Jonathan Lyon, CEO Burgan Bank, said:
"The conference came at an extremely crucial time and aimed at bringing together industry leaders to discuss the current financial crisis. Over the last year or so, the world markets have faced numerous challenges which have impacted practically all sectors of the economy. These challenges were addressed and solutions were sought to develop clear strategies that will hasten the recovery from a micro and macro economic level. This forum enabled us to share ideas and opinions as well as look at ways to overcome some of the challenges that we may still face during the recovery stages."
The forum focused on key topics which included; the Arab economies in the post-crisis phase, the new regulatory paradigm and the role of central banks, the challenges facing Arab banks from the slowdown in economic growth, the liquidity shortage, and the decline in asset values.
"These topics are of great importance and relevance considering the turmoil the industry has undergone in the past year. The conference provided a perfect platform for industry experts to interact and discuss the way forward for the financial industry," added Mr. Lyon.
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