FELABAN Annual Assembly Brings Top Financial Leaders to Miami

For the first time, major Chinese banks will discuss their interest in & outlook for Latin America

Nov 05, 2009, 11:14 ET from FELABAN

MIAMI, Nov. 5 /PRNewswire/ -- Amidst a still uncertain economic outlook, some of the most respected names in the financial world will gather in Miami on November 16-17, to share their opinions and prospects for the economy and the financial sector.

Leading the presentations will be Dr. Nancy Lee, Assistant Deputy Secretary for the Western Hemisphere, U.S. Treasury Dept. Her background in the region will provide fresh perspectives on how regional integration can reduce barriers to foreign and domestic investment, and offer incentives for growth.

The FELABAN Annual Assembly attracts nearly 2,000 bankers from more than 50 countries and, for the first time in its 47-year history, it will bring together three of the leading Chinese banks who are actively trading with Latin America, highlighting China's increased interest in the region and vice-versa. Yung-Chang (Jim) Ho, Managing Director for Greater China and OECD Asia, Wachovia Bank, will lead a panel discussion with Bank of China, China Construction Bank, and Agricultural Bank of China. The growing direct trade flows between Latin America and China - Latin America's exports to Asia now account for 10% of total exports compared to 5% just a decade ago -- mean that "it is no longer business as usual in the region," according to Pat Roth, Florida International Banking Association's (FIBA) Executive Director, who is organizing the conference.

The InterAmerican Development Bank (IDB) has also selected this year's FELABAN Assembly as its platform to launch its next-generation initiative for Latin America -- "Beyond Banking: Banking on Global Sustainability."

All major international banks in our Hemisphere will be present at the Assembly. Roberto Setubal, president of Banco Itau, Latin America's largest bank, and Rick Waugh, CEO of Scotiabank, two of the most active international banks in the region, will provide their take on the challenges and opportunities of the current environment.

"This will be a unique Assembly," added Roth, "We have a relatively strong and liquid banking system throughout most of Latin America, which means that this time, emerging regions may be the catalysts for global recovery. The viewpoints presented at the FELABAN Annual Assembly in Miami are likely to provide a roadmap for the financial sector for some time to come."

For additional info: www.asambleamiami.com; FIBA contacts: 305 579 0086; fiba@fiba.net.

SOURCE FELABAN



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