(MENAFN - Emirates News Agency (WAM)) The CEOs Advisory Council of the Emirates Banks Association recently held its sixth and last meeting for this year, headed by AbdulAziz Abdulla Al Ghurair, Chairman of the EBA Board of Directors, and reviewed the key topics and recent updates related to banking.
The Advisory Council emphasized the importance of Emiratisation and attracting the largest possible number of UAE National graduates to work in the banking sector and to receive the best training on all work aspects to achieve leadership positions. The Council also stressed the need to increase the number of employees in the banking sector by attracting candidates from different sectors and not to rely on hires from one bank to another.
The Council also discussed the issue of security checks provided by customers to their banks to avail banking facilities they need to help run and facilitate their businesses. The Council continued its previous discussions on the latest instructions of the Central Bank regarding the monitoring of large exposure limits and the intention to make some adjustments on same.
In addition, the Council discussed the subject of the Foreign Accounts Tax Compliance Act (FATCA) and the extension of the date of the official take-off of this law, and the necessity to continue coordination with the Central Bank and the Ministry of Finance to provide guidance to banks in this regard.