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International banking forum opens in St Petersburg

Participants will include more than 100 financial institutions and organizations from Russia and 17 other countries

ST. PETERSBURG, July 11 (Itar-Tass) - The 18th two-day international conference dedicated to the current state and prospects of the banking system, world and Russian financial markets opens here on Thursday.

Experts will exchange views on the key problems of concern for representatives of the banking sector and financial market players. Among the topics will be the probability of another banking crisis, impacts of Basel-3 standards on Russian credit organizations and prospects for the use of innovation ideas in the banking sector.

The program will include roundtable meeting on nine subjects, such as domestic and external challenges for the Russian banking system, impacts of the global economic problems on the Russian economy, specific Russian risks, the development of payment systems, electronic trade, and Russia’s prospects in global competition for investments.

Participants will include more than 100 financial institutions and organizations from Russia and 17 other countries, including Austria, Great Britain, Germany, Finland, Switzerland, Belarus, Kazakhstan, and Ukraine. The forum is co-sponsored by the Association of Russian Banks and the committee for the budget and financial markets of the Russian Federation Council upper parliament house.

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