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World Conference of Banking Institutes ready to kick off

The Bahamas Institute of Financial Services(BIFS)is hosting the 19th annual World Conference of Banking Institutes, making it the second country in the Caribbean to hold the international event.

The conference is scheduled from March 20-23 at Atlantis Resorts and will feature renowned speakers from large international financial service organizations. Chair of the event and Deputy Manager of Corporate Affairs at the Securities Commission of the Bahamas Peggy Knowles toldGuardian Businessthat the seminar will provide a great learning experience for Bahamians in the sector.

“We really thought it was important to bring a conference of that magnitude here because it’s dealing with banking institutes and we feel that this was key to increase learning to the sector,”Knowles said.”It’s important that we empower our people and hosting a conference of this scale is something not only the financial sector should buy into but the entire Bahamas.”

Knowles mentioned that a bid was submitted to host the conference and the Bahamas was ahead of all the other countries that sent proposals, with the selection committee”very impressed with the presentation.”

The conference will feature an array of local and international speakers, including Prime Minister Hubert Ingraham, Governor of the Central Bank Wendy Craigg and head of human resources for international banking, global insurance and group risk management for RBC Royal Bank Manny Sousa, among others.

The event is being sponsored by RBC Royal Bank, with President and Country Head Nathaniel Beneby Jr saying the financial institution is pleased to contribute to the event.

“This is a major conference within the global banking industry,”Beneby said.”By sponsoring this event, we are supporting both The Bahamas Institute of Financial Services and the international delegation of banking executives who will be visiting The Bahamas to attend the conference.”

Rates for a full day of the conference are priced at$425, with access to half of the daily events listed at$200. Knowles said she is expecting a great turnout and is hoping Bahamians fully capitalize on it.

“The response to the conference has been tremendous,”she said.”We have close to 200 international and local delegates registered with international delegates from 14 countries around the world. We don’t know when The Bahamas will be able to host a conference like this again, but regardless of what you do in life, everybody has to manage their finances.”

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