Conference Report

The seventh international scientific and practical conference "International competition in banking: theory and practice" was held on 24-25 May 2012 at the state higher educational institution" the Ukrainian Academy of Banking of the National Bank of Ukraine". The conference was the initiative of Anatoliy Yepifanov, Professor, Rector of the Ukrainian Academy of Banking of the National Bank of Ukraine, Chief editor of the journal "Banks and Bank Systems"; Serhiy Kozmenko, Professor, Vice-rector of the Ukrainian Academy of Banking of the National Bank of Ukraine, Chief editor of the journal "Investment Management and Financial Innovations"; Alexander Kostyuk, Professor of the Ukrainian Academy of Banking of the National Bank of Ukraine and Hanken School of Economics (Finland), Chief editor of the journal "Corporate Ownership and Control" and the "Journal of Governance and Regulation". Co-organizers of the conference were the Ukrainian Academy of Banking of the National Bank of Ukraine, the publishing company "Business Perspectives", the publishing company "Virtus InterPress".

The plenary session, four thematic parallel sessions in the English language and one parallel session in the Ukrainian language were conducted during the first day of the conference. Nearly 40 reports were presented. Participating in the conference were representatives of more than 30 institutions from Ukraine, Russia, Japan, USA, United Kingdom, Germany, Austria, France, Italy, Spain, Hungary, Switzerland, Greece, Poland, Portugal, South Africa, etc.

The first session "Corporate governance in banks and financial institutions" was chaired by the scientific committee consisting of Professor Alexander Kostyuk and Professor Marco Ventoruzzo.

This session listened to and discussed the reports of Rossana Bubbico and Barbara Monda, Politecnico di Milano, Italy; Kimie Harada, Graduate School of International Accounting; Chuo University, Japan; Giulia Romano, Paola Ferretti, Alessandra Rigolini, University of Pisa, Italy as well as the presentations of the representatives of the Academys School of Corporate Governance postgraduate students Dmytro Hovorun, Yaroslav Mozgovyi, Maryna Brychko and Yulia Lapina prepared in collaboration with Professor Serhiy Kozmenko, Professor Alexander Kostyuk and Professor Serhiy Leonov.

The reports were devoted to the study of the influence of corporate governance on the market value of financial institutions in Italy, economic causes and consequences of mergers of big Japanese corporations, the remuneration of bank managers and corporate social responsibility of banks during the crisis and post-crisis periods, the relationship between the board of directors activity and financial performance of banking groups in Italy, the assessment of the effectiveness of corporate governance and the principles of investment banking in the post crisis period.

The second session "Banking regulation and supervision in the context of the world financial crisis began its work in the big conference room of the scientific library of the Ukrainian Academy of Banking of the National Bank of Ukraine chaired by the Head of the Department of Management, Professor Iryna Dyakonova.

The reports, which aroused the keen interest and discussions, were delivered by Gordon J. Alexander, University of Minnesota, Minneapolis, USA; Levente Kovacs, Secretary General, Hungarian Banking Association, Hungary; Pierluigi Bologna, Bank of Italy, Italy; Gianfranco A. Vento, Regent's College, London, UK; Luisa Anderloni, Universita degli Studi di Milano, Italy, Iryna Dyakonova (Professor, Head of the Department of Management of the Ukrainian Academy of Banking) and Tetyana Shcherbyna (Senior Lecturer of the Ukrainian Academy of Banking).

The participants presentations were focused on the study of the Basel agreement as a basis for the regulation of systemic risks within the banking system; the main factors that determine the necessity of introducing a system of daily settlements in Hungary and associated problems; the role of deposits structure in the bankruptcy of commercial banks during the crisis, the relationship between the risk level and formation of capital for the banking system, study of the national welfare funds as an important new kind of institutional investors that came into existence during the financial crisis; the comparison of banking regulation systems in the developed and developing countries and the study the peculiarities of their financial systems.

The third parallel session of the conference was devoted to the functioning of financial markets in crisis. The scientific committee of the session was headed by Professor Ronald H. Mynhardt, University of South Africa, and Professor Mo Vaziri, California State University San Bernardino, USA.

Presented during the session were the reports by Mario Strassberger, Zittau/Goerlitz University of Applied Sciences, Germany; Aleksey Kuznetsov, Institute of World Economy and International Relations of the NAS of Ukraine; Mo Vaziri, California State University San Bernardino, USA; Kozo Harimaya, Ritsumeikan University, Japan; Ronald H. Mynhardt, University of South Africa; Alexander Karminsky (Higher School of Economics, Russia) and Hassan Obeid, European School Business, Department of Finance, Paris, France.

The meeting of the fourth session Monetary policy and central banking: outlining an anti-crisis architecture was held at the literary parlour of the Ukrainian Academy of Banking. The scientific committee of the session consisted of the leading scientists who closely study the outlined problems: Chairman Ricardo Gimeno (Bank of Spain), Stephan Hornig (University of Applied Sciences Kufstein Tirol, Austria), Kenta Toyofuku, Nihon University, Japan.

The fifth session of the conference held in the Ukrainian language was dedicated to the competitiveness of the banking system in the context of the global financial crisis. It was chaired by Professor Oleg Yaremenko, Deputy Head of the Expert-analytical Center of the Monetary Policy Council of the National Bank of Ukraine and Professor Tetyana Vasyleva, Head of the Chair of Banking, Ukrainian Academy of Banking of the National Bank of Ukraine.

The conference organizers received a lot of positive comments regarding the procedure of the conference, the level of organization, fundamental character of presentations and importance of the conference results. Here are some of the comments.

Wonderful conference! Excellent organization, very interesting papers and presentations and stimulating debate. Everyone was super nice!

Marco Ventoruzzo

It was a great honour to have the opportunity to assist at the magnificent conference organized by the Ukrainian Academy of Banking. I will always remember the warm welcome in Sumy. 

Ricardo Gimeno

It was a great pleasure for me to conduct presentation. I hope to attend next conference again. 

Kozo Harimaya

I enjoyed the conference and all wonderful individuals that I met. I hope to see all of you in USA or get another chance to come to Sumy and visit the friends I met. Thanks for the opportunity.

Mo Vaziri

Follow the way with us! You are welcome to Sumy in May 2013. Sincerely yours, conference organizers.

 
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