De-risking is a man-made problem, which fortunately means there can be a manmade solution.
2018 TFP Event and Awards Ceremony
The Trade Facilitation Programme (TFP) holds its annual awards ceremonies at the EBRD’s Annual Meeting to honour the most active issuing and confirming banks involved in the Programme.
The 2018 TFP Event and Awards Ceremony took place on 10 May 2018 in Jordan as part of the EBRD Annual Meeting and Business Forum.
The ceremony was attended by the Governor of the Central Bank of Jordan, Ziad Fariz, hosted by Nick Tesseyman, EBRD Managing Director, Financial Institutions, and supported by David Yung-Lo Lin, Taipei Representative Office in the United Kingdom.
Mr Tesseyman said: “Trade finance is an essential part of fostering economic development and growth. It is our partner banks that make progress happen by providing the financial means that allow companies to explore and conquer new markets. The EBRD is proud to be associated with this, and our awards today are an expression of our recognition and appreciation.”
The awards ceremony marked the end of the TFP’s information session. The event attracted over 250 representatives from issuing and confirming banks as well as decision-makers in trade finance, and enabled them to discuss industry challenges with leading specialists, including regulators.
The focus of discussions was on new challenges, such as the rising cost of complying with anti-money laundering (AML) and know-your-customer (KYC) regulations.
Experts discussed the impact of de-risking in trade finance, streamlining and reducing KYC costs and the potential and future trends in AML and KYC.
The EBRD TFP team presented its action plan to address current industry challenges and support partner banks with mastering these new tests.
TFP Information Session and Annual Awards Ceremony
The event was superprofessional. We enjoyed it very much and made plenty of new contacts. Also, a big thank you for the award. It is a flattering testament to how intensively our two institutions worked together last year.
A very professional event, well attended and well organised in the presentations and discussions. My warmest thanks go to all the organising team.
While de-risking is hardly ‘news’ for those in correspondent banking, there is still much at stake, including the future of banks’ correspondent relationships. But that future is still very much within their control.
TFP AWARDs 2018
Most active TFP issuing banks and confirming banks in 2017, by number of transactions
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Most active issuing bank in Armenia
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Most active issuing bank in Belarus
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Most active issuing bank in Bulgaria
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Most active partner bank in Croatia
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Most active issuing bank in Egypt
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Most active issuing bank in FYR Macedonia
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Most active issuing bank in Georgia
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Most active issuing bank in Greece
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Most active issuing bank in Jordan
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Most active issuing bank in Kosovo
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Most active issuing bank in the Kyrgyz Republic
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Most active issuing bank in Moldova
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Most active issuing bank in Mongolia
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Most active issuing bank in Montenegro
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Most active issuing bank in Morocco
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Most active issuing bank in Romania
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Most active issuing bank in Serbia
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Most active issuing bank in Tajikistan
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Most active issuing bank in Tunisia
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Most active issuing bank in Turkey
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Most active issuing bank in Turkmenistan
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Most active issuing bank in Ukraine
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Most active confirming bank
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Academic Excellence Award in cooperation with the ICC
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Deal of the Year
Facilitating the import of a merry-go-round from Bulgaria to FYR Macedonia
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Deal of the Year - Social Impact
Modernising the provision of medical care in the Kyrgyz Republic
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Deal of the Year – Energy Ef ficiency
Import of energy efficient leather production equipment from Spain to Egypt
Every annual and semi-annual TFP event has been successful. Their popularity has grown substantially among the banks, policymakers, trade finance experts and service providers. They offer the most informative and exceptionally good networking opportunities to discuss the most vulnerable issues with market leaders.
Most Active Issuing Bank
Kyrgyz Republic
