FIBA’s advocacy efforts serve as a collective voice among local, national and international regulators, policy makers and stakeholders. Since the 2008 financial meltdown, financial institutions have had to review their risk management and liquidity policies. From implementing a culture of compliance to de-risking and the business implications concerning what will substitute the businesses exited. This has had broad repercussions on how management and the board of director’s measure liquidity risk and the policies and procedures needed to maintain a sound rating.
In addition the increasing demand from regulators to implement stronger Anti-Money Laundering and anti-corruption policies and procedures, represents a challenge to Financial Institution’s given the rapidly evolving nature of technology in a global market.
Finally, the increased pressure on foreign institutions to improve their correspondent banking relationships with U.S. Banks while meeting the scrutiny of U.S. regulators vis a vis OFAC, FATCA, FCPA.
FIBA Academy is composed of a team of highly experienced banking professionals providing a leadership role in advocating the advancement of sound business practices and regulatory enforcement within the financial sector.