The International Financial Congress (IFC) was an annual conference hosted in Saint Petersburg in Russia dedicated to the finance industry. The event brought 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. It ran from 1991 until 2019.
| International Financial Congress | |
|---|---|
 | |
| Status | Defunct |
| Genre | Finance |
| Venue | Expoforum |
| Location(s) | Saint Petersburg |
| Country | Russia |
| Years active | 1991 - 2019 (converted to the Financial Congress of the Bank of Russia) |
| Organized by | The Central Bank of the Russian Federation, Roscongress Foundation |
| Website | ibcongress |
Since 1992, it had been held in St. Petersburg and was called the International Banking Congress (IBC) until 2016 when it was renamed as the International Financial Congress. Congress sessions were held in the form of interactive discussions, in which the most topical issues arising in the global banking and financial system are discussed.
The conference was cancelled in 2020 due to Covid-19 and held online in 2001. After the Russian invasion of Ukraine in 2022, international participants could no longer attend and the conference was renamed the Financial Congress of the Bank of Russia with a focus on domestic Russian economy and banking.
History
editIn 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. The President of the Russian Federation Vladimir Putin became a member of the committee.[1]
The conference was cancelled in 2020 due to COVID-19 pandemic and held online in 2001.
In 2022, after the Russian invasion of Ukraine, the conference was renamed the Financial Congress of the Bank of Russia with a focus on the domestic Russian economy and banking.
IFC timeline
edit| Congress Dates | Congress Name | Congress Theme |
|---|---|---|
| April 21–23, 1993 | 2nd International Banking Congress (IBC-1993) | East–West: Strategy and Tactics of Economic Interaction. |
| September 14–17, 1994 | 3rd International Banking Congress (IBC-1994) | Economic Stabilization and Strengthening of National Currencies. |
| June 6–9, 1995 | 4th International Banking Congress (IBC-1995) | Banking Personnel: Training, Skill Improvement and Management. |
| June 4–8, 1996 | 5th International Banking Congress (IBC-1996) | State and Problems of Development of the Securities Market in Russia. |
| June 3–7, 1997 | 6th International Banking Congress (IBC-1997) | Banking Risk Management: Experience and Problems. |
| June 2–6, 1998 | 7th International Banking Congress (IBC-1998) | Globalization of Financial Markets: Driving Forces and Consequences. |
| June 2–5, 1999 | 8th International Banking Congress (IBC-1999) | Restructuring of the Banking System: Experience, Problems, Prospects. |
| June 7–10, 2000 | 9th International Banking Congress (IBC-2000) | Banks: Challenges of the New Century. |
| June 6–9, 2001 | 10th International Banking Congress (IBC-2001) | Corporate Governance in Credit Institutions. |
| June 5–8, 2002 | 11th International Banking Congress (IBC-2002) | Market Discipline and Transparency: Accounting, Reporting, and Audit. |
| June 4–7, 2003 | 12th International Banking Congress (IBC-2003) | The Banking Sector and Sustainable Economic Growth. |
| June 2–5, 2004 | 13th International Banking Congress (IBC-2004) | Russia’s Banking System: Reflecting International Trends and Standards. |
| June 1–4, 2005 | 14th International Banking Congress (IBC-2005) | Banks. Regulation. Economics. |
| June 7–10, 2006 | 15th International Banking Congress (IBC-2006) | Basel Accords: Approaches and Implementation. |
| June 6–9, 2007 | 16th International Banking Congress (IBC-2007)[2] | Banks: Capitalization, Sustainability, Competitiveness. |
| May 28–31, 2008 | 17th International Banking Congress (IBC-2008)[3] | Banks and Financial Intermediation: Current State and Prospects. |
| May 27–30, 2009 | 18th International Banking Congress (IBC-2009)[4] | Growth and Sustainability in the Banking System: Finding the Optimum Balance. |
| May 26–29, 2010 | 19th International Banking Congress (IBC-2010) | Banks: Life After Crisis. |
| May 25–28, 2011 | 20th International Banking Congress (IBC-2011)[5] | Banks: Modernization, Innovations, Investments. |
| June 5–8, 2012 | 21st International Banking Congress (IBC-2012)[6][7] | Banking and Bank Regulation: Strategies, Outcomes, Prospects. |
| June 4–7, 2013 | 22nd International Banking Congress (IBC-2013) | Financial Sustainability: Micro and Macro Approaches |
| June 30 – July 2, 2014 | 23rd International Banking Congress (IBC-2014)[8][9] | New Realities in Banking. |
| June 3–5, 2015 | 24th International Banking Congress (IBC-2015)[10] | The Financial Industry: Challenges and Solutions. |
| June 29 – July 1, 2016 | 25th International Financial Congress (IFC-2016) | The Future of Financial Markets. |
| July 12–14, 2017 | 26th International Financial Congress (IFC-2017) | Support of St. Petersburg and the Roscongress Foundation. |
| June 8-10, 2018 | 27th International Financial Congress (IFC-2018) | |
| July 4—6, 2019 | 28th International Financial Congress (IFC-2019) |
References
edit- ^ "The Saint-Petersburg Foundation for Support of International Banking Congresses (IBC)". www.mbk.spb.ru. Retrieved March 17, 2016.
- ^ "UNIStream participated in the XVI International Banking Congress in St. Petersburg – Unistream. Money Transfers". uk.unistream.com. Archived from the original on March 16, 2016. Retrieved March 15, 2016.
- ^ "Dmitry Medvedev sent his greetings to guests and participants in the XVII International Banking Congress". President of Russia. May 28, 2008. Retrieved March 15, 2016.
- ^ "Dmitry Medvedev sent greetings to participants and guests at the XVIII International Banking Congress (IBC-2009) held on May 27–30, 2009 in St Petersburg". President of Russia. May 27, 2009. Retrieved March 15, 2016.
- ^ "Twentieth International Banking Congress opens in St. Petersburg". www.inform.kz. Retrieved March 15, 2016.
- ^ "Novikombank / Press-center / News". www.novikom.ru. Archived from the original on March 15, 2016. Retrieved March 15, 2016.
- ^ "Online-publication "CCI—Inform"". eng.tpp-inform.ru. Archived from the original on March 15, 2016. Retrieved March 15, 2016.
- ^ "XXIII International Banking Congress opens in St. Petersburg – SPIEF". St. Petersburg International Economic Forum 2015. Archived from the original on March 15, 2016. Retrieved March 15, 2016.
- ^ "23rd International Banking Congress held in St. Petersburg – SPIEF". St. Petersburg International Economic Forum 2015. Archived from the original on March 15, 2016. Retrieved March 15, 2016.
- ^ "Statement by Bank of Russia Governor Elvira Nabiullina at the 24th International Banking Congress on 4 June 2015 | Bank of Russia". www.cbr.ru. Retrieved March 15, 2016.