Business programme

Global Financial Risks: New Challenges for External Audits

15 Jun , 11:00–12:15
The World Economy at a Global Turning Point
Pavilion F, conference hall F1

Supreme Audit Institutions (SAIs) hold a distinct role in safeguarding financial stability and executing the strategic priorities of the state. In today's landscape, the global financial system confronts unprecedented risks. The looming spectre of recession in both developed and developing nations, mounting inflationary pressures, the rapid accumulation of sovereign debt, geopolitical perils, and the challenges posed by digitization collectively engender adverse ramifications for global and national economic stability. The ascent of fragmentation trends, characterized by the division of the world into blocs with divergent technological standards, payment systems, and reserve currencies, is assuming paramount importance. The intensification of economic and geopolitical circumstances has underscored the imperative for novel and comprehensive solutions. The challenges presented by the external environment have compelled the public sector to reassess its approach to addressing financial risks. What impact do these transformative financial risks exert upon national economies? How do supreme audit institutions adapt to the prevailing trends in international payments and trade? What possibilities do emerging technologies present for identifying and analyzing risks? How should the state and society collaborate within this new paradigm to effectively implement and evaluate government policies and development programmes?

Maria Sigova, Rector, Moscow School of Social and Economic Sciences (Shaninka); Rector, International Banking Institute named after Anatoliy Sobchak

Mohamad Barek, Chairman, Central Organization of Financial Control of the Syrian Arab Republic
Mohsen Borzou Zadeh Zavareh, Vice-President, Supreme Audit Court of the Islamic Republic of Iran
Alexander Vedyakhin, First Deputy Chairman of the Executive Board, Sberbank
Vasily Gerasimov, Chairman, State Control Committee of the Republic of Belarus
Valery Goreglyad, Chief Auditor, Central Bank of the Russian Federation (Bank of Russia)
Galina Izotova, Acting Chair, Accounts Chamber of the Russian Federation