singapore 2015 · 2015-04-24 · singapore 2015 icc banking commission annual meeting 20-23 april...

ANNUAL MEETINGICC BANKING COMMISSION20-23 April 2015

COMPETENCY & EXPERTISE: DRIVING TRANSFORMATION IN TRADE FINANCE

AGENDA

SINGAPORE 2015

The ICC Banking Commission meetings are the

only events of their kind gathering over 400+

banking executives and government officials

from more than 65 countries to rethink the

future of trade finance, encourage governments,

regulatory bodies and G20 leaders to remove

obstacles to trade finance, and stimulate

economic growth and job creation.

5 REASONS TO ATTEND

2. EXCHANGE

Exchange ideas in lively

discussions specially designed

to address the most topical

themes in trade finance.

3. INFLUENCE

Influence the debates through active

participation, whether in the Plenary

sessions (via Q&A sessions) or as

participants in the breakout roundtables

and panel discussions. The Annual

Meeting is the most open forum to

influence policy and guidelines that

govern the trade finance industry.

4. LEARN

Develop unique skills to

enhance best practices. Keep

up-to-date with the policy and

regulatory changes affecting

the industry via the ICC’s

excellence in standard-setting,

market intelligence, rule and

policy making.

5. NETWORK

Extend your sphere of influence throughout

our network of 600+ members in more than

100 countries. Be a part of the largest and most

authoritative voice in the field of trade finance.

Forge high-level relationships with key influencers

in business and trade finance globally.

SINGAPORE 2015

1. INSIGHT

Gain valuable insight into

the latest developments in

trade finance from prominent

keynote speakers, industry

experts, and business and

finance leaders.

Earn

10PDUs

24Europe

4MENA

14Asia Pacific

3 Africa

4America

WHO SHOULD ATTEND?

Financial institutions (sales and client relationship managers, product

managers, back office managers, risk managers)

Multilateral Development Banks and Export Credit Agencies

Governmental organisations

Corporates

Independent financiers

Insurance brokers and underwriters

Lawyers and consultants

Service providers

The Conference app

will be available to

download.

View the venue,

agenda, the speakers,

our sponsors and

further social media

information.

This programme can be credited

towards training under the taxe de

formation professionnelle in France

(organization registered under 11 75

4089 275).

Earn 10 PDUs for the Certified

Documentary Credit Specialist

Re-Certification programme.

Keep up with all the latest updates

and join the live discussion on Twitter

– follow us @ICCBanking and using

our official conference hashtag:

#BCMeeting.

If you are interested in our

sponsorship opportunities,

please contact:

Luz Rodriguez,

ICC Global Partnership Manager

[email protected]

Delegates are responsible for their

own accommodation bookings and

travel arrangements. For further

information on the accommodation

including the list of recommended

hotels, please visit the event’s official

website: http://www.iccwbo.org/

SINGAPORE2015

We are able to dispatch visa

invitation letters to support your visa

application only after receipt of your

registration form and full payment of

your registration fees.

400+attendees

2day

programme

60+speakers

SINGAPORE 2015

ICC BANKING COMMISSION

ANNUAL MEETING

20-23 APRIL 2015

Raffles City Convention Centre

Swissôtel The Stamford

2 Stamford Road

Singapore, 178882

Tel: +65 6338 8585

www.swissotel.com

COUNTRIES TO BE REPRESENTED

EVENT STATISTICS

65+countries represented

60Financial Institutions

20Corporates

15ECA’s & Multilaterals

5Media, IT Providers,

Consultants & Legal

ATTENDEE PROFILE

http://www.iccwbo.org/SINGAPORE2015

SPONSORS

ICC BANKING COMMISSION SINGAPORE 2015

SPONSORS

G LOBAL AN D PL ATIN U M PREFERRED PARTN ERS

GOLD

SILVER

B RONZE

TECHNOLOGY AN D M EDIA PARTN ERS

INSTITUTIONAL PARTN ERS

ORGANISED BY HOSTED BY SU PPORTED BY

University College

PUBLISHING

A revolution in business education

Rigorous and relevant

business education

The International Chamber of

Commerce (ICC), the world business

organization, will present its ground-

breaking educational initiative –

the ICC Academy – at the ICC Banking

Commission Annual Meeting on

20-23 April 2015 in Singapore.

