The Union of Arab Banks (UAB) and the US Federal Reserve System will hold a three-day expanded meeting in Beirut Tuesday, to discuss the supervisory and regulatory banking challenges.

The meeting will be held in cooperation with the Banking Control Commission of Lebanon (BBCL). Senior officials from the Federal Reserve Bank, in both New York and Richmond, will also participate.

Assistant Secretary of the US Department of the Treasury for fighting money-laundering and funding terrorism, Daniel Glaser, confirmed his support for Arab-American dialogue, which will be held in New York in October, with the support of the Department of the Treasury.

The UAB revealed that the study conducted in cooperation with the IMF in Washington was completed. The study was on the effect of international legislations and regulations on the Arab banks’ performance and transactions, and the future of banking in the Arab region.

bbabo.Net