FELABAN: 10 premises of regional banking

After the XLII Assembly held in Panama, the Latin American Federation of Banks expressed its position on the financial crisis.

Thursday, November 20, 2008

LATIN AMERICAN FEDERATION OF BANKS
DECLARATION OF PANAMA, November 2008

• The current international financial crisis and the resulting global economic recession did not start in Latin America.
• The Latin American banking sector is solid, liquid and credit-worthy.
• Latin American financial systems are complying with the strictest of banking standards and prudence.
• The banking sector is responsible for the protection of the assets of all those who have put their trust in it, and consequently, reaffirms that the principles of rule of law and the market economy should be upheld.
• History has shown that the problems of an economy in crisis are solved with the free flow of trade and capital and not by protectionism.
• We highlight the fact that any government action will be executed more efficiently and quickly in coordination and with the agreement of private agents.
• We call on regulators and managers of the economic and monetary policy in Latin America to assume their role of innovator with prudence in order to maintain financial stability.
• The new international financial order should receive both the support of our governments and the multilateral organizations.
• We call on the international banking system to act with full responsibility to meet the financial needs of the region.
• FELEBAN will continue to head initiatives that lead to the strengthening of the regional financial system with due transparency.

More on this topic

Panama Hosts Tenth Finance Technology Conference: CL@B 2010

August 2010

Organized by Latin American banking federation Felaban, the event will be held from 6 to 8 September in Panama City.

CL@B is an annual meeting of IT managers and high level executives responsible for risk management and the operation of the many different business concerns of financial institutions.

Latin American bankers analyze the effects of the crisis

November 2008

Panama City has become the financial capital of Latin America and is hosting the XLII Annual Assembly of the Latin American Federation of Banks (Felaban).

Most of the representatives at the assembly are from commercial banks in the 44 countries participating in the international event. The event brings 1200 executives from 500 commercial , and state banks, and regulatory entities.

Panama to host the Assembly of the Federation of Latin American Banks

October 2008

Panama will host the XLII Annual Assembly of the ederation of Latin American Banks fro the 16 to the 18 of November.

The event will bring together high level representatives of the member banks of the federation and the president of the Inter-American Development Bank, Luis Alberto Moreno, will also be present.

Stocks Soar by 11% After Aid to Banks

October 2008

The Dow Jones industrial average opened 400 points higher and never looked back, led by big gains in financial stocks.

Last week’s stock sell-off gave way to a big rally, with the Dow Jones industrial average having its largest-ever point gain. The surge came as countries around the world took steps to ease the financial crisis, ushering in a drastic reshaping of the banking industry even as doubts lingered about its long-term effects.

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Management software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Apr 26)

Commodities

(Apr 26)