EVENT OVERVIEW
The global banking industry today is facing a number of unprecedented threats and challenges. The prospects for the global economy remain uncertain, with global debt, political uncertainty, trade tensions, and volatility in commodity and currency markets being a major concern for governments and businesses around the world. And the inability of governments to increase interest rates or reverses unconventional monetary policy without impacting economic growth leave few policy options to address any future economic shocks.
This conference will provide an opportunity for the highest levels of policy makers and industry leaders to discuss and address these challenges, and present a way forward for the industry. We will hear from governors of central banks, economists and CEOs of banks on their perspectives on these different challenges, and collectively work to present a shared vision for the sustained growth of the industry.
CONFERENCE OBJECTIVES
To discuss the current state of the global economy and its impact on the banking industry, keeping in mind government strategies to build a diversified and sustainable economy;
To highlight the impact of innovation and technology on financial services, including the main challenges and innovative solutions that are being created for the banking industry;
To provide insights on how the banking industry needs to evolve and adopt its business model to navigate through these disruptive times; and
To present a future direction and collective way forward for the banking industry to continue to grow and positively contribute to economic and social development.
CBK International Banking Conference Whitepaper
Key Recommendations:
- Banks must transform into high-tech companies if they want to become more profitable; banks should embrace fintech and become more inclusive.
- Blockchain can play a big role in securing data for banks and maintaining data integrity.
- Banks should harness big data to combat financial crime and money laundering as it can enable them to identify suspicious behavior and pursue investigations.
- Regulators must change their mindset and resist the urge to control the pace of change if they are to overcome the current challenges in the market.
Kuwait Banking Report 2019: Evolving Landscape
Report Key Outcomes:
- Kuwait’s economy has regained momentum in the last couple of years and further economic growth expected with the New Kuwait Vision 2035 infrastructure program underway boosting the contribution of the private sector.
- Total assets of Kuwait’s banking sector amounted to $221 billion in 2018, with new expansion opportunities in project and SME financing.
- CBK is shaping the future of banking in Kuwait, helped by its new transformation strategy focused on promoting innovation and boosting efficiency. Key initiatives of CBK’s transformation agenda include the newly established Regulatory Sandbox and the Kuwait National Payments System (KNPS).
- CBK has collaborated with recognized multilateral bodies and academic institutions to develop the skills and knowledge of the broader banking workforce in Kuwait.
Event Sponsors
- We look forward to your participation
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Date
23 September 2019
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Contact Details
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Location
Four Seasons Hotel Kuwait at Burj Alshaya,
Al-Soor St,
Kuwait City,
Kuwait -
Organized By CBK
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+965 22973910
+965 22972802
+965 22975102
+965 22973916
+965 22973526