FSI organizes discussion session on liquidity & risk – Event hosted by CBK

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KUWAIT CITY, May 3: The Financial Stability Institute (FSI), which is affiliated to the Bank for International Settlements in Basel, Switzerland, organized an open discussion session; in conjunction with the General Secretariat of the Gulf Cooperation Council with the Central Bank of Kuwait as host.

In his opening speech, Executive Director of the Supervision Sector in the Central Bank of Kuwait Waleed Al-Awadhi underscored the importance of benefiting from the global experience in the field of liquidity and recovery from default risk.

The session entitled, “Liquidity Risk and Recovery Plans from Default and Insolvency for Local Banks with Systematic Effect”, will continue until May 5.  It covers two important topics – liquidity and risks.

Participants include experts from various countries. They are discussing various topics and will conduct detailed research.

Top financial expert in FSI Jermy Prenio presented case papers concerning the 2008 global economic crunch, important reform applications and standards, in addition to the liquidity standards presented by Basel Committee on Banking Supervision (BCBS).

Prenio pointed out the important fields where reform is necessary after the global economic crisis, for international financial institutions to be more flexible, to make financial derivatives safer and to transform shadow banks into more flexible markets.

The session is part of the GCC countries’ annual workshops aimed at strengthening the oversight role played by central banks and monetary institutions in these countries to be on par with international standards.

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