A series of networking events are

organized in Singapore to present the

ICC Academy:

Welcoming Cocktail

21 April, 19:00 – 20:30 pm

(Equinox)

Panel Discussion

22 April, 9:45 – 10:15 am

(Stamford Ballroom)

Breakout Session

22 April, 10:45 – 11:30 am

(Canning, Fairmont Ballroom)

ICC Academy Annual Series Lecture

23 April, 9:15 – 10:30 am

(Stamford Ballroom)

Please make sure to visit the ICC

Academy Booth for presentation

and live demos of our products and

services, including membership,

certifications, research and much more.

Through digital delivery and an unrivalled roster

of experts and practitioners, the ICC Academy

is a unique offering that opens the door to a

world-class business education, irrespective of

geographical or developmental constraints.

Providing certified business education courses

that are internationally recognized and globally

available, the ICC Academy raises the bar

with respect to professional standardization,

competency and ethical conduct.

For more information, please contact

Thierry Senechal, Deputy Director,

ICC Business Development, ICC Global

Coordinator, ICC Academy

[email protected]


WELCOME

The Banking Commission of the International Chamber of Commerce (ICC), in collaboration with The Association of Banks in Singapore (ABS) and supported by the Singapore Business Federation (SBF), is pleased to host the first of its bi-annual meetings for 2015 in Singapore from 20 to 23 April.

With more than 600 members in over 100 countries, the ICC Banking Commission has established itself as the pre-eminent global forum for trade finance. Based on input from and consultations with members across the countries, the Commission produces universally accepted rules and guidelines that govern international banking practice for trade finance.

This meeting, which brings together trade experts, banking professionals, business leaders, lawyers and government officials across the world provides a unique platform for the exchange of ideas and discourse on the opportunities and challenges facing both the business and the banking communities. As a reputable and globally recognized trade hub that has invested significantly in trade infrastructure and associated services, Singapore is an ideal meeting venue for this international meeting.

Trade finance, as the backbone that supports the global movement of goods, is poised to play an increasingly important role as international trade becomes a dominant driver of cross border fund flows. This is also underscored by the continued growth of China both as an importer and exporter, and the rising prominence of the Renminbi as an alternative trade payment currency.

Alongside these macro market developments is also a whole range of other issues which will need to be addressed to ensure the healthy development of the industry, such as cross border money laundering, trade fraud, tax evasion and other irregularities which require prudential measures from the authorities and vigilance from the private sector. On the other hand, the increasing acceptance of Islamic Finance and the gradual international consensus on removing trade barriers will create new opportunities for all industry participants.

Over the two days, the various plenary sessions and forums will address these and many other areas that are expected to take the centre stage in the future development of the international trade finance industry. In addition to the formal sessions, this meeting will also be a valuable platform for informal dialogue among the fellow delegates and experts to share ideas and insights.

We look forward to welcoming you in Singapore.

WELCOME

SAMUEL TSIEN

CHAIRMAN, THE ASSOCIATION OF BANKS IN SINGAPORE (ABS) AND COUNCIL MEMBER, SINGAPORE BUSINESS FEDERATION (SBF)

COMPETENCY & EXPERTISE: DRIVING TRANSFORMATION IN TRADE FINANCE

FOREWORD

We are delighted to welcome you to the first Banking Commission Annual meeting. This two-day flagship event will bring together over 400 of the most influential trade finance experts, banking professionals, business leaders, lawyers and government officials from over 65 countries to debate the critical issues affecting the trade finance industry. Under a new format offering, the programme will feature 60 high-level keynote and panel speakers in a host of interactive plenary and breakout sessions, as well as lively roundtable discussions addressing the most topical themes in trade finance highlighting in particular the regulatory framework, opportunities and challenges for the industry, e-Trade platforms, competency and expertise to build robust market capabilities while accentuating opportunities across emerging markets.

In addition to providing unparalleled networking opportunities, the event, will notably showcase the ICC Academy – a ground-breaking distance learning and certification institution currently being developed by the ICC which is set to focus on professional competency in trade finance. A keynote speech by a prominent speaker will set the ground for the first Annual ICC Academy Lecture dedicated to ‘Financing & the State of Global Trade’.

Furthermore, ICC Banking Commission task forces and working groups will meet to discuss technical topics related to bank guarantees, financial crime risk, supply chain finance, factoring, forfaiting, legal issues and regulation. Further events include a training session on Bank Payment Obligation scheduled for 22 April. Lastly, an important feature of this bi-annual meeting will be a policy consultation forum, gathering key industry leaders and senior executives of international organizations, to advance discussion on the barriers to trade finance and measures to support the growth of small and medium-sized businesses (SMEs).

