JIB sponsors Risk Assessment Forum/ UAB

Jordan Islamic Bank (JIB) has sponsored Union of Arab Banks’ forum in cooperation with the Association of Banks in Jordan (ABJ) regarding Risk Assessment titled “Enhancing the Supervisory and Regulatory Frameworks related to Correspondent Banking, De- Risking”. However, on behalf of the CBJ’s Governor, Dr Adel Sharkas, Deputy Governor of the CBJ inaugurated the forum with a participation of Arab banks, decision- makers, supervisory and regulatory bodies in the field of banking business and experts in the field of risks during the period 16th -17th May in Dead Sea Kempinisky Hotel. Mr. Musa Shihadeh, CEO / General Manager of JIB , Chairman of ABJ extended his thank to the UAB for organizing this significant forum in Jordan , to the CBJ for its auspice and to the participants and attendees for their interest in the forum. Shihadeh confirmed that JIB’s  diamond sponsorship of this forum is a continuation of its partnership to support activities of the UAB and to present its social role through the participation in most conferences and local and foreign forums that are associated with its business fields or in which is helpful for the development of Islamic  and Arab banks. Dr Hussein Said, Deputy General Manager of JIB participated in the forum as a primary speaker in the first session titled  “International Initiatives on De-Risking – UAB and International Monetary Fund Initiative”, in addition to the participation of a group of the bank’s  specialist staff in different sessions of the forum. Mr. Wisam Fattouh , the Secretary General of UAB handed Jordan Islamic Bank an honorary shield in appreciation of its sponsorship of this forum , commending all efforts and initiatives undertaken by the bank to serve UAB ‘s progress. The forum which continued for two days , threw light upon the main challenges facing Arab banks and correspondent banks in current time, the mechanisms and Prudential Regulatory Procedures and sound practices for risk assessment and identify the latest and most prominent amendments on the international and regional initiatives in light of the negative effects resulting from terminating and restricting of correspondent banking relationship with many international banks.