Sun Feb 23, 2025 08:51 PM
Last update on: Sun Feb 23, 2025 08:51 PM
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Sun Feb 23, 2025 08:51 PM Last update on: Sun Feb 23, 2025 08:51 PM
Ataur Rahman, secretary general of ICC Bangladesh, poses for photographs with participants and guests of a workshop on “Global Banking Commission Outlook, DSI, Compliance and Trade Finance Risk Management for the Bankers of Bangladesh,” jointly organised by ICCB and ICC HQs Paris in Dhaka recently. Photo: ICCB
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Ataur Rahman, secretary general of ICC Bangladesh, poses for photographs with participants and guests of a workshop on “Global Banking Commission Outlook, DSI, Compliance and Trade Finance Risk Management for the Bankers of Bangladesh,” jointly organised by ICCB and ICC HQs Paris in Dhaka recently. Photo: ICCB
The International Chamber of Commerce, Bangladesh (ICCB) recently organised a daylong workshop on “Global Banking Commission Outlook, DSI, Compliance and Trade Finance Risk Management for the Bankers of Bangladesh,” jointly with ICC HQs Paris in Dhaka.
A total of 96 participants from 26 different banks, including Bangladesh Bank, the Bangladesh Institute of Bank Management, Karnaphuli Fertiliser Company Limited, and some clients of Mutual Trust Bank, attended the workshop.
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The objective of the workshop was to discuss the global financial landscape, macroeconomics, geopolitics, compliance, global digitalisation trends, and initiatives linked to MLETR digitalising international trade.
The workshop was sponsored by ODDO BHF SE Bank, Frankfurt, Germany, according to a press release.
In his opening remarks, Ataur Rahman, secretary general of ICC Bangladesh, said that Bangladesh’s economy has increasingly been involved in international trade transactions, and, as such, improved and efficient cross-border trade will have notable implications for the country’s LDC graduation process.
“The regulatory environment entails greater involvement of the trade finance banks, which carry greater risks,” he said.
“In the context of growing business complexities, higher compliance requirements, widespread technological adoption, high market expectations, and growing financial crimes, trade finance is becoming increasingly challenging for the banks of the country,” he added.
“Compliance and risk management must remain at the heart of our trade finance operations.”
“As global regulatory frameworks become more stringent, our banks and financial institutions must strengthen their due diligence processes, adopt robust risk management frameworks, and enhance transparency to mitigate financial crimes and ensure long-term sustainability,” he concluded.
Tomasch Kubiak, policy manager of ICC Global Banking Commission; Thomas Kuerten, international banking sales/senior regional manager at ODDO BHF SE Bank; Sabio Jin, senior partner of Jincheng Tongda and Neal Law Firm, Beijing; Shah Md Ahsan Habib, professor at BIBM; and Mostafa Abid Khan, component manager of the Support for Sustainable Graduation Project at the Economic Relations Division, spoke at the event.
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