We are honoured to have a distinguished group of keynote and guest speakers who will contribute their time and insight for the benefits of all attendees. We are also grateful to the Association of Banks in Singapore and our sponsors, whose generosity and support made this conference possible. Finally, we would like to acknowledge the eagerness and dedication of the entire Banking Commission membership as well as our longstanding partners.

We invite you to engage with those around you, build new relationships, and critically consider the fascinating and challenging climate facing the banking industry. We hope that you will enjoy this Annual meeting and we look forward to your continued support and participation.

Wishing you a productive meeting.

FOREWORD

KAH CHYE TAN

CHAIR, ICC BANKING COMMISSION


PROGRAMME

PROGRAMME AT A GLANCE

Venue: Raffles Convention Centre, 2 Stamford Road, Swissôtel The Stamford, 178882 Singapore

TUESDAY 21 APRIL

Taskforce and specialized group meetings

Welcome cocktail

MONDAY 20 APRIL

Taskforce and specialized group meetings

WEDNESDAY 22 APRIL

Welcome remarks

Plenary session

Coffee break

Breakout sessions

THURSDAY 23 APRIL

Plenary session

Coffee break

Plenary session

Lunch

Breakout sessions

Inauguration lunch

Breakout sessions

Plenary session

CLOSING REMARKS

Closing cocktail

Coffee break

Breakout sessions

GALA DINNER

STREAM 1

Building market capabilities

IMPORTANT NOTE:delegates will be able to switch between streams

STREAM 1

Growth of the emerging markets

STREAM 1

Building market capabilities

STREAM 1

Financial crime management

STREAM 2

Financing growth by banks and non-banks

STREAM 2

Technical stream

STREAM 2

Risk management

STREAM 2

BPO training

1COMPETENCY & EXPERTISE: DRIVING TRANSFORMATION IN TRADE FINANCE

AGENDA

AGENDA

DAY 1 WEDNESDAY 22 APRIL

Venue: Stamford Ballroom

8:00 – 8:45

REGISTRATION

8:45 – 9:00

Opening Remarks

Samuel Tsien, Chairman, Association of Banks in Singapore (ABS)

Kah Chye Tan, Chair, ICC Banking Commission

Stefano Bertasi, Executive Director, ICC Policy and Business Practices

9:00 – 9:30

ICC Banking Commission: News & Updates


Neil Chantry, Head, ICC Banking Commission Executive Committee and Global Head of Business Policy, Global Trade and Receivables Finance, HSBC

Emily O’Connor, Senior Policy Manager, ICC Banking Commission

Thierry Senechal, Deputy Director, ICC Business Development, ICC Academy Global Coordinator

9:30 – 9:45

KEYNOTE SPEECH:Global Trade and Trade Finance: Competency & Expertise in the SpotlightLim Hng Kiang , Minister for Trade and Industry, Republic of

Singapore

9:45 – 10:15

HIGHLIGHT :Global Game changer: The ICC AcademyKah Chye Tan, Chair, ICC Banking Commission

Thierry Senechal, Deputy Director, ICC Business Development, ICC Academy Global Coordinator

10:15 – 10:45

COFFEE BREAK

MONDAY 20 APRIL9:00 – 19:00

Task Force & Specialized Group Meetings (Restricted to group members)

TUESDAY 21 APRIL9:00 – 19:00

Task Force & Specialized Group Meetings (Restricted to group members)

19:00 – 20:30

Welcome Cocktail hosted by Singapore Business Federation (Open to all participants)

Venue: Equinox, Swissôtel The Stamford, Raffles Convention Centre

10:45 – 12:30

Breakout sessions (select from Stream 1 or 2)

PTO

AGENDA

2 ICC BANKING COMMISSION SINGAPORE 2015

STREAM 1Room: Canning – Fairmont Ballroom

Building Market Capabilities

14:30 – 15:30

KYC and the SWIFT Registry: The Challenge Grows, the Solutions EvolveRegulatory pressures and demands on trade finance and international banking continue to grow, with “Know your

STREAM 2Room: Stamford Foyer

Credit Risk Management

14:30 – 15:30

Trade Credit Adjudication and Approval: A Practical View from the ExpertsJust as partners and stakeholders such as relationship managers, credit committees and risk specialists need to better understand trade finance, so

STREAM 1Room: Canning – Fairmont Ballroom

Building Market Capabilities

10:45 – 11:30

ICC Academy: Providing rigorous, relevant and applicable business educationThe ICC Academy introduces a unique digital platform to encourage individuals to reach their highest potential with respect to professional competency and ethical conduct.

Issues to be addressed:

• How is ICC Academy servingthe global needs of businesseducation, knowledge,professional development,connection, and inspiration?

