Trade & investment

Banking Commission meeting set to shape banking rules

  • 1 March 2011

The International Chamber of Commerce (ICC) is presenting its new Banking Commission strategy to members at the upcoming annual meeting in Zurich, Switzerland, as part of the organization’s drive to guide rule-making in the banking community.

Every year the ICC Banking Commission brings together bankers, business leaders, finance experts and government officials at commission meetings to encourage dialogue, make policy recommendations and develop rules to improve trade finance.

More than 250 ICC Banking Commission members are set to attend the meeting, which will run from 21-23 March 2011 and will feature a presentation of the 2011-2015 strategy, as well as discussion on key policy topics from International Standard Banking Practice (ISBP), to the ICC Register on Trade and Finance, to counter terrorist financing and anti-money laundering.

“This commission meeting will shape trade banking rules for the next decade. In the past, these meetings have drawn wide audiences and have been a powerful tool for promoting trade finance and business worldwide,” said Kah Chye Tan, Chair of the ICC Banking Commission.

“The ICC Banking Commission is celebrating its 80th anniversary this year. This special occasion allows us to reflect on both the past and the future of the commission,” said Mr Tan. “We hope that our members and partners will share their ideas and suggestions with us for improving our services for the benefit of the business community.”

To address these topics, the ICC Banking Commission has carefully selected a world-class line-up of leading experts in trade and finance. Speakers at the Zurich meeting include Mariem Malouche, economist at the World Bank, Ranil Salgado, head of trade, institutions and policy with the International Monetary Fund, and Marc Auboin, economic counselor with the World Trade Organization.

A highlight of the meeting will be the release of the findings from the ICC Global Survey 2011. This year’s survey, which is a leading market research initiative from ICC to fill the information gap in trade and finance, will be presented during a market intelligence roundtable, as well as to media at a press conference on 23 March at 10:30am.

The survey, which covers the year 2010, achieved record participation levels, with around 210 respondents from 94 countries. It includes a full section on perceptions worldwide of the new regulatory regime.

The three-day meeting will take place at the Zurich Marriott Hotel.