dispute Resolution, the International Compliance Association and supporting partners, and Barclay Simpson.

Leas Bachatene, the managing director for Middle East and APAC, Complinet, said: "As GCC and Middle East and North Africa economies continue to attract global investment, the issues of governance, regulation and compliance will remain key factors of international confidence in the region. GCC regulators, central banks and market authorities are actively balancing the need for growth with the imperatives of good governance and sound risk management. Complinet's annual GCC Regulators' Summit is the region's exclusive forum for regulatory, compliance, legal, and financial professionals to converge and collaborate on these vital issues." 

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