• What can be done to bridgethe education gap in thedeveloping world?

• What has been achieved so farand what remains to be donefor the ICC Academy?

Speakers:

Thierry Senechal, Deputy Director, ICC Business Development, ICC Academy Global Coordinator (Discussion leader)

Alexander Malaket, President, Opus Advisory Services


Michael Vrontamitis, Head of Trade, Product Management, Standard Chartered

Neal Livingston, Global Head of Trade and Transaction Services, Commonwealth Bank of Australia

Rudolf Putz, Deputy Director Financial Institutions, Head Trade Facilitation Programme (EBRD)

11:30 – 12:30

SCF: From Terminology to Solutions, the Proposition EvolvesSupply chain finance is the new frontier of the finance of international commerce, an

STREAM 2Room: Stamford Room

Financing Growth by Banks and Non-Banks

10:45 – 11:30

The RMB: Reshaping International Settlement and Global Currency MarketsThe growth of the RMB as a currency of international settlement, from pure payments to international trade, is growing materially, as is global competition to establish RMB centres in major markets.


• The growth of RMBdenominated trade

• Evolution of the RMB to areserve currency

• Policy, the robustness of economic metrics

Speakers:

Presentation by Cao Yunchuan, Director General Manager, ICBC Singapore Branch

Clifford Lee, MD, Treasury & Markets, Fixed Income, DBS (Discussion leader)

Daniel Schmand, Head of Trade Finance & Cash Management Corporates EMEA, Deutsche Bank

Lee Swee Siong, Head of Cash Management Product, Global Transaction Banking, OCBC

Motasim Iqbal, Head of Transaction Banking, SCB

Xia Lin, Director, General Manager, ICBC International Trade Processing Center

11:30 – 12:30

Capital Attraction: ICC

Institutional Investors in Trade Finance: Sponsoring banking industry initiatives to increase the flow of global investor capital into Trade Finance.

Even as global trade flows grow and demand for financing increases, banks face significant regulatory, capital and risk management pressures around

12.30 – 14.30

Lunch hosted by ABS

14:30 – 16:30


STREAM 2trade finance, and it is clear that a banking industry-wide strategic approach is needed to create additional global trade financing capacity.


• Understanding the evolution of investor participation in thetrade finance market

• Updates on the work of the IITF to ensure that this participationis maximized

• Insight into the various formsof investor participation as wellas discussion on how the IITF isworking and coordinating withother ICC Banking Commissioninitiatives and different industrygroups and organizations

Speakers:

Suresh Advani, Managing Director, Insurecap Limited (Discussion leader)

Craig Dimmick, Chief Operations Officer, Eurofin Asia Group Pte Ltd

John Ahearn, Managing Director, Global Head of Trade, Global Transaction Services, Treasury and Trade Solutions Group, Citibank

Paul Hare, Global Head Portfolio Management, Standard Charter

Ruediger Geis, Head, Product Management Trade Services & Issues, Commerzbank

STREAM 1area that is evolving fast, but one where the basics – such as a common understanding of terminology – are still in evolution.


• The Global SCF DraftingGroup and its mandate

• Evolution of the SCF valueproposition

• Effectively meeting clientexpectations

• SCF, SMEs and Emerging Markets

Speakers:

Alexander Malaket, President, Opus Advisory Services (Discussion leader)

Bertrand de Comminges, Global Head of Product Management, Structured Solutions, HSBC

Sean Edwards, Head of Legal, Sumitomo Mistui Banking Corporation Europe Limited

Shivkumar Seerapu, Managing Director | Regional Head – Trade Finance, Asia Pacific, Deutsche Bank

Vijay Vashist, Global Head of Trade & Supply Chain Finance and Trade Asset Management in Global Transaction Services, DBS

Vivek Gupta, Global Head of Trade & Supply Chain and Working Capital Product, ANZ


AGENDA

STREAM 1Customer” and related requirements putting immense cost, resource and transactional pressure on providers of trade finance. The SWIFT KYC Registry is another example of an industry-wide solution to a mission-critical challenge.


• Understanding the KYC Registry

• Benefits and responsibilities of membership

• SWIFT as a trusted partner

• Technology and businessprocess considerations

Speakers:

Dan Taylor, Former Managing Director, Global Market Infrastructures, J.P. Morgan (Discussion leader)

Bart Claeys, Global Head of KYC Services, SWIFT

David Fleet, Managing Director, CDD and Middle Office, Corporate and Institutional Clients, Standard Chartered

Reto Merazzi, General Manager APAC Region, Appway

15:30 – 16:30

Getting Ahead of the Game: Financial Crime – from Theory to Practice Banks and financial institutions are playing an increasingly critical role in identification and prosecution of financial crime, and must keep up with regulatory demands as well as stay ahead of the countermeasures of criminal organizations. The key to long-term success will be to get ahead of the financial crimes curve.


