20th International Conference of Banking Supervisors to be held in the United Arab Emirates

The Basel Committee on Banking Supervision announced today that the United Arab Emirates will host the 20th International Conference of Banking Supervisors that will take place on 28-29 November 2018. The ICBS, which has been held every two years since 1979, brings together senior central bankers and bank supervisors from more than 100 countries as well as representatives of international financial institutions. The conference promotes the discussion of key supervisory issues and fosters the continuing cooperation in the oversight of international banking. With its wide membership of senior supervisors and policymakers, the ICBS presents a unique opportunity for a broad-based discussion on issues that are timely and relevant to supervisors in advanced and emerging market economies alike.

Stefan Ingves, Chairman of the Basel Committee on Banking Supervision and Governor of Sveriges Riksbank, expressed his gratitude to the Central Bank of the United Arab Emirates for hosting the ICBS, remarking that this "demonstrates the commitment of the United Arab Emirates to the Basel Committee and their active adoption of global regulatory standards".

Notes to editors

The Basel Committee is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability. The United Arab Emirates joined the Basel Committee in 2014 as an observer.