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The June 2015 issue of The RMA Journal features an article written by veteran FSVC volunteer expert Harris Berger.  Mr. Berger discusses the triumphs and challenges he has faced in delivering credit and risk management trainings for FSVC counterparts in ten countries since 2006.  Lending officers in the developing world face unique underwriting challenges.  FSVC’s work in these countries helps to promote international best practices for both lending institutions and...
WILLIAM H. DONALDSON TO LEAD FINANCIAL SERVICES VOLUNTEER CORPS  William Donaldson Succeeds Late John Whitehead as FSVC Chairman    Developing Markets Non-profit Names Julian C. Schroeder Vice-Chair  Former U.S. Deputy Secretary of State William Burns Joins Board    NEW YORK, April 15, 2015 – The Board of Directors of the Financial Services Volunteer Corps (FSVC) today announced the election of William H. Donaldson as...
FSVC received a grant from Bloomberg L.P. to help strengthen capital markets in Sub-Saharan Africa.  The grant will enable FSVC to conduct a series of workshops to train regulators in select African countries in international best practices on key topics related to capital markets as well as raise the level of knowledge among market participants.    The grant award was announced on April 8, 2015, by Peter T. Grauer, Chairman of Bloomberg L.P. , as part of the President’s...
WILLIAM H. DONALDSON TO LEAD FINANCIAL SERVICES VOLUNTEER CORPS  William H. Donaldson Succeeds Late John Whitehead as FSVC Chairman    Developing Markets Non-profit Names Julian C. Schroeder Vice-Chair  Former U.S. Deputy Secretary of State William Burns Joins Board    NEW YORK, April 15, 2015 – The Board of Directors of the Financial Services Volunteer Corps (FSVC) today announced the election of William H. Donaldson as...
FSVC Tunisia - STATEMENT ON TERRORIST ATTACK IN TUNISIA Contact: Moez Dalloua +216 28 226 226 mdalloua@fsvc.org   TUNIS, TUNISIA, March 23, 2015 – Moez Dalloua, the Financial Services Volunteer Corps (FSVC)’s Regional Director based in Tunis, Tunisia, issued a statement regarding the recent terrorist attack at the Bardo Museum in Tunis:   “We condemn in the strongest possible terms the bloody terrorist attack that killed 23 people, wounded 47 people and left Tunisia...
FSVC was featured in the March issue of Global Finance.  In an interview with FSVC President and CEO Andy Spindler, the article highlights FSVC’s history of building capacity and sound financial systems in the developing world for the past 25 years as well as FSVC’s current work around the world.    Global Finance is a monthly magazine founded in 1987 whose mission is to help corporate leaders, bankers and investors chart the course of global...
February 8, 2015   April 2, 1922 - February 7, 2015 In Memoriam - John C. Whitehead           The entire FSVC global family mourns the loss of John Whitehead, our Chairman, who passed away at age 92.  FSVC was created by John Whitehead after he received a call from then President George H. W. Bush in 1990 asking him to create a unique organization to help integrate former Warsaw Pact nations into the...
Moez Dalloua (center with microphone) deliering keynote speech at TAYP meeting   on November 6, 2014. Moez Dalloua, FSVC’s Regional Director based in Tunis, delivered the keynote speech at a seminar hosted by the Tunisian American Young Professionals (TAYP) Tunisian chapter on November 6, 2014.  The event featured many high-profile guests, including the Guest of Honor Jalloul Ayed, Tunisia’s former Minister of Finance.  TAYP’...
In October 2014, FSVC recruited two volunteer experts to travel to Tirana, Albania, to provide expert advice to the Albanian Financial Stability Advisory Group (FSAG) on how to address the public in the event of a financial crisis.  The volunteer experts were Mr. Peter Bakstansky, former Senior Vice President of the Federal Reserve Bank of New York and the bank’s senior spokesman and head of the public information area, and Mr. Pen Pendleton, Founding Partner of Cattell, Locke,...
In May 2014, FSVC volunteer expert Lynda Swenson travelled to Beirut, Lebanon, to provide expertise on risk management for local microfinance organizations (MFIs).  She conducted a series of workshops over two days to introduce credit scoring techniques and present international best practices for identifying, measuring, controlling and monitoring risk. Ms. Swenson then spent an additional seven days meeting with each participating MFI individually to discuss current risk management and...
Over 25 representatives from FSVC’s headquarters and global field offices convened in Nairobi, Kenya this week to discuss local and international financial sector priorities and the expansion of FSVC’s global technical assistance programs.  FSVC also hosted a reception at the Norfolk Hotel for local financial sector counterparts and funding partners from the United States government.  The U.S. Ambassador to Kenya, the Honorable Robert Godec, attended the conference, and...
Alejandro "Alex" Sanchez, President and CEO of the Florida Bankers Association (FBA), wrote an article for the March 2014 edition of the FBA Magazine about his experience as an FSVC volunteer expert.  In it, Mr. Sanchez discusses the FSVC project in East Africa for which he and two other FBA executives volunteered for.  The project consisted of consultations in January 2013, during which the FBA volunteer experts provided guidance to the East African...
NASPO Honorary Members Conduct a Volunteer Proceurement Project in Egypt
In September 2012, FSVC entered into a partnership with the U.S. Department of State (DOS) to provide technical assistance under its Domestic Finance for Development (DF4D) Initiative.  FSVC implemented the first project for this program in Cairo, Egypt during June 2013.  By law, the Egyptian government is required to set aside 10% of government contracts for small and medium sized enterprises (SMEs).  The allocation of contracts to SMEs however, has yet to be...
