Dubai, UAE, December 12, 2016:  Senior executives and industry thought leaders elected to chair key committees functioning under the UAE Banks Federation recently convened for their annual meeting at Viceroy Abu Dhabi to explore the key organization-specific and industry-wide economic prospects, initiatives and achievements of the year. The Chairpersons, who represent 17 multi-disciplinary verticals of the banking sector, also laid out their plans and priorities for 2017 as the year comes to a close. 

The meeting highlighted the need for furthering coordination between the committees in a bid to collectively strengthen the banking sector. Robust banking functions that adapt to the changing times and enhanced synergy among the various disciplines would further contribute to the UAE banking sector’s long-term growth and development, the meeting concluded. The federation also extended its appreciation and recognized the Chairpersons and members for their untiring efforts and contributions throughout the year.

The UAE Banks Federation’s 17 committees cover a wide spectrum of banking verticals and divisions, including Small and Medium Enterprises (SMEs), Wholesale & Corporate, Risk Management, Consumer banking, Legal, Marketing, Islamic Banking, Financial Markets, HR practice, Digital Banking, Compliance, Wealth Management, Audit, Operations, Fraud Prevention, Information Technology and Information Security.