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04 09 2019
Wednesday and Thursday, September 4 and 5, 2019,
At Marriott Hotel, Abu Dhabi – United Arab Emirates
The role of deposit insurance institutions in crisis management
Framework for assessing and mitigating insurance risks
Segmental application of the capital margin to cyclical fluctuations
Application of real estate price indices and financial stability indicators
Preparation of the 2020 Financial Stability Report
The 10th regular meeting of the Working Group on Financial Stability (FATF) in the Arab States opened Wednesday morning at the Abu Dhabi Marriott Hotel. It should be noted that the team emanates from the Board of Governors of Central Banks and Arab Monetary Institutions. Representatives of regional and international financial institutions such as the World Bank, the Financial Stability Board, the Basel Committee on Banking Supervision, the International Federation of Deposit-Taking Institutions and the International Federation of Securities Regulators. Insurance will attend the meeting.
The team contributes to the development of policies and tools to enhance financial stability in Arab countries and to exchange experiences and experiences among them in this regard. It also includes the preparation of the report on financial stability in Arab countries, the preparation of working papers and studies on the state of financial stability in the Arab countries and related aspects, as well as contributing to awareness-raising on problems of financial stability through the holding of seminars, workshops and the publication of periodic reports.
During the meeting, the team will address a number of new topics, including tests of the general stress situation and experiences of some Arab countries in this regard. The team will also discuss the application of the real estate price index and its role in the monitoring of price bubbles and hence in real estate risk assessment. In addition to several new topics of interest for financial stability issues in Arab countries, such as the impact of the application of the International Financial Reporting Standard (IFRS9) on financial stability, digital currencies, the impact financial technologies on financial stability, the risks of the non-bank financial sector and the role of crisis management institutions, framework for assessing and mitigating insurance risks and sectoral application of capital margin to cyclical volatility .
The panel will also review a number of working papers, including the role of loan-to-value ratios and debt-to-income ratios in real estate bubble mitigation and credit growth, which is attracting growing interest in several countries, these two tools constitute one of the main precautionary tools used to reduce the accumulation of risks in both sectors. Indebtedness of individuals and real estate. The paper will also discuss financial stability indicators for methodologies and targets, in which many Arab countries have developed this index, recognizing the importance of monitoring developments related to financial stability, taking into account financial and economic factors and capital market variables. In addition, the group will consider the draft questionnaire of the Financial Stability Report for the Arab States by 2020, the themes of the report and the timetable for publication.
On the other hand, the Committee will hear a presentation from the Financial Stability Board on the latest developments related to its activities.
It should be noted that the Arab Monetary Fund, as the technical secretariat of the Board of Governors of Central Banks and Arab Monetary Institutions, is the secretariat of the team. The tasks of the Fund in this respect are based on the preparation of the agenda, the contribution to studies and reports prepared by the Committee and the follow-up of the Group's recommendations.
© Press Release 2019
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