Spain) The Latin American Federation of Banks (FELABAN) and the Spanish Banking Association (AEB) analyzed in Madrid the challenges and opportunities of the banking sector in today’s global context in order to strengthen ties in strategic areas that allow them to strengthen their dynamic role of economic and social progress.
On the occasion of the meeting of the Board of Directors of FELABAN, which took place on June 18 and 20, the associations held meetings with national and European authorities and supervisory bodies, and also created working groups with the participation of officials from the public and private sectors, banks, economic and financial institutions. .and state security.
Bank of Spain Acting Governor Margarita Delgado and AEB President Alejandro Kindelán received the 17-member FELABAN delegation led by its President Daniel Becker and Secretary General Giorgio Tretenero Castro. banking associations.
Alejandra Kindelán emphasized the commitment of Spanish banks to economic growth, social integration and financial stability of the regions in which they are present. “The business model of Spanish banks in Latin America, close and innovative, promotes the progress of companies and people,” he assured.
For the president of FELABAN, Daniel Becker: “On this occasion, we want to strengthen the historical and cultural ties between the banks of Spain and Latin America, in order to face the challenges associated with the arrival of new participants in the financial world, where we have neo-banks. , FinTech,
Artificial Intelligence and ML among others. This is in the face of financial price volatility, geopolitical conflicts, climate change and technological challenges. Today, banks are still the most commonly used option for users to invest their savings.” In the same sense, the Secretary General of FELABAN, Giorgio Tretenero
Castro, stated that “banks in the region of Latin America and Spain have grown through mutual learning, providing viable intertemporal financial results, knowledge of clients and the environment, and the best of available practices. Given the emergence of new financial players, there is an urgent need to eliminate regulatory arbitrage and establish regulatory neutrality.”
The evolution of payment trends and digital transformation, the impact of artificial intelligence, the latest developments in fraud prevention and cyber security, sustainable finance, financial regulation, oversight, strategic regional autonomy, the importance of communication and the contribution of diversity to productivity are just a few. topics discussed at the meetings.