Moody's to host banking, Islamic finance event in Bahrain
DUBAI, August 31, 2015
Moody's Investors Service is set to host its first Banking and Islamic Finance Workshop in Bahrain on September 2.
It will focus on Bahrain's banking sector amid low oil prices and global headwinds, said a statement.
Jehad El-Nakla, general manager, said: "This is the first conference of its kind in Bahrain, bringing Moody's credit analysts together with investors, intermediaries and executives from corporates and financial Institutions to discuss the outlook of the Bahraini banking system and developments in Islamic capital markets."
The workshop will kick-off with a presentation from Jean-Francois Tremblay, associate managing director, Financial Institutions Group, surrounding key global developments within credit markets.
"Global headwinds are numerous and market participants are avid to discuss the complex ramifications that recent developments have on banks'
credit quality internationally. During the workshop, we will discuss the likely impact of the Chinese economic slowdown, persistently low price of oil and other commodities, currency volatility and related downside risk scenarios" said Tremblay.
The workshop will also provide Moody's assessment of the local operating environment and the creditworthiness of banks in Bahrain and the rest of the region.
In addition, the workshop will also discuss the latest developments in the Islamic finance sector as well as growths trends and liquidity management challenges.
Khalid Howladar, global head of Islamic Finance, said: "Despite a difficult global environment the Islamic finance sector continues to show strong growth trends both locally and globally. We will be exploring these trends in detail at our event."
Senior members of Moody's financial institutions group will also be presenting on 'Bahraini Banks Resilient in the Face of Challenges'; 'Islamic Banking: Growing Fast with Liquidity Management Challenges'; and 'Sukuk Instruments: Global Appetite Despite Structural Complexity.' - TradeArabia News Service
