The Transition from Traditional Central Banking to the SoLoMo: The Case of the Central Bank of Lebanon
Program:
11:00 a.m.-12:00 p.m. Reception with light refreshments
12:00-12:45 p.m. Talk
12:45-1:00 p.m. Q&A
About the talk:
In this era of globalization and digital revolution, central banks are becoming not
only accountable to their own environment, but also scrutinized under the microscope
of the international community and investors. Traditionally, central banks are committed
towards building local trust and confidence to ensure public understanding and support
of their monetary policy measures. Economic activities along with their consequential
economic growth and development in any country are becoming increasingly dependent
on trust and confidence in central banks’ measures and instruments that aim at ensuring
long-term financial stability. In these terms, we are witnessing a shift from conventional
central banking to non-conventional central banking, aspiring at maintaining local
and international repositioning.
SoLoMo, standing for social-local-mobile, represents a paradigm-shift convergence
in social, local, and mobile media, whereby messages are personalized to users using
a three-dimensional context of mobile computing, geo-targeting, and social networking.
In this context of amplified transparency and accountability, amid a period of international
financial turbulences and domestic socio-economic challenges, the Central Bank of
Lebanon went out of the box for the purpose of building international solid confidence
in its banking and financial system. This valuable national security asset has been
proven efficient by a continuous inflow of capital and an evolving banking sector.
About the speaker:
Raed H. Charafeddine is the First Vice-Governor of Banque du Liban, Lebanon's Central
Bank, a position he’s held since April 2009. Prior to assuming his current responsibility,
he had an extensive banking experience of 20 years and has held senior positions including
deputy general manager and program director of total quality management (TQM). In
the civil society arena, he served as a board member in several NGOs and as a lifelong
activist in the areas of social justice, women's empowerment and economic development.In
the academic realm, he was a member of several master and doctoral juries and a visiting
lecturer at select universities where he facilitated courses in Strategic Management,
Leadership, and Leading Change. He also lectured at Harvard, Yale, Tufts and INSEAD
on the current challenges of the Arab transition, particularly on the economic, financial,
social and cultural aspects. He holds a bachelor’s and an MBA from the University
of North Carolina, and participated in several executive education programs at Harvard
University.
To RSVP, click here.
connect with us