Arab Monetary Fund calls banks be careful about expansion in excessive lending

GMT 13:55 2016 Tuesday ,15 March

Arab Today, arab today Arab Monetary Fund calls banks be careful about expansion in excessive lending

Arab Monetary Fund
Abu Dhabi - WAM

Banks should be careful about unjustifiable excessive lending and provision of loans and financial facilities, Dr. Abdulrahman Al Hamidy, Director General Chairman of the Board of the Arab Monetary Fund (AMF), has warned.

''Risks that banks are facing because of expansion in lending have negative effects on the economy and this could cause severe financial and economic crises whose far reaching impact transcends national economies to the global economy as it happened during the international financial crisis in 2008,'' Al Hamidy said in an address before a course on Risk-Based Supervision read on his behalf by Dr. Saud Albrikan, Director of the AMF's Economic Policy Institute.

He underlined the importance of supervision on banking activities and the need for flexible regulations to ensure they are performing their job properly as a driving force for economic growth.

Organised by the AMF in collaboration with the Financial Stability Institute (FSI), Bank for International Settlements, the three-day event will address banking supervision according to international regulatory framework for banks (Basel III), risk management in major financial corporations, interest rate risks, assessment of Banks asset and liability management, liquidity risks and application of Basel III in Arab countries.


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