The Bahrain Association of Banks (BAB) has announced the approval of 12 new specialised committees covering a broad range of core functional domains within banking and financial work. 

This initiative represents an essential part of the Association’s strategy to keep pace with the rapid developments shaping the industry and to strengthen its role as an effective platform for advancing the financial sector in the Kingdom.

These committees bring together more than one hundred and forty executives and professionals from member banking and financial institutions. 

They comprise the following: AML and Compliance Committee chaired by Abeer Al Shihabi, Digitisation Committee chaired by Dr. Yousif Al Mas, Financial Supervision Committee chaired by Mahmood Taheri, Human Capital Committee chaired by Afnan Saleh, Investment Banking Services Committee chaired by Nail Mustafa, Islamic Banking Standards and Sharia Committee chaired by Dr. Sheikh Abd Al Nasser Al Mahmood, Legal Committee chaired by Caby Al Hakim, Retail Banking Services Committee chaired by Sabah Al Zayani, Risk Management Committee chaired by Ibrahim Mishal, SME Banking Services Committee chaired by Wissam Baqer, Treasury Committee chaired by Mohamed Al Rays, and Corporate Communications Committee chaired by Hisham Abu Al Fateh.

As part of preparations for the launch of these committees’ work, BAB held a preliminary meeting during which it presented a brief overview of the work strategy, the committee's governance framework, and their operational plans for the upcoming phase.

On the key initiative, Zeeba Askar, the Chief Executive Officer of BAB, said: "The formation of these committees marks a significant milestone in the Association’s efforts to further strengthen the banking and financial ecosystem in the kingdom."

"We extend our sincere appreciation to the chairpersons and members of these committees and look forward to the outcomes of their work and their valuable contributions to the ongoing development of the financial and banking services sector in the Kingdom of Bahrain," he added.-TradeArabia News Service