50th Felaban Annual Assembly, Buenos Aires

Attending the 50th Felaban Annual Assembly in Buenos Aires representing The London Institute of Banking & Finance.
Around 1200 delegates from banks and institutions from around the world.
Catching up with friends and colleagues, networking and listening to some very interesting presentations.


32nd Latin American Conference on Foreign Trade (CLACE), Miami

Between the 22nd and 24th May, 2016, I attended The 32nd Latin American Conference on Foreign Trade (CLACE), held in Miami, organised every year by The Latin American Banking Federation/Federación Latinoamericana de Bancos (FELABAN) and on this ocassion in Miami with The Florida International Bankers Association (FIBA).

The Conference brought together 238 delegates from 27 countries from around the world, representing around 115 banks and financial institutions. Some of the issues covered during the presentations and roundtables were:

‐ Impact of De‐risking and De‐costing
Some of the larger US banks are reassessing their correspondent bank relationships in view of increased regulation and associated costs. Sometimes, the risk is so high that some banks will not provide services to small banks in "risky" countries, regardless of the credit standing of the bank. The CEO of Banco Azteca, Luis Niño de Rivera, talked of “financial exclusion” of individual banks and some countries. Even in the cases were relationships are maintained, banks are passing on the full “regulatory” cost, making cross‐border transactions very onerous.

‐ Impact of Basel‐3
Concerns that new definition of risk weighting could mean risk weighting for trade finance transactions going from 20% to over 100%.
In this respect, David Bischof, Policy Manager, Banking Commission, International Chamber of Commerce (ICC) introduced the ICC Trade Register, which draws attention to the low credit‐related default and loss experience in trade finance transactions.

‐ Electronic platforms for trade finance
Presentation of different platforms for trade finance.

‐ Paperless trade finance
Presentation of progress in achieving paperless trade finance.

‐ Money laundering and trade finance
The use of Geographical Targeting Orders (GTOs) in the USA and how they affect the business and costs of banks. Law enforcement agencies suggest that banks should not only investigate their customers but also their customer´s customers. In effect going from KYC to KYCC.

A very interesting event and an ocassion to catch up with friends and colleagues.


Mad-Li signs agreement with The London Institute of Banking & Finance

April 2016: Mad-Li Consulting signed an agreement with The London Institute of Banking & Finance to promote registrations in Latin America, Spain and Portugal of it´s International Trade Finance qualifications, which have been developed in partnership with the International Chamber of Commerce (ICC). The qualifications are:

•Certificate in International Trade and Finance (CITF®) : provides candidates with an understanding of all aspects of international trade finance.
•Certificate for Documentary Credit Specialists (CDCS®): designed for documentary credit practitioners.
•Certificate for Specialists in Demand Guarantees (CSDG®): a new qualification for demand guarantees practitioners.

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