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June 2017
17 June
Panel Session

THE RUSSIAN BANKING SECTOR – ADJUSTING TO THE NEW MACRO-CLIMATE

10:15-11:30 Congress Centre, Conference Hall D1
Lower commodity prices and curtailed US dollar and euro financing have pushed the Russian banking sector into making major strategic adjustments. What steps should Russian domestic banks take to adjust to the new market conditions and how are international banks operating in Russia overhauling their strategies? What is the prognosis for both domestic and international players over the next half decade?
Moderator:
Mathias Bruggmann, Head of the Foreign Affairs Desk, Handelsblatt
Panellists:
Yury Isaev, General Director, Deposit Insurance Agency
Marc Luet, Country Officer, Russia, Division Head, Russia, Ukraine and Kazakhstan, Citi
Alexei Moiseev, Deputy Finance Minister of the Russian Federation
Vasileios T. Rapanos, Chairman, Alpha Bank
Vsevolod Rozanov, Senior Vice President, Chief Financial Officer, Sistema
Pavel Teplukhin, Chief Country Officer, Deutsche Bank Russia
Ekaterina Trofimova, Chief Executive Officer, Analytical Credit Rating Agency (ACRA)
Nikolay Tsekhomskiy, First Deputy Chairman of the Management Board, Bank for Development and Foreign Economic Affairs (Vnesheconombank)

Highlights

The Russian banking system has been, and still is open for foreign banks.

Alexey Moiseev
Deputy Minister of Finance of the Russian Federation

We need serious changes in the banking system, not evolutionary, but revolutionary changes so that we could move away from the system’s inertia.

Ekaterina Trofimova
Chief Executive Officer, Analytical Credit Rating Agency (ACRA)

Today, by way of illustrating the banks’ adaptation to new conditions, we may speak about banks as IT companies holding banking licenses.

Nikolay Tsekhomskiy
First Deputy Chairman of the Management Board, Bank for Development and Foreign Economic Affairs (Vnesheconombank)

In the next 3–4 years banks have to address significant challenges that exist across the board. Banks have to develop a differentiated strategy and to invest in regulation improvement and technology changes.

Marc Luet
Country Officer, Russia, Division Head, Russia, Ukraine and Kazakhstan, Citi

We are still feeling the consequences of the 1998 and 2008 crises. Virtually no serious steps have been taken recently to sanitize the banking system and to overcome the negative consequences of those crises.

Yury Isaev
General Director, Deposit Insurance Agency

One of the most complicated issues of the global banking system is that the interest rates have stabilized around zero or are even negative which essentially makes banking activity meaningless.

Alexey Moiseev
Deputy Minister of Finance of the Russian Federation

At this time

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10:15-11:30 Congress Centre, Conference Hall B1
The Human Dimension Panel Session

THE ECONOMICS OF SPORT: STATE, MEDIA, AND BUSINESS WORKING TOGETHER

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Sustaining Economic Expansion Panel Session

ADDRESSING CLIMATE CHANGE: POTENTIAL COSTS AND OPPORTUNITIES

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Sustaining Economic Expansion Panel Session

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The Human Dimension Panel Session

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10:15-11:30 Pavilion G, Conference Hall G2
Realizing the Economic Potential of Russia Russia 24 TV Debates

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In cooperation with Russian Export Center

10:15-11:30 Pavilion G, Conference Hall G4
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MUTUAL FUNDING IN RENTAL HOUSING: TO TRUST OR NOT TO TRUST?

10:15-11:30 Pavilion G, Conference Hall G6
Sustaining Economic Expansion CNBC TV Debates

GLOBAL FINANCIAL SYSTEM AND THE ROLE OF RESERVE CURRENCIES. SEARCH FOR STABILITY

10:15-11:30 Pavilion G, Amphitheatre Hall
Conversations with the Extraordinary

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10:15-11:45 Congress Centre, Conference Hall D2
Business Roundtable

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In partnership with ‘Conoscere Eurasia’ Association

10:30-11:45 Pavilion G, Conference Hall G5
Realizing the Economic Potential of Russia Panel Session

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