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International banking congress opens in St Petersburg

It will focus of the development strategy, results and prospects for the activity of the banking sector and on banking regulation

ST. PETERSBURG, June 5 (Itar-Tass) — An international banking congress opens here on Tuesday. It will be the 21st such congress and this time it will focus of the development strategy, results and prospects for the activity of the banking sector and on banking regulation.

Among participants in the forum there will be delegates from the both houses of the Russian parliament, the Federation Council and the State Duma, officials from the Russian government, the Bank of Russia, and representatives from international financial institutions, Russian and foreign banks, audit, consulting and IT companies, bank associations, as well as scientists.

The first day of the forum will be dedicated to informal events, such as sightseeing tours of Russia’s second largest city. In the evening, participants are invited to a ballet at the Mikhailovsky Theatre.

A plenary meeting on Wednesday will focus on global tendencies in the development of the banking sector. Participants will discuss present-day and promising models of the banking business, key issues of regulating banking activities at national and global levels, systemic and individual risk management techniques, competition in the banking sector, and the development of payment systems. More meetings will be dedicated to relations between the financial and economic sectors, modernization instruments, measures to ensure the stability of the banking system, and banking regulation and oversight.

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