Program — Day 1

Registration

Welcome note

Chris Pilling, Chief Executive Officer, Complinet

Keynote Opening Address:

Nasser Mohammed AlShaali, Chief Executive Officer, Dubai International Financial Centre Authority

Keynote speech

Jane Diplock, Chairman, Executive Committee, International Organisation of Securities Commission, Chairman, New Zealand Securities Commission

Panel session:Regulatory Challenges, Standards and Objectives and the new role of Policy Makers post the Financial Crisis

• How will the regulatory framework of regional banks be altered by the financial crisis?
• How can the GCC regulators limit banks and financial institutions exposures? What measures are needed in order to avoid excessive risk?
• What are the lessons of the global financial crisis in credit markets and how do they affect the GCC?

Jane Diplock, Chairman, Executive Committee, International Organisation of Securities Comission, Chairman, New Zealand Securities Commission (Moderator)

Yousif Hassan, Director, Retail Banking Supervision Directorate, Central Bank of Bahrain

Ian Johnston, Deputy Chief Executive and Managing Director, Dubai Financial Services Authority

Michel Prada, Former Chairman, Autorité des marchés financiers

Phillip Thorpe, Chairman and Chief Executive, Qatar Financial Centre Regulatory Authority

Q&A session: Corporate governance developments: Regional Framework

• What are the challenges in improving corporate governance standards across the GCC? Will there be different codes across the region? How does an anti-corruption program support good corporate governance?
• Public Disclosure, how often should a disclosure be made? Remuneration of directors?
• Future Role of the rating agencies in the Middle East? Transparency and financial due diligence – key lessons for GCC business going forward
• How does one create the best corporate governance structure? What is the role of firms, boards and senior executives? How valid is the principle of comply or explain? Shareholders rights?

Patrick Ko, Senior Corporate Counsel, Freshfields Bruckhaus Deringer (Moderator)

Tania Fabiani, Head of Forensic & Integrity Department, Abu Dhabi Audit Authority

Dr Nasser Saidi, Founder and Director, Hawkamah, and Chief Economist, Dubai International Financial Centre

Michael Matossian, EVP & Global Head of Group Compliance, Arab Bank PLC

Michael Webb, Managing Director, Financial Sector Development and Policy, Qatar Financial Centre Regulatory Authority

Q&A session: Principles of securities regulations for the capital markets

• What are the supervisory and legal challenges? How should the institutional development of the market be strengthened?
• How efficient are the rules for IPOs? How can the quality of listed companies be improved? How can their operations be standardised?

Al Harith Sinclair , Partner & Head of Regulatory Affairs,DLA Piper Middle East (Moderator)

Michael Grifferty, Regional Advisor, US Department of Treasury

Nick Seaward, Board Member, Securities & Investment Institute

Panel session: The Challenges of Real Estate regulation in the GCC

• How can regulation help sustain real estate investment in the GCC?
• Which GCC countries currently have the most attractive/effective real estate regulatory environment?
• Risk Management and Exposure. Who bears the risk? Banks? Investors?
• Introduction of Real Estate Investment Trust - Islamic REITs vs. conventional REITs – are there further structuring complexities?

John Hermann, Special Counsel, Baker Botts (Moderator)

Lubna Qassim, Executive Director, Legal & Regulatory Affairs Department, Dubai Economic Council

Matthew Shaw, Chief Investment Officer, Evolvence Capital

Emad Eldin Farouq, Legal Advisor, Dubai Land Department

Panel session: Operational & Market risk developments and challenges in the GCC

• How have regional Central Banks assessed the readiness of banks for the future operational risk standards? What are the main risks that banks face in the GCC?
• Steps to take towards compliance with the internal ratings based approach for credit risk.

Michael Zamorski, Managing Director, Supervision, Dubai Financial Services Authority (Moderator)

Susan McAll, Risk Management Director, Lloyds Banking Group, Wealth and International Banking Division

Cherno S Jallow, Director of Policy Research & Statistics, Financial Services Commision, British Virgin Island

Panel session: Regulation of exchanges

• Minimum requirements for market long term stability: Advantages and threats
• The importance of transparency
• Market surveillance

Aryan Schoorl, Senior Counsel, Freshfields Bruckhaus Deringer (Moderator)

Martin Kinsky, Managing Director Markets, Dubai Financial Services Authority

Michael Dalby, Director, Qatar Financial Markets Authority

Panel session: Leveraging information technology for automated regulatory reporting and data analysis

James Keenan, Former Director, Financial Services Authority (Moderator)

Thomas Beyer, Managing Director, Middle East and North Africa Consulting Group Lead, Bearing Point

Martin Murnaghan, Executive Vice Chairman, Vizor

Bashir. Al-Nakib, Managing Partner/CEO, Compliance Alert

Closing remarks and close of day one