High-profile speakers from the financial and legal sectors, Gulf regulators and institutions to review developments and offer practical advice for 2008
London, UK — January 22, 2008 – Complinet, the leading provider of dynamic and connected risk and compliance solutions to the global financial services industry, has announced the full programme of speakers and topics for its 2nd GCC Regulators' Summit. It will be held on February 19th and 20th at the Ritz-Carlton, Manama, Bahrain. The event is aimed at international and regional banks that understand the value of doing business and establishing offices in the Gulf.
Senior speakers from the main sponsors, the Central Bank of Bahrain, Qatar Financial Centre Regulatory Authority, Bahrain Financial Services Development, FINRA, Arab Bank, Gulf International Bank, Gulf Finance House, will address delegates. Other sponsors and speakers include international law firms Freshfields, Baker Botts and DLA Piper, and professional services firm Ernst & Young. Other sponsors include the Dubai Multi Commodities Centre (DMCC), the Dubai International Financial Centre, (DIFC), the Securities & Investment Institute, the University of Reading, Al Khaliji Bank and CRS.
The event will build on the momentum from last year's inaugural conference in Qatar, which was attended by more than 200 delegates. His Excellency Rasheed Al-Maraj, Governor of the Central Bank of Bahrain, will officially open the event.
The conference will cover the following topics: regulatory standards, capital market regulations, Basel II, training and education, operational risk and money laundering, corporate governance and enforcement.
Jane Diplock, chair of the executive committee of the International Organisation of Securities Commissions and chair of the New Zealand Securities Commission, and David Rutledge, chief executive of the DMCC, will co-chair the conference.
The speakers include: Phillip Thorpe, chairman and chief executive of the QFCRA; Khalid Hamad, executive director of banking supervision at the Central Bank of Bahrain; Paul Andrews, vice president and deputy managing director, FINRA; Michael Matossian, global head of compliance at Arab Bank; Ian Johnston, managing director, DFSA, Al-Harith Sinclair, Partner, Head of Regulatory and Government Affairs for the Middle East, DLA Piper Middle East, Jan Babiak, MD Regulatory and Public Policy, Ernst & Young and much more.
Leas Bachatene, Managing Director for Complinet in Dubai, said: "This event is a great opportunity for compliance officers to build relationships with regulators and vice-versa. We are delighted to have so many of our sponsors from 2007 returning after such as a successful first event.
"It is a great opportunity once again for regional regulators to showcase their sophisticated regimes to overseas firms. This is also a key part of Complinet's strategy to help build a vibrant compliance community in the region."
Khalid Hamad, Executive Director, Banking Supervision, at the Central Bank of Bahrain, said the CBB was delighted to support an event focused on such regulatory issues as corporate governance and regulatory standards for the financial services industry.
“Maintaining the soundness of the financial system is at the very core of what we do at the CBB and we welcome this opportunity to share our experiences with our peers and the industry and to hear about their experiences.”
Jane Dellar, Managing Director from the Bahrain Financial Services Development, said:
“We look forward to partnering with Complinet to host the 2nd GCC Regulators’ Summit and to welcoming the region’s regulators, financial authorities and institutions to Bahrain. The Gulf is playing an increasingly important role in the growth in global finance and regulation is central to this success. This summit provides senior industry executives with a unique platform to hear from all the leading regulators and to debate current regulatory and finance market developments.”
The programme for the 2nd GCC Regulators' Summit can be found at:
Complinet is the leading provider of solutions that dynamically deliver relevant compliance intelligence to industry professionals within the highly regulated global financial services community. Complinet enables customers to minimise their exposure to risk by providing the information and technologies they need to track and connect live external events, such as regulatory or sanction changes, with internal policy management and screening activities.
Complinet was founded in 1997 and employs more than 200 people in its offices in New York, London and Dubai. Every day, industry professionals in more than 1,200 firms across 81 countries rely on Complinet to provide information, analysis and solutions that help them keep pace with changing regulations.
In August 2007, Financial News named Complinet as one of the 21 technology companies most likely to shape the future of the financial services industry.
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