Banking Commission2018-02-12T16:22:36+00:00

ICC Banking Commission

The World’s Essential Rule-Making Body for the Banking Industry

With over 600+ members from 100 countries, the commission has rightly gained the reputation of being the most authoritative voice in the field of trade finance.

ABOUT THE COMMISSION

  • Organise the ICC Banking Commission annual meeting in the Americas and promote the Banking Commission’s work as well as the ICC’s in general in these regions.
  • Produce and adopt new rules for international factoring (URIF), in partnership with Factor Chain International, based on the existing General Rules of International Factoring (GRIF).
  • Prepare policy submissions and responses to regulators on measures affecting the trade finance industry.
  • Further develop the trade register project to evolve the default and risk-related data collection, analytics and advocacy, and to provide a richer value proposition to participating banks.
  • Make recommendations to the Business 20/G20 process on key issues related to trade finance.
  • Actively contribute to the WTO Expert Group on Trade Finance.
  • Develop business input on financial crime risks and contribute to the global dialogue with the Wolfsburg Group and the Financial Action Task Force.
  • Provide timely market intelligence reports on trade finance, including analysis to support ICC contributions on trade finance in key international forums.
  • Issue official opinions on queries on ICC banking rules on a biannual basis.
  • Develop business views on export finance issues through the ICC Export Finance Working Group, a representative global platform for medium- and long-term export finance banks.
  • Engage in advocacy and education aimed at encouraging global adoption of the proposed terminology and nomenclature for Supply Chain Finance, published in the Standard Definitions for Techniques of Supply Chain Finance.
  • Help promote the ICC Academy educational offering in trade finance.
  • Explore ways to develop non-traditional institutional investment in trade finance, possibly including through the creation of rules or guidelines.
  • Encourage sustainability in trade finance by leveraging banks’ role in financing sustainable trade and encouraging sustainable practices, and by helping to provide clarity to banks in their implementation of existing sustainability policy and standards.
  • Examine the impact of digital trade on trade finance and assess the need to adapt the existing rules and/or potentially set standards or rules in this area.
  • Consider the possibility of drafting International Standard Demand Guarantee Practice on the basis of the current survey on the use of URDG 758.

Members of the Banking Commission are chosen by ICC national committees who select members from their countries to serve first on their local Banking Committee and then to represent the national committee at the plenary commission meetings. These meetings are generally held twice a year.

The officers of the commission are appointed by the ICC Secretary General and generally serve for a three-year renewable term.

Members do not serve on the commission for specific periods of time, but remain as long as their national committee wishes them to serve.

The basic work of the commission is done by members and a number of task forces, working groups and drafting groups. For example, regarding the production or revision of rules, a drafting group produces initial drafts of a set of rules which are then sent to ICC national committees for comments, suggestions and amendments. These are considered by the commission as a whole, and revised drafts are produced until a final version is reached. This process ensures that the rules are indeed global and represent international practices as national committees and members worldwide are involved in their elaboration from start to finish. Finally, the rules or documents are approved and sent to the ICC Council for formal adoption.

The ICC Banking Commission produces universally accepted rules and guidelines for international banking practice. ICC rules and guidelines on documentary credits, entitled UCP 600, are the most successful privately drafted rules for trade ever developed, serving as the basis of US$2 trillion worth of trade transactions a year.

Used by banking professionals and trade finance experts worldwide, the commission’s publications and Market Intelligence is the industry’s most reputable and reliable source of guidance to bankers and practitioners in a broad range of fields.

Visit the ICC Store for ICC’s catalogue of trade finance publications

Visit the ICC Banking Commission Market Intelligence Page

Veerle Baele, BNP PARIBAS FORTIS
Peter Bienenstock, ALLEN & OVERY LLP
Christine Centner, BNP PARIBAS FORTIS BANK
Adrien de Hemptinne, BNP PARIBAS FORTIS
Yvan  De Smet, BELFIUS BANK
Bruno  De Vuyst, JANSON BAUGNIET
Brigitte de Wilde, SWIFT
Martine Delierneux, ING BANK BELGIUM
Jean-Michel Detry, DLA PIPER UK LLP
Marie-Christine Diaz, SWIFT BELGIUM
David  Dobbing, SWIFT BELGIUM
Johan Doens, ING BANK BELGIUM
Carlos Faucon, BNP PARIBAS FORTIS BANK
Marie-Charlotte Henseval, SWIFT BELGIUM
Yves Herinckx, HERINCKX SPRL
Urs  Kern, SWIFT GERMENY GMBH
Patrick Krekels, SWIFT BELGIUM
Nadine Louis, SWIFT BELGIUM
Robert Marchal, SWIFT BELGIUM
Luc Meurant, SWIFT BELGIUM
Jean Minne, BNP PARIBAS FORTIS BANK
Harry Newman, SWIFT BELGIUM
Anne-Mie Ooghe, FEBELFIN
Rita Ricci, BNP PARIBAS MONTREAL
Stacy Rosenthal,  SWIFT AMERICAS
Emile Rummens, KBC BANK BRUSSELS
Lisbeth Schepens, BNP PARIBAS FORTIS BANK
Gerald Stevens, TRIALYS
Françoise Van De Gaer, ING BANK BELGIUM
Joost Verlinden, LINKLATERS DE BANDT-BRUSSELS
Hugo Verschoren, ING BANK BELGIUM

TASK FORCE ON GUARANTEES, 470-48
Emile Rummens, KBC BANK BRUSSELS

FINANCIAL CRIME RISK & POLICY GROUP (EX. TF ON COMPLIANCE) , 470-62
Brigitte de Wilde, SWIFT BELGIUM
Patrick Krekels, SWIFT BELGIUM[
Hugo Verschoren, ING BANK BELGIUM

LATEST NEWS ON BANKING

NEXT EVENTS ON BANKING