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Dear Clients, Partners and Friends,
Last month, UniCredit had the pleasure of hosting its International Banking Seminar (IBS) at its Milan headquarters. For the first time, the seminar was held jointly by Group Correspondent Banking and Global Securities Services, offering comprehensive insights into our full transaction banking product suite. With 80 participants, the three-day agenda of the 24th IBS edition included presentations, panels, and debates on Trade Finance, Cross Border Payments, and Securities Services. Additionally, it featured engaging discussions on outlooks and business trends in the European banking sector, shaped by current geopolitical challenges.
UniCredit senior managers presented the UniCredit Group’s strategy, which included a deep dive into ESG, as well as the Group’s Anti-Financial Crime & Compliance framework.
Innovation and digital transformation were particular focal points and were highlighted as strategic imperatives for driving growth, enhancing efficiency, and delivering value to customers in new and innovative ways.
The theme of collaboration and partnership between correspondent banks resonated throughout the entire seminar. It was emphasized that a collaborative approach is paramount for ensuring regulatory compliance, fostering technological innovation, and contributing to long-term sustainability and growth in the banking industry. These efforts will ultimately benefit the industry by providing better, more reliable, and inclusive financial services.
Global Securities Services also provided an insightful update on recent capital market developments in Central and Eastern Europe. With evolving regulations and heightened scrutiny, the GSS panel, composed of group and country experts, explored the challenges faced by sub-custodians in ensuring compliance with global standards while navigating regional nuances. The highly interactive discussion also delved into strategies employed by sub-custodians and local infrastructures to enhance resilience in the face of operational challenges and emerging risks.
A separate workshop was dedicated to digital initiatives both within GSS and CEE capital markets. Although the CEE region is lagging behind Western Europe in implementing digital solutions, lawmakers and authorities are making considerable efforts to put in place regulations to digitalize the banking sector and foster innovation and new capabilities.
We continue to keep a close eye on ongoing developments in our home region and look forward to providing further updates as the markets evolve.
We also want to take this opportunity to thank all our clients and participants who joined this International Banking Seminar. We are eagerly looking forward to the next edition, and for those who could not attend this year, we sincerely hope to meet you next year.
In this regard, please enjoy this quarter's edition of our Newsletter, where our country experts continue to emphasize and share in-depth knowledge of regional developments. This once again highlights why we can proudly assert that we have the best people on the ground, whether in individual markets, the region, or at conferences such as IBS or the upcoming Network Forum in Warsaw. My team and I eagerly anticipate reconnecting with many of you there.
Zuzana Milanova
Head of Network Management
Global Securities Services
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