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KPMG holds webinar on Qatar’s banking sector

KPMG holds webinar on Qatar’s banking sector

Tribune News Network
Doha
KPMG in Qatar held a webinar on Tuesday to share their findings and insights on the Qatar banking sector after they launched their second edition of the Qatar banking perspectives report.
At the webinar entitled ‘Qatar banking perspectives 2020’, KPMG Qatar Partner and Financial Services Head Omar Mahmood began by sharing general information on the four key issues covered in the report affecting the banking sector in the country.
He also shared his thoughts on the financial findings of the Qatar banking snapshots published earlier this year.
The session was organised by KPMG in Qatar to provide viewers with an opportunity to gain insights from KPMG panel of experts like Ali Al Shabibi, head of risk advisory, Venkatesh Krishnaswamy, head of advisory, Barbara Henzen, head of tax and corporate Services, and Syed Javaid, head of financial services advisory.
Omar said, “While there is disruption in the sector as a result of the COVID-19 pandemic, there are opportunities for banks to come out more innovative, efficient and resilient with an overall improved service for the customer.”
During the online session, the discussion between the panelists covered their insights on key strategic implications of COVID-19 on the banking sector, the areas that the banks can focus on in the near future, the various steps banks can consider taking in terms of managing liquidity in the current situation, current status of VAT and what steps should banks take during the next six months.
They also discussed the impact of COVID-19 on corporate governance, effects of the recent technology acceleration on the relationship between banks and Fintech, steps that banks can take to manage their real estate exposures in view of current market conditions, the different things a bank in Qatar can do to be seen as a sustainable bank of the future, implications of newly issued tax regulations at the end of 2019 on banks in Qatar, and the latest LIBOR transition and what Qatar banks can do to be ready for these transitions.

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