FSVC, with funding from Carnegie Corporation of New York, continues to host symposia gathering experts from China, India, Russia and the United States to discuss issues critical to the development of these countries and international relations.  The FSVC/Carnegie program is unique in seeking to address issues jointly faced by the United States, Russia, China and India.  The recent symposium built on the far-reaching and rich discussions that took place at the last...
Val McDaniel, a Risk Management Consultant, was recently profiled in the Fraud Magazine where he discussed his work with FSVC to strengthen financial institutions in emerging markets.  In over a decade of working with FSVC, Val has completed 14 projects in Albania, Algeria, Croatia, Egypt, Jordan, Morocco, Poland, Russia and Vietnam. Click here to view the article.  
FSVC, with funding from the Carnegie Corporation, is in its 20th year of hosting symposiums gathering experts on China, India and Russia to discuss issues critical to the economic development of these countries and international relations.  The FSVC/Carnegie program is unique in seeking to address issues jointly faced by China, India, Russia and the United States. The most recent symposium was held in New Delhi, November 30-December 2, 2012.  Experts in international finance, energy...
FSVC was featured in the December 2012-January 2013 issue of the Journal of Enterprise Risk Management, a publication of the Risk Management Association (RMA).  In an interview with FSVC President and CEO Andy Spindler, the article highlights FSVC’s history of building capacity among financial institutions in transitioning economies as well as FSVC’s current work around the world.  The RMA is a professional association with approximately 16,000 members, including many of...
On October 31, 2012, FSVC and the Albanian Financial Supervisory Authority (FSA) co- hosted an international conference on “Independence of Financial Regulators.”  The event was attended by senior Albanian government officials, high-level staff from the FSA and the Bank of Albania, and regulators from numerous European Union and Balkan countries.  FSVC arranged for two keynote speakers for the conference, Ms. Holly Bakke, former Commissioner of the New Jersey Department...
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 delegation observes the internal operations of key financial institutions in New York City, such as the New York Stock Exchange, the Federal Reserve Bank of New York, JPMorgan...
Bill Cundiff, a senior consultant and trainer in insurance and risk management, was recently featured in his local Fredericksburg, VA newspaper for his service with FSVC.   In November 2010, Bill worked with the Albanian Financial Supervisory Authority (FSA) on a training program on risk based insurance supervision.  In June 2011, he delivered a training on life insurance principles and practices to the Ministry of Economy and Finance (MEF) in Phnom Penh Cambodia.  Bill will be...
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...
A reception was held to inaugurate FSVC’s latest Financial Sector Development Program in Albania on February 9, 2012.  FSVC has partnered with the Volunteers for Economic Growth Alliance to implement a four-year, $3.4 million program funded by the U.S. Agency for International Development (USAID).  FSVC has been providing technical assistance to strengthen the Albanian financial sector since 1999.  At the reception, FSVC’s President and CEO, J. Andrew Spindler,...
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. Spindler addressed key banking regulatory developments of relevance to Africa and the needs and...
The U.S. Department of State’s Middle East Partnership Initiative (MEPI) selected FSVC to run a two-year program to promote the development of an innovative and competitive class of small and medium enterprises (SMEs) in the Egyptian market. To promote such a base, FSVC will provide technical assistance to banks and non-bank financial institutions (NBFI) to develop policies that provide increased financing for growing businesses.  Specifically, FSVC will implement a two-part program...
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. To support reform implementation, FSVC’s projects will involve consultations and trainings for the CBK on...
The U.S. Agency for International Development (USAID) and the Volunteers for Economic Growth Alliance (VEGA) selected FSVC to run a four-year program effective September 2011 to continue initiatives that strengthen the Albanian financial sector.  FSVC will provide technical assistance to the Bank of Albania (BOA) and the Financial Services Authority (FSA) to strengthen their capacities to manage risk in the financial sector.  With the BOA's Banking Supervision...
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 FDIC secondment program began in...
Position:     Regional Director for Iraq and Other Middle East Programs  Location:     Beirut, Lebanon Salary:        Competitive and commensurate with experience   The Financial Services Volunteer Corps (FSVC – www.fsvc.org ) is a not-for-profit, private-public partnership whose mission is to help build sound banking and financial systems in transitioning and developing countries.  A key premise of...
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...
FSVC is proud to have participated in the Global Entrepreneurship Week (GEW), which took place from November 14–24, 2011.  The worldwide event, with 123 nations represented, celebrates entrepreneurs and initiatives to promote and support private enterprise.  On behalf of FSVC, Regional Director Mark Dempsey and Program Officer Danyelle Gerges organized a day-long event in South Lebanon to expose students to entrepreneurs in their area and provide guidance on starting a small...
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.  FSVC will deliver technical assistance to the EAC Secretariat Financial Sector Development Regionalization Project (FSDRP) team and member state financial institutions to build...
The U.S. Department of State Middle East Partnership Initiative (MEPI) and U.S. Embassy Tunis selected FSVC to run a two-year program beginning July 1.  To promote private-sector development in Tunisia, FSVC will deliver technical assistance focused on working with banks to increase lending to small businesses, developing the venture capital sector, and improving the legal and regulatory environment for financing entrepreneurs.  FSVC’s approach will emphasize dialog between the...
Participants representing the public and private sectors in the United States, Russia, China, and India gathered June 3-5 to address the repercussions of the global financial crisis and continuing lack of action on countering climate change.  They noted that Russia, China, and India had recovered from the crisis must faster than the United States and Europe but that, despite the crisis having originated in the United States, the free market model has not been discredited.  Other...