THOMSON Reuters, the world's leading source of intelligent information for businesses and professionals, on Sunday announced that the 10th Gulf Cooperation Council (GCC) Regulators' Summit will take place at Emirates Palace, Abu Dhabi on Jan. 25 & 26, 2016. The summit is the region's leading forum for the Regulatory, Governance, Risk and Compliance (GRC) community. This year, more than 600 practitioners, global and local regulators, business leaders, and key opinion leaders are expected to take part in the summit to debate the latest trends impacting the GRC community in 2016. The two-day program will explore key themes such as 10 years of evolving regulation in the Middle East, emerging regulatory trends, MENA capital markets regulation, a CEO view on the business of banking in the GCC, updates on major international sanctions corruption & anti-money laundering, next generation Know Your Customer controls, future risk scenario planning, mitigation of the impact of geopolitics, information security and virtual currencies The summit also features discussions on the related economic, financial, and reputational costs of non-compliance, the importance of responsible leadership and will address the global shortage of compliance talent, among many other topics The event is organized under the patronage of Sultan bin Saeed Al Mansouri, the United Arab Emirates (UAE) Minister of Economy and in association with the Abu Dhabi Global Market (ADGM). Nadim Najjar, Managing Director, Middle East, of Thomson Reuters, said: "Firms and their compliance officers are facing significant changes all with the threat of ever bigger fines, combined with an increasingly wide range of other sanctions being used by regulators to drive home the need for good compliance and good customer outcomes." "Globally, and here in the region, agendas in financial services firms have been overwhelmed by regulatory matters, whether it is a briefing on changing, or even conflicting regulatory expectations, the latest round of enforcement actions, the additional skilled resources and investment needed to implement the latest rounds of regulatory change," he added. Najjar noted that compliance officers have to develop stronger working relationships with regulators, provide good management information, whilst remaining focused on institutional governance that increases transparency and investor confidence. "Over the past 10 years the GCC Regulators Summit has become a critical forum in the Middle East where regional and international regulators come together to share information with each other and the wider community. It is a point of pride that Thomson Reuters is able to continue to support the regulatory community and help companies throughout the region find solutions to the ever
