FBA EAC top-management took part in the XXIst International Banking Forum on September 25-28, 2024, in Sochi

The program of the XXIst International Banking Forum included thematic panels and sessions dedicated to a wide range of issues in the financial and banking industry, from digital projects to the discussion of cross-sectoral interaction between industrial centers of competence. One of the liveliest was the plenary session “Russian Economy in a Changing World”, where the Chairman of the Bank of Russia Elvira Nabiullina made a detailed report. The session was also attended by Alexey Yakovlev, Director of the Department on financial policy of the Russian Ministry of Finance, and Vladimir Verkhoshinsky, Chief Executive Officer of Alfa-Bank. The session was moderated by Anatoly Aksakov, Chairman of the State Duma Committee on financial market and Chairman of the Council of the Association of Banks of Russia.

The International Banking Council (IBC) held its anniversary meeting on the Forum’s sidelines. The theme of the meeting was “Social Engineering. Ways to Fight Fraudsters”. According to Alexander Murychev, Chairman of the IBC and Deputy Chairman of the Council of the Association of Banks of Russia, the event topic was chosen to study the experience of various countries in the field of combating telephone fraud in the banking sector, as well as to identify the most effective practices to deal with this problem of modern society.   

Financial and Business Association of Euro-Asian Cooperation, which was represented at the meeting by its President Li Shuobing, is a member of the International Banking Council. In his speech Li Shuobing noted the relevance of the issues discussed at the meeting. He also stated that cooperation in the banking sector between Russia and China in recent years has been burdened with the difficulties of sanctions pressure. The current professional banking instruments, according to Li Shuobing, also do not correspond to the volume and pace of development of Russian-Chinese business. According to Li Shuobing, despite the difficult situation, the Chinese side does not lose hope and believes that there is great potential and opportunities for joint cooperation in the banking sector as well as in the area of work, the problems of which were discussed at the meeting of the International Banking Council.  

The meeting was also attended by the heads of the Association of Banks of Azerbaijan, the Association of Belorussian Banks, the Association of Banks of the Republic of Kazakhstan, the Union of Banks of Kyrgyzstan, the Association of Banks of Russia, the Association of Banks of Tajikistan, the Association of Banks of Uzbekistan, the FBA EAC, and the CIS Financial and Banking Council. 

The IBC was founded by five banking associations in 2014 during the II International Banking Forum in Sochi.