• Current trends in financial crime, regional highlights

• Regulatory requirementsand the role of banks incombatting financial crime

• “Follow the Money”: Theory and Practice

• Identification, Investigationand enforcement

Speakers:

Pottengal Mukundan, Director, ICC Commercial Crime Services (Discussion leader)

Beaver Chua, Country AMLCO Citibank, Singapore

STREAM 2too, do trade financiers face an imperative to better understand what motivates and drives their key partners, including credit specialists.


• Adjudication: BalancingBusiness and Risk

• Effective proposals

• Common pitfalls and deal-breaking errors

• Appealing a decision

Speakers:

Ng Loo Hock, Managing Director, Group Head of Structured Trade & Commodity Finance, United Overseas Bank Ltd, (UOB) (Discussion leader)

Albert Lim, Head, Credit & Surety Hub Asia Pacific at Swiss Re Corporate Solutions


Gary Slawther, Corporate Treasurer, OCTAL SAOC FZC

Kai Fehr, Head of Sales, Asia Pacific, International Trade Services, Wells Fargo

Tolentino Mendonca, Regional Head of Trade Finance, Asia Pacific Crédit Agricole Corporate and Investment Bank

15:30 – 16:30

Fraud: Tough Realities and Effective Mitigation in Trade FinanceTrade finance has been shown to be a low-risk, effectively mitigated form of financing, and while fraud cases are relatively rare, they can be large, far-reaching in scope and highly visible. Tough realities can be observed, but effective strategies can and do work well to manage fraud risk: sometimes, it comes back to the basics.


• Leading cases across China, Hong Kong and Singapore

• Insights from practitioners andinvestigative specialists

• Learning from and applyingthe lessons of experience

• Looking ahead to new formsof fraud or new risks, as trade finance evolves

16:30 – 17:00

COFFEE BREAK

17:00 – 18:30


STREAM 1Room: Canning - Fairmont Ballroom

Official DOCDEX Launch

17:00 – 18:30

Launch of the 2015 ICC DOCDEX Rules: Cost-Effective Dispute Resolution in Global Trade Finance Resorting to court litigation or to binding arbitration to resolve disputes in trade finance can be costly both in terms of litigation costs and ruined business relationships. An alternative exists: Documentary Instruments Dispute Resolution Expertise (DOCDEX). This session will feature the first global launch of the new ICC DOCDEX Rules. Drafted jointly by the ICC Banking Commission and the ICC Commission on Arbitration and ADR, the new sets of rules will set new standards for dispute resolution in global trade finance. As from 1 May 2015, this new set of rules can be used to resolve global trade finance related disputes worldwide in

STREAM 2Room: Stamford Ballroom

BPO Training

17:00 – 18:30

The BPO: Shifting from Principle to PracticeAs the banking community moves toward embracing the Bank Payment Obligation as another trade settlement option this panel provides a unique opportunity to hear directly from bankers who have successfully implemented the instrument. The panel is complemented by a technology provider and possibly a corporate user as well.


• Success stories of BPO implementations

• Key internal and externalchallenges to launching BPO

• Technology options to consider

Speakers:

Michael Quinn, Managing Director, Global Trade & Loan Products, JP Morgan (Discussion leader)

Andreas Baehnk, Trade Finance Product Director, Surecomp

STREAM 2Speakers:

Soh Chee Seng, Technical Consultant, Association of Bank in Singapore (ABS) (Discussion leader)

Gao Xiang, Dean of Comparative Law School, China University of Political Science and Law, CUPL

James E. Byrne, Director, IIBLP USA

Toh Kian Sing, SC, Rajah and Tann, Singapore

Jin Saibo, PhD of Law, Partner of Beijing Commerce & Finance Law Offices

Zhu Hongsheng, General Manager of Product Centre, Department of Trade & Finance, China Minsheng Banking Corporation, CMBC

STREAM 1David Hughes, Head of Finance Litigation, Decherts LLP, Solicitors, London

Lorna K. Strong, Deputy General Counsel, Global Trade & Receivables Finance, HSBC

Ms Lim Siew Lee, Group Head of AML/CFT, Compliance Services & Security, DBS Bank

Regina Liew, Head, Financial Institutions Group, Rajah and Tann, Singapore

AGENDA


DAY 2 THURSDAY 23 APRIL


9:00 – 9:10

Welcome Remarks

9:10 – 9:30

HIGHLIGHT :The ICC Academy Annual Lecture Series: International trading hub and Trade InfrastructureTeo Eng Cheong, Chief Executive Officer, International Enterprise Singapore (IE)

9:30 – 10:15

Legal Entity Identification (LEI), why should I care?

