FSVC took part in the July 2012 graduation ceremony for the Egyptian Banking Institute’s (EBI) Future Business Leaders Program, which was featured in the Egyptian media.  As part of the program, up to 30 rising leaders in the Egyptian financial community take part in a FSVC-organized study tour.

The US Embassy in Moscow hosted a discussion on the current status of anti-money laundering compliance in Russia on March 29, 2012. The panel consisted of Richard Smith, Director of Compliance for Citibank Russia, the CIS, Israel and Cyprus; Dmitry Rulev, Head of Compliance for Barclays Capital Russia; Victor Dostov, President of the e-Money Association, and FSVC's Russia Country Director Tim O'Brien.  Panelists provided short presentations which was followed by a 30 minute question and answer session.  The event was for the sections in the

FSVC’s President and CEO, J. Andrew Spindler was a presenter at the Bank for International Settlements’ Annual Meeting attended by the heads of bank supervision in Africa, held in Cape Town, South Africa on January 26, 2012.   FSVC Board Member Josef Tošovský chaired the event, which was organized by the BIS’ Financial Stability Institute.  Mr.

The U.S. Department of State selected FSVC to run a one-year technical assistance program to support Kenya’s implementation of local anti-money laundering (AML) and combating the financing of terrorism (CFT) initiatives.  Whether actual or alleged, money laundering and terrorist financing pose serious concerns to the Central Bank of Kenya (CBK) and the Kenyan Government.

FSVC is pleased to welcome David Koder as its newest secondee from the Federal Deposit Insurance Corporation (FDIC).  Mr. Koder is a Case Manager in the FDIC’s Chicago Office.  He has over a decade’s experience as both an examiner and case manager.  During his six month secondment, Mr. Koder will be working with FSVC’s counterparts on projects related to bank supervision, problem loan workout, and risk management.
 

The article was authored by David Snyder (Vice President, Risk Management Manager at Wells Fargo) and by Tim O’Brien (FSVC Russia Country Director) and was published in October in the Central Bank of Russia’s publication, “Dengi i Kredit.” In it, the authors discuss credit scoring as a useful tool to increase credit extension to small and medium-sized enterprises (SMEs).  In particular, the authors flag some potential problems with using it, especially in a situation where there may not be sufficiently well-trained staff.

The U.S. Agency for International Development (USAID) selected FSVC to run a three-year program beginning in July 2011 to promote regional financial sector deepening and integration among the East African Community (EAC) member states.  The EAC is comprised of Kenya, Tanzania, Uganda, Rwanda, and Burundi.