A seminar on “Banking Governance in Maghreb Countries: “Which Opportunities for Post-Crisis Period?” was held in Tunis. The seminar included two panels which focused on “Banking Governance, Performance and Financial Stability” and “Banking Governance in Maghreb Countries: Which Benchmark?”
Academics, experts and representatives of banks from Maghreb and European countries attended this workshop, organised on the sidelines of the 3rd international banking services and e-money exhibition, held at El Kram Exhibitions Park.
Governor of the Central Bank of Tunisia Taoufik Baccar highlighted, at the opening of the seminar, the initiative taken by Maghreb countries, in association with the International Monetary Fund (IMF), to strengthen regional co- operation and promote economic integration to achieve joint ambitions in different areas.
He pointed out that the international community, which suffered from the global financial crisis, is called to carry out deep reforms, particularly the materialisation of foundations of banking governance to guarantee international financial stability and sustained growth.
Amor Tahiri, Deputy Director General of the Middle East and Central Asia Department at the IMF, said banking governance is a condition which Maghreb countries should meet to make the most of the opportunities of the post-global financial crisis. He added that “reinforcement of foundations of banking systems,” “promotion of competitiveness,” “development of financial markets,” “establishment of security network to face up to likely crises” and “consolidation of monitoring” are major challenges that the Maghreb banking system will have to take up in the next stage.