FIBA Partners with FIU Center for Leadership
U.S. AND SPANISH REGULATORS MEET WITH BANKERS FROM THE AMERICAS IN OPEN FORUM TO DISCUSS CHALLENGES AND OPPORTUNITIES FOR EUROPE, U.S. AND LATIN AMERICA
The internationalization of Spanish Banking will be one of the key topics of the
Spain-U.S. Forum on International Banking: Challenges and Opportunities, organized by
FIBA, to be held in Madrid, May 23, 2011
Miami (May 2, 2011) – Florida International Bankers Association (FIBA) is taking another step forward in the goal of expanding business and banking opportunities for its members. For the first time, FIBA is bringing together regulators from the Federal Reserve (Fed) in the United States, and the business and banking communities in Europe, the United States and Latin America, for an open and positive dialogue about the challenges, business opportunities and key
success requirements facing financial institutions in Spain and the United States. The Spain-U.S. Forum on international Banking: Challenges and Opportunities, organized by FIBA, with support from FELABAN and the Asociación Espanola de Banca, will be held in Madrid, May 23, 2011 from 9:00 a.m. to 7:00 p.m. at the Hotel Meliá Castilla. Of particular focus are financial institutions based in Florida with operations in Latin America, including Spanish banks.
“This is an ideal time to enhance communication and coordination between regulators and the business and banking communities in Spain and the United States in order to stimulate growth,” said Darío Fuentes, president of FIBA and senior vice president and general manager for Caja Mediterráneo in Miami.
According to Mr. Fuentes, the event will provide a unique platform for increasing understanding of how to use Spain and Florida as gateways to business opportunities in Europe and the Americas. “With key support from the Latin America Federation of Banks (FELABAN), Latin America financial institutions have become strategic partners for banks aiming to grow through international expansion.”
Oscar Rivera, President of FELABAN and General Manager of MiBanco in Peru, will join FIBA in the day-long forum on opportunities and challenges facing the industry.
The FIBA event, supported by FELABAN and the Spanish Banking Association (Asociación Española de Banca), will be moderated by Santiago Carbó-Valverde, PhD. Dr. Carbó-Valverde, a consultant to the Federal Reserve Bank of Chicago, is the head of Financial Studies of the Spanish Savings Bank Foundation, and professor of economics at the University of Granada.
Some of the topics to be discussed include:
• Top industry issues facing financial institutions, including domestic Spanish banks;
• Summary of key changes in regulatory and banking industry reform;
• Major business opportunities and challenges for financial institutions, including evolving business models and expansion of international services and activities;
• Top industry issues facing domestic and international banks in the United States with summary of key changes in new regulatory, and the impact of financial regulatory reform;
• Major business opportunities and challenges for banks operating in Florida for targeting their U.S. and international clients, including evolving business models for expansion of client services; advantages of centralized management of activities in Latin America. Spain is one of Florida's most important foreign investors and an important member of its
international business community. A total of ten Spanish banks and cajas (savings banks/credit unions) are represented in Florida, as well as 300 of the 500 Spanish companies operating in the U.S. “Florida is the financial and commercial bridge between the U.S. and Latin America, and thus provides an ideal base for Spanish and European banks and businesses to direct and do business in the Americas,” said Pat Roth, executive director of FIBA.
The Florida International Bankers Association (FIBA), Inc., is a nonprofit trade association, founded in 1979. Its membership includes financial institutions from 18 countries, across 4 continents, including some of the largest banks from Europe, the U.S. and Latin America conducting international business in our hemisphere. FIBA is a leader in education, offering more than 700 on line e-learning courses, and certification in Anti Money Laundering.