"The Middle East is enduring tighter financial conditions in all markets along with the rest of the world … at the same time it is consolidating its position as a major world financial centre as the region continues to grow in influence and attractiveness to external investors - and as the market for Islamic banking expands as a result of these dynamics and conditions there is an increasing need to reinforce the existing regulatory frameworks across the region and to take advantage of the best practices in Reporting and Risk Management from around the globe." Comments Roy Barnes, Head of Middle East Operations at FRSGlobal.
As a world leader in Risk and Regulatory compliance, FRSGlobal is ideally positioned to assist banks and financial institutions in the Middle East region to meet the challenges of the new environment in which they must operate, and support them in implementing a world leading regulatory framework.
For example, liquidity risk management is a pressing issue right now and FRSGlobal will build on the recently introduced legislation on Liquidity risk management and solutions being implemented by the FSA in the UK to offer a similar innovative approach in the Middle East region, with informative briefings commencing immediately.
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Roy Barnes heads up the sales operation in the Middle East.
Dr Sunil Kumar is Head of Risk Management Middle East for FRSGlobal.
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FRSGlobal are proud to announce the signing of a new partnership agreement with ITS, a leading integrated information technology solutions and software services provider based in Kuwait.
Left to right: Ismail Ali, Marketing Manager Banking ITS. Mohamed Zaki, Assistant General Manager Sales & Marketing ITS. Bob Suvan, SVP Global Operations FRSGlobal. Abed AlNeaser, Senior Product Manager ITS. Roy Barnes, Head of Middle East Operations FRSGlobal. Dr. Willi Brammertz, Senior Risk Adviser FRSGlobal.
Conventional bank converting to Islamic bank (