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ICC Austria Conference on Financial Institution’s role in Financing Trade

25 September @ 9:00 am - 5:00 pm

FI departments serve many purposes from acting as an entry point for daily business over defining business strategies to being the first line of defense and a troubleshooter. Therefore, FIs need to interact with many stakeholders such as risk managers, clients or compliance managers. Finding the right balance while maintaining a level of profitability has become gradually more difficult in recent years due to unintended regulatory consequences and a general environment of de-risking.

At this conference a group of globally renown experts will explore the current situation of FIs and their role in financing trade:

  • FIs activities from a global, regional and local perspective
    • Product coverage
    • Opportunities and Challenges
  • Risk management
    • FI vs Risk manager perspective
    • Risk mitigation through participation
  • Correspondent vs. respondent banks’ perspective
  • Compliance: the risk of de-risking
  • Corporate’s perspective: Clients’ needs
  • Correspondent banking – a thing of the past?

Chaired by Per Fischer Member of supervisory boards of Commerzbank Eurasia, Moscow; Center Invest Bank, Rostov on Don; Russia; Bank Belarus, Minsk

Target group

  • Financial institutions experts
  • Correspondent/respondent banks
  • Risk and compliance managers
  • Trade finance specialists
  • International manufacturers & contractors
  • Import/Export trading companies

Background

The Financial Institutions departments serve many purposes from acting as an entry point for daily business over defining business strategies to being the first line of defense and a troubleshooter.

Because of these different roles and activities, FIs always needed to interact with many other stakeholders such as risk managers, clients or compliance managers at all times who all have different perspectives, interests, and priorities. However, finding the right balance while maintaining a level of profitability has become gradually more difficult in recent years due to unintended regulatory consequences and a general environment of de-risking.

As a result, even some good actors have pulled out of certain markets, financial exclusion has increased and whole countries have difficulty accessing markets for financing trade. Their financial flows are now not followed, screened, monitored or controlled.

However, identifying de-risking as the one and only culprit may not do justice to a far more complex situation. Failing to differentiate between de-risking and de-marketing on one hand, the current digitalization debate on the other, or that difficult times can also provide for new opportunities should be taken into account.

We have assembled a globally renowned team of representatives of FIs and experts from the fields of compliance and risk management to explore the current situation of FIs and their role in financing trade, to discuss the risk of de-risking and to give their view on what the future also with respect to new non-bank competitors will hold.

For International Trade Finance Experts – Vienna is the place to meet!

Per Fischer, 2003 – 2014 Head of Financial Institutions, Commerzbank, Frankfurt. Various positions in Commerzbank 1985 – 2003 (Head, Rep. Office, Kiev; Deputy Representative, Commerzbank, Moscow. Presently member of supervisory boards of Commerzbank Eurasia, Moscow; Center Invest Bank, Rostov on Don; Russia; Bank Belarus, Minsk; Advisor to Board, Armeconombank, Yerevan, Armenia.

Ruediger Geis, responsible for Product Management Trade Services, Financial Institutions, Commerzbank AG, Frankfurt; covering all aspects of trade solutions, including guarantees, L/Cs, buyer’s credit, supply chain finance etc. He is Member of the ICC Banking Commission’s Executive Committee; Ruediger has been one of the drivers of the BAFT Master Participation Agreement.

Karl Mayrl, Trade Finance Consultant, Austria. Karl is former Head of Trade Finance Financial Institutions, Erste Group Bank AG, Vienna & Member, ICC Banking Commission. Karl has held various Trade Finance positions in Erste Group from 1980 till 2017, incl. Head of Doc.Credits and Guarantees and Head of Trade & Export Finance. Karl has been lecturing at national and international seminars for financial institutions and corporate customers for more than 20 years.

Rudolf Putz, Head, Trade Facilitation Programme (TFP), EBRD; since 2000 developing EBRD’s trade finance programme. 30 years’ experience in financing trade with Eastern Europe, CIS countries. In 1983 he started at Centro Internationale Handelsbank Vienna;

Monday, 25th of September 2017 9.00am – ca. 5pm

  • Welcome and aims of the event
    Max Burger, ICC Austria & Chair of the day: Per Fischer
  • Session 1: Product Coverage
    • Overview of TF products from global, regional, local bank perspective
      • Numbers of transactions
  • Session 2: Risk management
    • Specific risks of trade transactions
    • Risk manager perspective versus product manager/sales perspective
    • Risk mitigation/participation
  • Coffee Break
  • Session 3: Relationship management – Correspondent Banking
    • Current situation of Correspondent banking 
      • Recent data – an overview
    • Current challenges and the future of correspondent banking
  • Lunch Break
  • Session 4: Compliance and De-risking
    • Corporates’ perspective
    • Compliance officer’ perspective
    • Global, regional, local bank
      • High risk country perspective
    • De-risking, on-boarding (SWIFT keys), relais, KYC registry
  • Coffee Break
  • Session 5: Non-Bank competitors
    • Fintech: alternative payment transactions
  • Session 6: Financing Trade with FIs – a thing of the past?
    •  Round table discussion

This conference is part of ICC Austria’s Trade Finance Practitioners’ Week in September which also include:

 Monday, 25 September
Financial Institution’s role in Financing Trade

Wednesday, 27 September
International Standard Banking Practice – For the Examination of Documents under Documentary Credits

Thursday/Friday, 28 + 29 September
ICC Austria & EBRD Case studies on Documentary Credit and Bank Guarantees

When?
Monday 25 September 2017 from 9.00 a.m. until approx. 5.00 p.m.

Where?
Imperial Riding School Renaissance Vienna Hotel 1030 Vienna, Austria

Fee

Registration – closing date 11 September 2017 ICC Belgium

EARLY BIRD FEE – EUR 450,– (plus 20% VAT) (registration received by 11 Aug.and payment credited by 25 Aug. 2017 )
Regular Fee – EUR 560,–(plus 20% VAT)

Please transfer the course fees after receipt of invoice free of charges for ICC Austria to:
UniCredit Bank Austria, Vienna – Austria
IBAN: AT88 1100 0016 4633 2500 / BIC/SWIFT: BKAUATWW

Once confirmed by ICC Austria, your registration is legally binding! The regular fee shall be paid within two weeks from receipt of invoice, in case of late registration verifiably before the event starts!

More information?
ICC Austria – International Chamber of Commerce
Wiedner Hauptstrasse 57, 1040 Vienna-Austria
Mrs. Cennet Kacan 
Tel.: +43-1-504 83 00-3718
Fax: +43-1-504 83 00-113718
E-Mail: c.kacan@icc-austria.org 

Details

Date:
25 September
Time:
9:00 am - 5:00 pm
Event Category:

Organizer

Gautier Matray
Phone:
0032 2 649 37 79

Venue

Imperial Riding School Renaissance Vienna Hotel
Ungargasse 60
Vienna, Austria
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