Finance:International Financial Congress

International Financial Congress
Status	Аctive
Genre	Finance
Venue	Expoforum
Location(s)	Saint Petersburg
Country	Russia
Organized by	The Central Bank of the Russian Federation, Roscongress Foundation
Website	http://ibcongress.com/

The ceremony of memorable cancellation of the post block with stamps devoted to the Bank of Russia history

Roundtable on bank regulation and supervision

Special Address by Elvira Nabiullina, Governor, Bank of Russia

Dialogue with Anton Siluanov, Minister of Finance of the Russian Federation

Roundtable on reform of OTC derivatives market

The International Financial Congress (IFC) is a major annual conference dedicated to the finance industry. The event brings together heads of central and commercial banks, financial institutions, international financial organizations and financial regulatory authorities, as well as renowned experts from around the world and figures from academia and business. Since 1992, it has been held in St. Petersburg. Before 2016, the event was called the International Banking Congress (IBC). Congress sessions are held in the form of interactive discussions, in which the most topical issues arising in the global banking and financial system are discussed.

History

In the autumn of 1991, the first International Banking Congress was held in Frankfurt am Main, which was attended by Anatoly Sobchak, the then Mayor of St. Petersburg, and Viktor Khalansky, who was in charge of the Main St. Petersburg Office of the Central Bank of Russia. In his speech, Sobchak suggested that the next Congress be held in St. Petersburg.

An initiative was put forward by the Central Bank of Russia, and subsequently approved by the Russian government, to approach the world's leading banking institutions with the proposal to hold the International Banking Congress in St. Petersburg.

The proposal gained support from representatives of leading banks, international banking and financial institutions, and audit firms.

On January 16, 1992, a non-governmental organization, named the Foundation for Support of the International Banking Congress, was established to facilitate the running of the congress. The organization was renamed the St. Petersburg Public Foundation for the Support of the International Banking Congress in 1998.

In April 1992, the first St. Petersburg-based International Banking Congress was held. The Congress was attended by over 350 participants from 50 countries. The Vice-Mayor of St. Petersburg was a member of the organizing committee for the first five International Banking Congress events. At present, the President of the Russia Vladimir Putin is a member of the committee.

