The Banking Executive Magazine - November 2024

WUAB Forum A PRESTIGIOUS GATHERING OF BANKING EXPERTS The two-day event brought together a distinguished assembly of banking executives, internal auditors, compli- ance officers, and risk management specialists. More than 25 renowned speakers from various financial insti- tutions, consultancy firms, and regu- latory bodies delivered insightful presentations and participated in dy- namic panel discussions. This con- vergence of expertise created a fertile ground for discussing the evolving challenges and opportunities in the banking sector, particularly in inter- nal audit, compliance, and risk man- agement. Attendees included high-ranking of- ficials from Arab and international banks, representatives from regula- tory authorities, and professionals from leading organizations specializ- ing in auditing and risk management. The forum also welcomed partici- pants from emerging markets, reflect- ing the event’s commitment to foster- ing a global perspective. A ROBUST AGENDA OF KEY TOPICS The forum’s agenda addressed some of the most pressing issues facing the banking industry today, focusing on how internal audit, compliance, and risk management can drive prosper- ity and stability in an ever-changing financial landscape. Key topics in- cluded: • Building a Future-Ready Internal Audit Function: Speakers explored how banks can modernize their internal audit functions to address emerging risks and leverage technology to en- hance efficiency. • Bank’s Culture and the Role of Internal Auditors: Discussions emphasized the im- portance of cultivating a strong risk-aware culture and the pivotal role internal auditors play in foster- ing ethical and transparent prac- tices. • Strengthening Internal Audit's Role with Key Stakeholders: Panels highlighted strategies for enhancing collaboration between internal auditors and other critical stakeholders, such as boards of di- rectors and executive manage- ment. • Combined Assurance Model: This session delved into the inte- gration of various assurance func- tions to provide a cohesive and comprehensive approach to risk management. • Risk Management and Compliance in the Digital Banking Era: Experts shared insights into manag- ing risks associated with digital transformation, including cyberse- curity and regulatory compliance. ISSUE 190 NOVEMBER 2024 the BANKING EXECUTIVE 49 Mr. Mohamed El-Etreby, Chairman, Federation of Egyptian Banks