Abu Dhabi, 27 February, 2018: First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, hosted HE Ahmed Al Sayegh, Chairman of Abu Dhabi Global Market (ADGM) at the ninth Global Financial Markets Forum (GFMF), which opened today.
The Global Financial Markets Forum (GFMF), the region’s premier financial markets conference, is being held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, at Emirates Palace in Abu Dhabi until February 28th. Bringing together economic experts and decision-makers from the UAE and the world, GFMF is set to attract over 1,600 delegates to network, exchange ideas and shape the global financial agenda.
During the session, HE Ahmed Al Sayegh, explored the importance of regulation, innovation, international standards and a global outlook in order to create the next generation of great UAE companies.
HE Ahmed Al Sayegh, said that the UAE has “a history of creating world-class companies. That’s what we know how to do in Abu Dhabi, and that’s why we have this ambition of creating an international financial centre.”
HE added that “we need to compete not just locally, but also internationally. And for that we need international rules, we need international regulations and we need international courts. We cannot just live within our bubble and expect to create global champions.”
HE further noted the importance of being responsive to stakeholders, and highlighted that “innovation is really finding solutions to the problems of industry. You can’t find solutions if you’re not talking to the industry.” HE added that “any regulation must be issued in consultation with the industry. That has been the most valuable tool for us to get feedback.”
The session was moderated by Chavan Bhogaita, Managing Director, Global Markets, First Abu Dhabi Bank.