The regulatory environment in Bahrain is an excellent example to other countries in the GCC and the Middle East, according to a visiting expert.
Ernst & Young Northern Europe, the Middle East, India and Africa Regulatory and Public Policy managing partner Jan Babiak was speaking on the sidelines of the summit.
"Regulation is of growing importance in a global economy that is more interdependent every day," she said.
"All central banks are more aware than ever of the threats posed to their security - and the economies which they are there to protect - by a wide range of threats, from money-laundering to non-compliance to information security."
The Central Bank of Bahrain is recognised internationally for its support of strong corporate governance frameworks in the financial sector, according to Ms Babiak.
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