IFC timeline

Даты проведения конгресса	Детали конгресса
2nd International Banking Congress (IBC-1993)
April 21–23, 1993	Theme: East–West: Strategy and Tactics of Economic Interaction.
3rd International Banking Congress (IBC-1994)
September 14–17, 1994	Theme: Economic Stabilization and Strengthening of National Currencies.
4th International Banking Congress (IBC-1995)
June 6–9, 1995	Theme: Banking Personnel: Training, Skill Improvement and Management.
5th International Banking Congress (IBC-1996)
June 4–8, 1996	Theme: State and Problems of Development of the Securities Market in Russia.
6th International Banking Congress (IBC-1997)
June 3–7, 1997	Theme: Banking Risk Management: Experience and Problems.
7th International Banking Congress (IBC-1998)
June 2–6, 1998	Theme: Globalization of Financial Markets: Driving Forces and Consequences.
8th International Banking Congress (IBC-1999)
June 2–5, 1999	Theme: Restructuring of the Banking System: Experience, Problems, Prospects.
9th International Banking Congress (IBC-2000)
June 7–10, 2000	Theme: Banks: Challenges of the New Century.
10th International Banking Congress (IBC-2001)
June 6–9, 2001	Theme: Corporate Governance in Credit Institutions.
11th International Banking Congress (IBC-2002)
June 5–8, 2002	Theme: Market Discipline and Transparency: Accounting, Reporting, and Audit.
12th International Banking Congress (IBC-2003)
June 4–7, 2003	Theme: The Banking Sector and Sustainable Economic Growth. The congress addressed a wide range of issues relating to enhancing the role of the banking sector in securing progressive and sustainable economic growth based on best international banking practices.
13th International Banking Congress (IBC-2004)
June 2–5, 2004	Theme: Russia’s Banking System: Reflecting International Trends and Standards. The congress addressed a wide range of issues, including banking risks and risk management, establishment of a deposit insurance system, introduction of the IFRS, trans-border banking services, international competition and currency liberalization, corporate governance and internal banking control.
14th International Banking Congress (IBC-2005)
June 1–4, 2005	Theme: Banks. Regulation. Economics. The congress addressed the following issues: upgrading the banking business, increasing the importance of banks and banking systems in economic development, ways of improving regulation of and supervision over banking institutions on individual and consolidated bases, drawing on international experience in increasing the liquidity of the banking system, and the economic and legal aspects of the relationship between the Bank of Russia and credit institutions.
15th International Banking Congress (IBC-2006)
June 7–10, 2006	Theme: Basel Accords: Approaches and Implementation. The congress addressed issues and approaches relating to improving the efficiency of banking supervision, implementing Basel II (International Convergence of Capital Measurement and Capital Standards: A Revised Framework), giving stability to banks and banking systems, and improving internal control and internal auditing in banks.
16th International Banking Congress (IBC-2007)
June 6–9, 2007	Theme: Banks: Capitalization, Sustainability, Competitiveness. The congress addressed issues relating to the condition of the banking system and the level of its capitalization, the financial stability and competitiveness of banks, the development of bank risk management systems, transparency in banking, and the global trends in the development of banking and banking regulation in these areas.
17th International Banking Congress (IBC-2008)
May 28–31, 2008	Theme: Banks and Financial Intermediation: Current State and Prospects. The congress addressed issues relating to strengthening the role of banks in the development of financial intermediation and in monetary transmission mechanisms, increasing banks’ competitiveness in financial markets, introducing new banking products and technologies, and improving the quality of managing and controlling risks associated with these processes in the context of financial market globalization.
18th International Banking Congress (IBC-2009)
May 27–30, 2009	Theme: Growth and Sustainability in the Banking System: Finding the Optimum Balance. The congress addressed issues relating to developing the banking system during a global financial crisis, improving the stability and competitiveness of the banking system, consolidating the banking business, introducing new approaches to risk management, achieving cost reduction through the use of new technologies, and improving banking regulation and supervision.
19th International Banking Congress (IBC-2010)
May 26–29, 2010	Theme: Banks: Life After Crisis. The congress addressed issues relating to overcoming the consequences of the crisis and optimizing the functioning of the banking system in the post-crisis period, modern global trends in the development of banking and financial systems, banking regulation and supervision, current topics in risk management, developing banking services in the real sector of economy, and using new technologies in banking. A part of the event was devoted to the work of the Bank of Russia, which marked its 150th anniversary in 2010.
20th International Banking Congress (IBC-2011)
May 25–28, 2011	Theme: Banks: Modernization, Innovations, Investments. The congress addressed issues relating to modernization of the Russian banking system, the role of banks in shaping an innovative economy, banks’ participation in investment projects, risk management, application of new technologies in banking, and topical aspects of banking regulation and supervision.
21st International Banking Congress (IBC-2012)
June 5–8, 2012	Theme: Banking and Bank Regulation: Strategies, Outcomes, Prospects. The plenary session and discussions centred around domestic and international aspects of the development of the banking business, the interaction between the financial sector and the economy, modernization tools and ways to secure stability for the banking system, and the objectives of banking regulation and banking supervision.
22nd International Banking Congress (IBC-2013)
June 4–7, 2013	Theme: Financial Sustainability: Micro and Macro Approaches The plenary session and discussions centred around topical issues relating to enhancing the stability of banks and banking and financial systems, and using modern approaches to tackling such issues, the objectives of identifying and assessing the levels of individual and systemic risks, and of achieving optimum overall economic results.
23rd International Banking Congress (IBC-2014)
June 30 – July 2, 2014	Theme: New Realities in Banking. The Congress business programme addressed issues relating to targeting inflation, regulating banking operations, the condition and prospects of cash and non-cash payments, the systemic risks in the financial sector, the development of payment systems, and price stability and strengthening of the banking sector. In 2014, the SPIEF Foundation acted as event operator for the first time.
24th International Banking Congress (IBC-2015)
June 3–5, 2015	Theme: The Financial Industry: Challenges and Solutions. The congress addressed issues relating to improving accessibility to finance, modern realities of the payments industry, reform in the exchange derivatives market, banking supervision, the role of central banks, the adaptation of the economy to external conditions, inflation expectations, financial education and the adaptation of the economy and the financial system to the new economic conditions.
25th International Financial Congress (IFC-2016)
June 29 – July 1, 2016	Theme: The Future of Financial Markets. The Congress adopted a different format in 2016, with discussions moving beyond just the banking sector to cover the entire financial system. Over the course of five plenary sessions, Congress participants discussed economic growth, financial stability, monetary policy in a time of global uncertainty, the future of banking, key areas for the development of financial markets, and advanced technologies and innovations in the finance market. At 20 round tables, participants discussed the growth of trust management, the insurance market, private pension funds, the financial instruments market and microfinancing, cash circulation and non-cash payments, changes in banking regulation, risk management, customer rights protection, increasing access to financial services, national payment mechanisms, and much more.
26th International Financial Congress (IFC-2017)
July 12–14, 2017	In 2017, the International Financial Congress business programme will take place at the Presidential Library and the Manege Central Exhibition Hall. The Congress will be held with the support of the Administration of St. Petersburg and the Roscongress Foundation.

External links

• International Financial Congress.
• International Banking Congress.
• Roscongress Foundation.
• The Central Bank of the Russian Federation.