Planned meeting of International Banking Committee was held on November 24

On November 24 on the sidelines of IX Moscow International Financial and Economic Forum the planned meeting of International Banking Committee (IBC) was held as a part of International Business Week at FBA EAC. The topic of the meeting was «Mechanisms and tools of interbank settlements in modern conditions».
The meeting was opened by Alexander Murychev, Chairman of IBC, Deputy Chairman of the Board at Association of Banks of Russia and Chairman of FBA EAC Executive Board.
Li Shuobing, President of FBA EAC, greeted the meeting participants with a welcome speech.
Marat Baitokov, Vice-President of the Association of Banks of the Republic of Kazakhstan, Bakhtiyar Khamidov, General Director of the Association of Banks of Uzbekistan, Anvar Abdraev, President of the Union of Banks of Kyrgyzstan, and Alexey Voilukov, Vice-President of the Association of Banks of Russia took part in the discussion of the problems of cross-border settlements and search for new instruments of their execution, including digital assets.
Alexander Apokin, Deputy Director of International Cooperation Department of the Bank of Russia, gave a detailed report and presentation. Lamjav Boldbaatar, representative of Mongolian commercial banks, spoke about the problems of the Mongolian banking sector.
All the participants of the meeting were unanimous in the evaluation of the negative situation in the international banking community, determining that the main problems lie in the forced optimization of the correspondent banking network, in increasing the number of settlements using the maximum range of national currencies, which in the current environment is necessary to maintain and expand trade and economic relations, opportunities for bilateral and multilateral transactions, trade finance, making cross-border customer payments and direct conversion transactions.
In conclusion, participants discussed proposals for the agenda of the next meeting of the IBC, while the date and place of the next meeting of the IBC will be determined in due course.

Presentations