ICAI Dubai Chapter’s Banking Summit – Paradigm to progress.
25th November, Dubai, UAE – The Institute of Chartered Accountants of India (ICAI), Dubai Chapter hosted a “Banking Summit; Paradigm to Progress’’ recently in the city with Chief Guest H.E Mohammed Al Hashemi, Chairman, UAE Financial Markets Association.
The event was attended by well-known CEO’s and leaders in the Banking sector who shared their expertise knowledge on the future of banking. The event focused on the future outlook of funding and major function of the general business in finance market.
The seminar saw some of the finest minds come together to share the stage for a very informative discussion. CA Mo Farzadi, Partner PWC spoke on Debt Restructuring. CA Promoth Manghat, Executive Director, Finabir and Group CEO of UAE Exchange had a very insightful session about Future Of Banking. CA Surya Subramanian, Group CFO Emirates NBD and Alan Burke, Head of Business Compliance, Emirates NBD took to the stage to talk about Banking Compliance and Regulatory Perspective. CA Mahadevan Radhakanthan, Chief Credit Officer at RAK Bank shed light on the SME Funding- The Future Outlook and Vikram Reddy, VP, Wholesale Risk Management, Mashreq spoke in depth on corporate credit, An art or science.
CA Mahmood Bangara, Chairman. ICAI Dubai said, “The Banking summit is an attempt to bring together experts who can not only help us understand future of the industry but also give us the importance to ensure a healthy financial foundation. As accounting professionals, I believe we have a large role to play in helping businesses mitigate the risks and create a fool-proof system.”
He further added, “Dubai’s economy takes a cyclical swing every 3-5 years. It has oil rich neighborhoods, self-driven tourism, favorable logistics and technological transformations that are promising for the economical growth. Banking sector is also adapting to innovations, alterations as well as effective information system. With improvised banking infrastructures, every transaction now has its trail and visible path. UAE banks and customers will see better liquidity position over the years.”
Banking is an integral part of the world of business and industry, which is reflected in all layers of the economy. An insight into the lending/borrowing, enhancing level of compliance, debt re-structuring and relevance of rating agencies will be of paramount importance to ensure a healthy financial foundation. Such Banking summit arrangements are organized update and understand the vibe of current trends in banking.
ICAI Dubai is an award-winning organization that is the second-largest accounting body in the world. With over 250,000 members, it celebrated 35 years of excellence this year. Under the leadership of Chairman, CA Naveen Sharma, the Dubai chapter of the ICAI has organised several focused seminars that touch upon relevant issues. Aimed at creating awareness and enabling discussions on innovative solutions, the seminal body has bridged the gap between professionals and the public. With panel discussions, mentorship programs, conferences and a radio show, the organisation has always tried to bring relevant issue that impact both the financial world as well as the general public. Their focus has been to expand the role that accounting professionals play to ensure perfect financial health for the business world.
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