Panama will host the First International Banking Congress for Regulators and Bankers, which will be held on February 14 and 15, 2019 to analyze the prevention of money laundering and innovations, as reported by sector authorities.
Under the motto “Challenges and Opportunities in an Evolving Industry”, the event will seek to promote better practices to develop the financial sector.
“The regulatory changes against money laundering, new technologies in the financial sector, as well as financial inclusion represent opportunities and great challenges for banking throughout the continent,” said the Superintendent of Banks of Panama, Ricardo Fernandez.
In the banking sector, regulatory bodies are obliged to raise the quality of supervision of the system, promote the modernization of tools and maintain a continuous process of updating.
The Superintendence of Banks of Panama (SBP), organizer of the meeting, informed that banking supervisors from America, executives, representatives of correspondent banks, as well as the risk and multilateral rating agencies will participate.
The topics will be like Basel III, prevention of money laundering, risking, the new risks facing the industry, financial innovation-Fintech, cyber security, among others.
The meeting is expected to include speakers from the World Bank, the International Monetary Fund, the Inter-American Development Bank, the Bank for International Settlements, the Treasury of the United States of America, the Office of the Comptroller of the Currency (OCC), the Bank of Spain and the Moody’s and Standard & Poor’s risk rating agencies.