Disciplined fair valuation practices and clear sound practices can help make firms more resilient to stress. But poor practices can create major vulnerabilities for individual banks and for the financial system. Furthermore, it also is critical that banks improve their firm wide stress testing practices.
*  *  *  Mr. Suleiman Shahbal, Chairman, Gulf African Bank Ltd; Mr. Najmul Hassan, Chief Executive Officer, Gulf African Bank Ltd; Board Members of Gulf African Bank Ltd here present; Distinguished Guests; Ladies and Gentlemen: I am delighted and honoured to have been invited to preside over the opening ceremony of this important conference.