LEI is a unique global identification number associated with a single legal entity. Following the 2008 global financial crisis, an increasing need for accurate and unambiguous identification of legal entities engaged in financial transactions has been identified to measure and monitor systemic risk but not only. Acknowledged by international bodies, such as the Financial Stability Board (FSB) and the G20, this need led to regulators striving to adopt through rulemaking a universal standard for identifying parties to financial contracts. This identifier is the LEI.


• What is LEI?

• Why was it created?

• Where are we with its adoption?

Speaker:

Alex Kech, Head of Securities, APAC at SWIFT

10:15 – 11:00

COFFEE BREAK

STREAM 1proceedings administered by the ICC International Centre for Amical Dispute Resolution (ADR).

DOCDEX has proven its value as time-efficient and cost-effective dispute resolution system in 150 claims over the past 18 years. Its recent revision offers numerous new advantages to banks and businesses desirous of obtaining a decision from the world’s best experts in trade finance. Bank managers, lawyers and ICC dispute resolution specialists will debate in this panel the merits of DOCDEX amongst other dispute resolution systems and how to make the best use of it.


• Is it an arbitration? Is it a litigation? No, it’s DOCDEX! A presentation of the newDOCDEX rules

• The role of the ICCInternational Centre for ADR inensuring high quality DOCDEX decisions

• A banker’s approach toDOCDEX: when and how to use DOCDEX

• A lawyer’s approach toDOCDEX: when and how to advise your client to useDOCDEX

• The expert’s approach toDOCDEX: an insider view on how DOCDEX panels operate

Speakers:

Georges Affaki, Chair of the Legal Committee and Chair of the DOCDEX drafting group, ICC Banking Commission (Discussion leader)

Kim Seah, A.ANG, SEAH & HOE, Advocates & Solicitors, Singapore

Lorna K. Strong, Deputy General Counsel, Global Trade & Receivables Finance, HSBC

Sylvia Tee, Director, ICC Arbitration & ADR, Asia, ICC Dispute Resolution Services, Singapore

Ruediger Geis, Head Product Management Trade Services & Issues, Commerzbank

STREAM 2Daisuke Kamai, Head of eTrade Product, Transaction Banking Division,Bank of Tokyo-Mitsubishi UFJ,Ltd.

Nadine Louis, Market Manager, Corporates and Supply Chain, SWIFT

Markus Wohlgeschaffen, Managing Director, Global Head of Trade Products - Global Transaction Banking Corporate & Investment Banking, UniCredit

Ruth Kunz, Head of Policies and Guidelines in Documentary Business, Commerzbank

Thomas Tan, Head of Global Sales, Foreign Exchange and Transaction, CIMB

18.30

CLOSE OF DAY ONE

20:00 – 22:00

Gala Dinner

Venue: Gardens by the Bay

Transportation to be provided

ADB TFP Award 2015


AGENDA

STREAM 2Room: Stamford Ballroom

Technical Stream

14:00 – 18:00

Roundtable: ‘Impact of regulations, regulatory expectations and market developments on ICC Rules’

Revisions of UCP are often triggered by key external movements in international trade practice. Arguably, regulatory change is a catalyst for a new revision. This session will discuss the key factors including alternatives.


• With no formal recognition of“Restriction” where regulators now expect firms to have CDD on all participants, is

STREAM 1Room: Canning, Fairmont Ballroom

Growth of the Emerging Markets

14:00 – 15:00

Bank Dis-intermediation in Trade Finance: Fact or Fiction?

Are banks really losing ground as leading providers of trade finance? Is this good for corporates? How will we address the global gap in trade financing, including for developing economies?


• The Client Perspective

• Positions of bank and non-bank providers, traditional and SCF solutions

• Collaboration models andopportunities

• Looking ahead

11:00 – 12:00

Financial Crime: Highlights of the Global Regulatory Framework

Financial crime is increasingly central to the management considerations of international and trade finance bankers, and as a global collaboration emerges around fighting financial crime, a global regulatory framework emerges; global alignment and coordination is a long-term imperative, and highlights of recent developments will be considered on this panel.


