National Bank of Fujairah holds inaugural Liquidity and Market Risk Management workshop for Board and senior staff

National Bank of Fujairah recently organised its inaugural liquidity and market risk management workshop for its Board members including NBF’s Chairman, His Highness Sheikh Saleh Bin Mohamed Bin Hamad Al Sharqi and other NBF senior management.

Led by industry expert, Douglas Bongartz‐Renaud, the two-day workshop covered various aspects of liquidity risk management including managing the liquidity structure of the bank’s balance sheet, funding strategies, and the related requirements under Basel III. The market risk management sessions focused on FX and interest rate risk management, as well as the impact of new industry regulations.

Commenting on the training, NBF’s CEO, Vince Cook said: “It’s evident that the banking industry today faces a complex market environment due to a number of challenging macroeconomic factors. At this time, maintaining liquidity, while navigating market risks will be of utmost importance, particularly as these areas are experiencing exceptional volatility and unpredictability.”

“This training has been essential in enhancing our internal processes and helping with our strategic planning priorities, and I would like to thank the bank’s board members for taking the time to participate. We strongly believe this will further strengthen us as a bank and allow us to continue delivering the best-in-class solutions we are known for in the industry.”