The Asian Banker Summit 2012: Trust as a pillar of the industry
The 2012 Asian Banker Summit in CentralWorld Bangkok witnessed leaders of financial institutions globally engaging in stimulating discussions on central issues faced in financial services today. May 16, 2012 | Levina LimThe 25th to 27th of April 2012 witnessed the convergence of leading practitioners in the financial services industry from across the global region; in what is undisputedly the largest and foremost annual financial services conference of its kind, the annual Asian Banker Summit organised by The Asian Banker. This year, keynote speakers included Dick Kovacevich, chairman emeritus of Wells Fargo, Prasarn Trairatvorakul, governor of the Bank of Thailand, and Chartsiri Sophonpanich, chairman of the Thai Bankers' Association. Decision makers and senior professionals from diverse regions, across various financial sectors convened to connect, to share and to learn, engaging on global themes at a trying juncture as the Western financial world continues to be plagued with a swamp of concerns, and largely suffering through a breakdown of trust. “Trust as a pillar of the industry,” thus marked the theme of the 13th Asian Banker Summit held at the Centara Grand & Bangkok Convention Centre in Bangkok CentralWorld. In the keynote speech by Trairatvorakul, the Thai governor pointed out that trust is the cornerstone of the financial industry, cautioning that trust needs to be combined with a healthy dose of scepticism. “The strategy is to have trust that is counterbalanced by well-informed debate on risk management, supervision, and good governance,” said Trairatvorakul. Such a strategy is increasingly important in the financial industry, where the Eurozone crisis has resulted in a meltdown on trust. Kovacevich, a distinguished figure in the banking industry, shared in his opening speech of the event, insights he had gleaned throughout his years of leading Wells Fargo. He highlighted the vital importance of disciplined risk management, of cultivating an organisation culture with emphasis on accountability, and the value of cross-selling, enabled by strong customer loyalty. “The more business a customer does with you and the more channels they use, the ... Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Asian Banker Summit 2012, Innovation, Regulation, Risk and Regulation, Rmb, Technology & OperationsAsian Banker Summit 2012,Innovation,riskregulation,Risk and Regulation,Rmb,technology, Asian Banker Summit 2012,Innovation,Regulation,Risk and Regulation,Rmb,Technology & Operations, Keywords:Dick Kovacevich, Wells Fargo, Prasarn Trairatvorakul, Bank Of Thailand, Chartsiri Sophonpanich, Thai Bankers' Association, Paul Jameson, CISCO, Liu Ming Kang, CBRC, Colin Lawrence, FSA UK, Fang Du, RBS, Li Shu Pui, HKMA, Gil Gadot, Fundtech, SWIFT Dick Kovacevich, Wells Fargo, Prasarn Trairatvorakul, Bank of Thailand, Chartsiri Sophonpanich, Thai Bankers' Association, Paul Jameson, CISCO, Liu Ming Kang, CBRC, Colin Lawrence, FSA UK, Fang Du, RBS, Li Shu Pui, HKMA, Gil Gadot, Fundtech, SWIFT
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