30 October 2017

Secretary General of CEE Banking Association Lectures at MGIMO

October 28th, the Secretary General of the Banking Association for Central and Eastern Europe, Istvan Lengyel spoke to an audience of students and members of the faculty. The guest was invited by MGIMO’s Department of Banks, Monetary Circulation and Credit, with the support of the University’s School of Business and International Proficiency.

During his talk, Istvan Lengyel covered a myriad of topics including the functioning of banking systems in Central and Eastern Europe, the consequences of the financial and banking crisis and the post-crisis regulation of the banking sector. The speaker highlighted all aspects of the topic, noting the legal (EU Directives, Basel Accords), practical (new IFRS standards) and political aspects of international financial management.

Istvan Lengyel gave a detailed analysis of each stage of the crisis from its onset and assessed the efficiency of the different measures adopted to combat it. The guest underlined the need to simplify the current practice of banking regulation, to adopt a flexible approach to risks management and to develop the requirements of financial reporting to monitor activities. The lecture was followed by a lively discussion and many questions from the audience.

— See the MGIMO web-site for more photos and russian version