• Impact on the corporate clients

• Effect on banks’ governance models

• Implications for personal and professional liability

• Upcoming priorities

Speakers:

Neil Chantry, Head, ICC Banking Commission Executive Committee, Global Head of Business Policy, Global Trade and Receivables, HSBC (Discussion leader)

Mark Evans, Chief Compliance Officer, ANZ

Scott Stevenson, Global Trade and Financial Supply Chain Solutions, International Finance Corporation (IFC)

Susan Wright, Head of Financial Crime External Relations, HSBC

12:00 – 14.00

Lunch hosted by ABS

14:00 – 18:00


STREAM 1

Speakers:

Neo Bock Cheng, Executive Vice President, Head, Global Transaction Banking, OCBC Bank (Discussion Leader)

Gary Slawther, Corporate Treasurer, OCTAL SAOC FZC

Nils Swolkien, Chief Financial Officer, Decathlon Asia CFO

Kai Fehr, Head of Sales - Asia Pacific, International Trade Services, Wells Fargo

Pierre Lorinet, Chief Financial Officer, Trafigura

Ms. Jac Wong, Executive Director & Head of Trade Product, FSCM Product & BRTF Group Transaction Banking, UOB

15:00 – 16:00

Challenges and Opportunities in Financing South/South Trade Flows

Developing and emerging markets are experiencing significant growth in trade flows, and will represent major opportunities for trade financiers in the coming decade. While there are clear and compelling opportunities, the financing of South/South trade flows present some unique challenges.


• Risk management practices inselected developing markets

• SMEs, access to finance and supporting trade flows

• Pricing and the availability of trade finance

• Key role of IFIs and DFIs insupporting trade

• Case Study

Speakers:

Vinod Madhavan, Head, Transactional Products & Services, South Africa, Standard Bank (Discussion leader)

Alicia Garcia Herrero, Chief Economist for Emerging Markets BBVA

Gema Sacristan, Chief, Financial Markets Division, Inter-American Development Bank

Jon Barañano Gaviña, Unidad Global de Negocio Internacional Product Manager

STREAM 2

it acceptable to accept a direct presentation from a beneficiary with whom the issuing bank has no relationship at all?

• Can a “Freely Negotiable” or “Available by negotiation with any bank” credit be viablewhen regulation requiresthat the banks involved havemutual CDD in place?

• Compliant presentations canbe rejected by virtue of asanctions breach or potentialsanctions breach. The ForceMajeure clause does not coverthis. Or does it?

• Exchange control regulationsand Import/Export controlsare not covered by UCP. To what extent should UCP recognize these restrictions?

• Correct reflection of market changes, including logistics industry.

• How to mitigate the risk ofhaving to exit a Guaranteecommitment if regulatoryrequirements change.

• How to use URC 522 to meet regulatory requirements.

Speakers:

Neil Chantry, Global Head of Business Policy, Global Trade and Receivables Finance, HSBC (Discussion leader)

David Meynell, Senior Technical Advisory, ICC Banking Commission

Hari Janakiraman, Head, Global Core Trade Product Transaction Banking, Australia and New Zealand Banking Group Ltd

John Turnbull, Joint General Manager, SMCBE LTD

Michael Quinn, Managing Director, Global Trade & Loan Products, JP Morgan

15:00 – 18:00

ICC Rules for the Experts: Draft Official Opinions of the Banking Commission and latest DOCDEX decisions

AGENDA


17:15 – 18:00

HIGHLIGHT:Trade Finance: The Value of Research, the Imperative of Analysis

Trade finance has a long history of operating “in the background” and being a domain reserved for specialists and practitioners. The global financial crisis has irrevocably brought trade finance into the spotlight as a critical enabler of international commerce, and in this context, the importance of robust research, credible and objective analysis, and solid metrics is increasingly apparent.


• The benefits of effective research

• Linking research, analysis, advocacy and the evolution of policy

• Research and measurement techniques

• Critical gaps and the need for industry engagement andcollaboration

Speaker:

Marc Auboin, Economic Counselor, World Trade Organization (WTO)

18:00 – 18:15

PRIZE DRAW

iPad MiniSponsored by China Systems

Samsung Galaxy TabletSponsored by Coastline Solutions

iPad MiniSponsored by BCR Publishing

ICC Tools for TradeSponsored by ICC Banking Commission

18:15

Closing Remarks

19:00

Closing Cocktail hosted by GTR (Open to all participants)

Venue: The Exchange 8 Marina View #01-05, Asia Square Tower 1 Singapore 018960

NOTE: Participants on Stream 2 may continue with the plenary beginning at 16:30

NOTE: Participants on Stream 1 may continue with the plenary beginning at 16:30


16:30 – 17:15

Trade Facilitation and Finance: Connecting New “Dots” in International Commerce and Development

The critical role of trade in international development is well-established, and a new project has been proposed and accepted through UN/CEFACT, the UN Centre for Trade Facilitation and Electronic Business, to integrate trade finance into practices related to trade facilitation, initially, “Single Window” market access initiatives.


