ICC Academy to Tackle Crucial Industry Issues at Upcoming Conference on Trade Compliance

September 9, 2016         By: Mike Dautner

The International Chamber of Commerce (ICC) Academy is to hold its first Regulation and Compliance in Trade Finance Conference on 26 October 2016 in Singapore.

This high-level event will gather some of the trade finance industry’s leading professionals to discuss regulatory trends – both in the regulatory capital and financial crime fields – which have had a major impact on the financing of trade in recent years. Leveraging the ICC Academy’s position as the leading education provider for trade professionals, the conference will include practical sessions on how banks and corporates can best manage increasing regulatory compliance risks.

“Compliance in the finance sector is now more important than ever.”

Daniel Kok, ICC Academy General Manager said: “Compliance in the finance sector is now more important than ever. The increasing burden of regulatory compliance means more challenging times for banks and corporates. That’s why we are focused on providing high-quality training for trade professionals on how to manage risks and ensure the maximum operational efficiency.”

ICC Secretary General John Danilovich will open the first-of-its-kind event which will feature speakers drawn from industry, government and regulatory bodies. Participants will also be able to choose from two separate streams – capital adequacy or compliance – depending on their particular interests.

Announcing the 2016 Global Survey results

Another key component of the conference will be the release of the results from the 2016 ICC Global Trade and Finance Survey. Conducted by the ICC Banking Commission , the report has gained widespread recognition for providing the most accurate and detailed view of the market’s current status and trends. This type of intelligence is vital for bankers, traders and government officials alike to properly understand and react to the state of the industry.

Mr Danilovich said: “Regulatory compliance has become a key theme in the context of discussions related to the availability of trade finance. We are committed to advancing this agenda both through constructive engagement with policymakers and high-quality compliance training.”

Introducing the CTFP certification

The conference will officially launch the Certified Trade Finance Professional (CTFP) certification. Targeting corporates and financial institutions, this advanced level diploma comprises five core e-courses and four electives. It is designed with a specific focus on front and middle office divisions and provides a comprehensive overview of trade finance products and techniques. This certification is another example of the ICC Academy’s efforts to reduce the industry’s information and knowledge gap.

To register or learn more about the Regulation and Compliance in Trade Finance Conference, please visit the event website.

For questions, please contact ICC Academy’s Marketing and Events manager Katrina Allikas at katrina.allikas@icc.academy .