Conference “Recent Developments in the Regulatory Environment for Russian Banks with Specific Focus on the Basel Recommendations” to be held on 29th January 2013
Moscow, 21 January 2013 – The AEB and Ernst & Young are pleased to announce a senior level conference “Recent Developments in the Regulatory Environment for Russian Banks with Specific Focus on the Basel Recommendations”.
The keynote speaker for this conference will be Mr. Nout Wellink, the former Chairman of the Basel Committee on Banking Supervision and former President of the Dutch Central Bank. Mr. Wellink was involved in the development and deployment of the Basel recommendations and brings unique insight into how these have impacted the banking industry to date and with future implications.
The conference will be opened by Mr. Alexey Simanovskiy, First Deputy Chairman of the Central Bank of Russia who will add his commentary on recent and proposed changes to the regulatory environment for Russian banks. These speeches will be followed by an open debate amongst a panel of some of the leading Russian specialists. There will be time set aside for questions and answers to the panel from the audience.
Frank Schauff, AEB Chief Executive Officer, commented, "This conference is organized to draw attention to political significance of the Basel implementation in strengthening banks’ transparency and improving risk management. Furthermore, it will give the audience the opportunity to have the first-hand information on the Central Bank recommendations in Russia.”
Joerg Bongartz, Chairman of the Board, Deutsche Bank Ltd. and Chairman of AEB Banking Committee, added, "With this conference the AEB Investment and Finance Committee and the Banking Committee continue to arrange high level meetings and conferences, which contribute to the ever more important dialogue between public sector representatives and financial institutions from both Russia and Europe. I am pleased that we can start the year with such a focused and timely event. This is especially important in the light of the fundamental shift in regulatory environment and new responsibilities financial sector is undertaking now both globally and in Russia."
Stuart Lawson, Executive Director, Ernst & Young and Chairman of AEB Finance and Investments Committee, noted, "This senior level conference comes an appropriate moment as the banking industry both globally and in Russia looks to the regulatory changes it may face as it enters the new year. Having the former Chairman of the Basel Committee address the conference will provide unique insight and I am hopeful that we will have a spirited and interesting panel discussion amongst the leading industry experts."
The half day conference to be held at the Hotel Hilton Leningradskaya, (Kalanchevskaya Str., 21/40), Grand Ballroom, on 29th January 2013, from 09:30 to 13:00 (registration starts at 08:30a).
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