The CEOs Consultative Council of the UAE Banks Federation (UBF), in its meeting held on Monday, discussed the strategies and plans for Emiratisation in the banking and finance sector in the country.
The council also considered the programmes being implemented by the federation to enhance the skills and qualifications of Emirati youth to enable them to take on leadership roles in the industry.
The CEOs present at the meeting of the council – the representative body of the UAE banks – also discussed the federation’s plan and topics of the training and technical sessions in the coming period to keep pace with the rapid developments in the banking and financial sector to ensure the adoption of the best banking practices.
Participants in the meeting also deliberated on the cooperation with various committees under the federation to advance their work, and efforts being made to ensure the highest level of governance and transparency in the sector.
The meeting also discussed the national fraud awareness campaign, which is in its third consecutive year and has been successful in raising public awareness of the dangers of fraud over the past two years, especially given the increasing reliance on e-commerce, banking and digital transactions.
In addition, the meeting discussed the ‘Cyber Wargame’ initiative – part of the federation’s efforts to promote cybersecurity and best practices to increase the level of security and protection of digital infrastructure – as well as to enhance collaboration with the Ministry of Justice and the Cybersecurity Council.
Mohammed Omran Al Shamsi, Vice Chairman of UBF and Chairman of the Consultative Council, said the council, in collaboration with the Advisory Council and Board of UAE Banks Federation, was working on initiatives to develop innovative solutions that meet the needs of customers and build an integrated system that safeguards the interests of the banking and financial sector in the UAE.
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