The Global Corporate Governance Forum, in collaboration with the European Bank for Reconstruction and Development, is organizing a meeting for banks and banking regulators from Southeast Europe in London on June 16, 2011.
The aim of the Meeting is to discuss key findings on the governance of banks in Southeast Europe and launch a Policy Brief with recommendations for improving bank governance in the region. The Policy Brief will be a non-binding document reviewing governance issues in Southeast European banks and offering best practice recommendations to help strengthen the banking sector. Its purpose is to serve as a reference point, together with other international guidance such as the OECD Principles of Corporate Governance and the Basel Committee Guidance on Enhancing Corporate Governance for Banking Organisations (“Basel CG Guidance”).
Some of the issues to be discussed include: Is there a need for independence on the boards of closely-held banks? Can a sophisticated control environment be expected to function in small banks with limited human resources and financial capacity? What relevance do sophisticate risk models have? How can disclosure work when information users are poorly prepared to understand information? What is the impact of the overwhelming presence of foreign bank subsidiaries on the banking sector and the economy, and how are regulators supposed to respond?
Draft Agenda and background information
This Meeting flows from the first High Level Policy Meeting on Corporate Governance of Banks in Southeast Europe held in Belgrade, Serbia in December 2009. It was attended by more than 70 representatives of the banking sector from Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Montenegro, Romania and Serbia. At that meeting the participants agreed to develop the Policy Brief that will be launched at the follow up meeting in London in June 2011.
For inquiries about this event, please contact Ralitza Germanova at Rgermanova@ifc.org
The Meeting is organized with the support of:
The aim of the Meeting is to discuss key findings on the governance of banks in Southeast Europe and launch a Policy Brief with recommendations for improving bank governance in the region. The Policy Brief will be a non-binding document reviewing governance issues in Southeast European banks and offering best practice recommendations to help strengthen the banking sector. Its purpose is to serve as a reference point, together with other international guidance such as the OECD Principles of Corporate Governance and the Basel Committee Guidance on Enhancing Corporate Governance for Banking Organisations (“Basel CG Guidance”).
Some of the issues to be discussed include: Is there a need for independence on the boards of closely-held banks? Can a sophisticated control environment be expected to function in small banks with limited human resources and financial capacity? What relevance do sophisticate risk models have? How can disclosure work when information users are poorly prepared to understand information? What is the impact of the overwhelming presence of foreign bank subsidiaries on the banking sector and the economy, and how are regulators supposed to respond?
Draft Agenda and background information
This Meeting flows from the first High Level Policy Meeting on Corporate Governance of Banks in Southeast Europe held in Belgrade, Serbia in December 2009. It was attended by more than 70 representatives of the banking sector from Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Montenegro, Romania and Serbia. At that meeting the participants agreed to develop the Policy Brief that will be launched at the follow up meeting in London in June 2011.
For inquiries about this event, please contact Ralitza Germanova at Rgermanova@ifc.org
The Meeting is organized with the support of:
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