• Highlights of current trade facilitation practice and leading SingleWindow initiatives globally

• The critical role of financing, including the challenge of Access toFinance (A2F) in developing markets.

• Project scope and objectives

• Creating collaboration between financiers and development experts

Speakers:

Alexander Malaket, President, Opus Advisory Services (Discussion leader)


Gloria Pasadilla, Senior Analyst, APEC Secretariat

Markus Wohlgeschaffen, Managing Director, Global Head of Trade Products – Global Transaction Banking Corporate & Investment Banking, UniCredit

Rudolf Putz, Deputy Director Financial Institutions, Head Trade Facilitation Programme (TFP), European Bank for Reconstruction and Development (EBRD)

16.00 – 16.30

COFFEE BREAK

STREAM 1

Steven Beck, Head Trade Finance, Asian Development Bank

Adesh Sarup, Head of Transaction Banking Singapore, ANZ

STREAM 2

15:00 – 18:00

ICC Rules for the Experts(Continues until 18:00)


REGISTRATION

REGISTRATION FEES

The registration fee includes participation in the welcome cocktail, entry to the welcome cocktail, opening ceremony, gala dinner, plenary meeting programme, exhibition, lunches, coffee breaks, welcome kit and closing cocktail.

Travel and hotel expenses are not included.

ICC Members: ¤300

Non-Members: ¤500

HOW TO REGISTER

Easier and faster: register online (secured payment by credit card) at: http://www.iccwbo.org/SINGAPORE2015

Registration will be confirmed upon the completion of the online registration form and registration fees.

RULES The ICC Banking Commission produces universally accepted

rules and guidelines for international banking practice.

ICC rules on documentary credits, UCP 600, are the most

successful privately drafted rules for trade ever developed,

serving as the basis of USD2 trillion trade transactions a year.

POLICY-MAKINGThe ICC Banking Commission is helping policy makers

and standard setters to translate their vision into

concrete programmes and regulations to enhance

business practices throughout the world.

PUBLICATIONS AND MARKET INTELLIGENCEUsed by banking professionals and trade finance

experts worldwide, ICC Banking Commission

publications and market intelligence is the industry’s

most reputable and reliable source of guidance to

bankers and practitioners in a broad range of fields.

THE WORLD’S ESSENTIAL RULE-MAKING BODY FOR THE BANKING INDUSTRYWITH 80 YEARS OF EXPERIENCE AND MORE THAN 600 MEMBERS IN +100 COUNTRIES, THE ICC BANKING COMMISSION — THE LARGEST COMMISSION OF ICC, THE WORLD BUSINESS ORGANISATION — HAS RIGHTLY GAINED A REPUTATION AS THE MOST AUTHORITATIVE VOICE IN THE FIELD OF TRADE FINANCE.

DISPUTE RESOLUTIONThe ICC Banking Commission and ICC International Centre

for Expertise administer the ICC Rules for Documentary

Instruments Dispute Resolution Expertise (DOCDEX) to

facilitate the rapid settlement of disputes arising in banking.

EDUCATION AND CERTIFICATIONOver ten thousand people in over 100 countries

have trained and certified in international trade

finance using our suite of ICC approved online

training services and certification facilities.

SPECIALIZED TRAININGS AND EVENTSIn addition to its annual and technical meeting gathering

+300 international delegates every six months, the

ICC Banking Commission organizes regular seminars

and conferences around the world, in partnerships

with ICC National Committees and other sponsors.

STRATEGIC PARTNERSHIPS Well-established collaboration with leading policy makers

and trade association, including WTO (World Trade

Organization), ADB (Asian Development Bank), Berne

Union, EBRD (European Bank for Reconstruction and

Development), IDB (Inter-American Development Bank),

IFC (International Finance Corporation), IMF (International

Monetary Fund), SWIFT, the World Bank and others.

THE ICCBANKING COMMISSION

33-43 AVENUE DU PRÉSIDENT WILSON, 75116 PARIS, FRANCE

WWW.ICCWBO.ORG

WWW.ICCWBO.ORG

singapore 2015 · 2015-04-24 · singapore 2015 icc banking commission annual meeting 20-23 april...

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