Rethinking future of banking as basis for WCBI hosting

Rethinking future of banking as basis for WCBI hosting

Concerned about sustainable growth and investment opportunities in the banking sector as well as the economy generally, the Chartered Institute of Bankers of Nigeria (CIBN) in 2015 accepted to host the 22nd edition of the World Conference of Banking Institute (WCBI).

The WCBI serves as a veritable platform for the banking institutes to strategically appraise the achievements and challenges faced by the banking sub-sector globally and also effectively enhance the financial sector’s performance.

Globally, banking and its functions are moving away from the brick-and-mortal system to a virtual one. This therefore necessitates the need for redefining the current structure that characterizes banking.

One of the objectives of the conference is understand the impact of technology and globalization on the financial services sector and how it can be effectively applied in service delivery, both to bank customers and in banking education and training.

It also explores management issues in the financial services sector and its impact on national and global economies.

The conference themed, Re-thinking the Future of Banking and Finance and Life-long Learning, is scheduled to hold from April 24 – 28 in Lagos. The theme was deliberately chosen to achieve the objective of peeping into the future of banking and developing feasible steps that would ensure that the industry is well prepared to exploit the opportunities that the new banking dynamics would provide and strategies to address the challenges that may ensued.

The theme of the Conference provides a platform for delegates to review what has been accomplished in the financial services sector in the last decade, with emphasis on the revolutionary banking reforms that occurred in different countries of the world following the global economic crisis of 2008 and 2009.

The Conference will attract delegates and resource persons across the world, including: Americas, Australia, Asia, Europe and other parts of Africa.

Also, as is the mandate of the CIBN, continuous learning and development by all banking professionals is of the utmost importance not just to the individual but to the growth of the banking and financial sector as a whole.

The Conference would have many benefits. It is sure to guarantee huge number of visitors and business tourism. There would also be bountiful investment opportunities whilst placing the Nigerian banking and finance sector on the global stage thereby giving it the power to conveniently lead the Nigerian economy out of its current state of recession.

The Conference is expected to attract over 1000 banking and finance professionals from across the globe to Lagos. This would serve as a great opportunity not only to showcase the rich culture of Lagos but to develop both leisure and business tourism in Nigeria. The event would also provide a platform to attract foreign direct investment which in turn would provide more jobs and spur economic growth and development.

In its 54 years of existence, the CIBN has not only sustained the legacy of building human capacity in the banking and finance industry through its diverse and cutting edge certification programmes, but has been on the front line of promoting ethical and professional conduct in the industry. The Institute has also assisted some other West African countries to set up their national banking Institutes and conducts different certification programmes in others.    

The choice of Lagos as the venue for the Conference is primarily due to the undeniable fact that the state is the financial hub of the country. Incidentally, the world Conference to be hosted by the CIBN in the city of Lagos coincides with the 50th Anniversary of a state that, for several years, has been an investment haven for both local and international entrepreneurs and business moguls. It is therefore not surprising that the state, under the leadership of Akinwumi Ambode, has expressed its unreserved support for the Conference and lining it up as one of the activities to celebrate the “State of Excellence” at 50. 

Subject matter experts have been carefully chosen to handle each of the five sub-themes with excellent academic and professional touches. The sub-themes are Envisioning the Future of Banking & Finance in the Global Economy; Re-Professionalising Banking through Continuous Education; The Dynamics of Competition: Present & Future; The Need for and Role of Banking/Finance Standards: Global, Regional and National and; The Desire for Lifelong Learning.

There are also parallel sessions at the Conference that would draw participants from all the continents of the world. These sessions would focus on critical aspects of banking and finance such as technology, payments system, regulation, artificial intelligence and so on.   

The speaker for the first sub-theme: Envisioning the Future of Banking and Finance in the Global Economy is Adjiedj Bakas, a distinguished thought leader and author of the “Future of Banking”, while His Highness, Muhammad Sanusi II, Sarkin Kano, former Governor of Central Bank of Nigeria, will be the Chairman. The panelists for the session will include Temitope Odukoya, West Africa Corporate Finance Leader, Deloitte (Nigeria);  Tay Kay Luan, Executive Director of Australian New Zealand Institute and former CEO, The Asian Institute of Chartered, Bankers.

The second sub-theme: Re-Professionalising Banking through Continuous Education has two speakers: Collin Morrison, President, European Banking and Financial Services Training Association and Prof. John Ashton, Academic Director, Bangor University while the Chairman will be Ted Gardener. Gardener is the Consultant Director and Co-Director of the Institute of European Finance. The Panelists are: Young-Je Cho, President, Korean Banking Institute; ‘Uju M. Ogunbunka, Chairman, Bank Customers Association of Nigeria (BCAN) and former Registrar/Chief Executive, CIBN and Lee Arthur, managing director, New York Institute of FinanceAndrew S. Nevin, Advisory Partner and Chief Economist, Price Waterhouse Coopers, Nigeria and a leading global thinker, is the speaker for the third sub-theme: The Dynamics of Competition: Present and Future while Peter J. Armond, Chairman, the Alliance of African Institutes of Bankers (AAIOB) & CEO, Zambia Institutes of Banking & Financial Services will chair the session. The panelists include: Taiwo Oyedele, Partner/Head of Tax and Reg. Serv. West Africa, Price Waterhouse Coopers; Olu-Segun Olasode, Chief Executive, TL First Group; Charles Kie, Managing Director/CEO Ecobank Nigeria Limited and Konyinsola Ajayi, SAN, Managing Partner, Olaniwan Ajayi LP

HOPE MOSES-ASHIKE

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