Hosted by KPMG, the global audit, tax and advisory firm, the seminar will focus on the recently-released Basel III Regulations and its impact on financial organizations. Attendees will receive a briefing from a number of speakers, including Mr Peter Kohut, Director and Head of Financial Risk Management – KPMG in Bahrain.
“Bankers are asking us about the relevance of Basel III in Bahrain, how the new rules will impact local banks’ capital position and what the implications are for risk management, finance or financial systems,” said Mr Kohut.
“The typical headline elements of Basel III on the new capital requirements, which are most relevant for European or American banks, appear to be of limited impact for local banks. However, there are still a number of less talked about items as well as some important indirect or second order effects of Basel III which regional banks should consider.”
“Aside from the obvious need to improve capital and liquidity management, regional banks will need to consider more than before whether their strategic, business and product specific decisions take sufficient account of the inherent uncertainties and opportunities caused by the increasing dynamic complexities of the financial markets.”
Attendees also heard from Ms Johanne C. Prevost, , Adviser Regulatory Policy, Central Bank of Bahrain, Mr Steven Hall, a London-based KPMG Director, and Rajesh Menon, KPMG Qatar Advisory Partner.
In addition, the seminar discussed how financial institutions around the world are preparing to address the requirements of the new regulation and whether this will lead to safer banking and more resilient financial systems. The financial risk management breakfast was held at the Gulf Hotel, Manama.