A spokesman for the association told RIA Novosti that different events would take place during the forum, including the World of Financial Services - Technologies of a New Era exhibition, the sixth Development of Corporate Management in Credit Organizations: International Experience and Russia conference and Business Club sessions.
The spokesman also said that the conference has a timely theme, as the instability in Russia's banking sector in May-July 2004 could in many respects be explained by shortcomings of the corporate management in credit organizations.
"The Central Bank's support of credit organizations stopped the instability caused by several banks' problems with inter-bank loans," he said. "However, in many respects the problems were caused by the shortcomings of the corporate management in credit organizations, by the banks' low liquidity, their non-transparence, excess of some standards of the Central Bank, a risky credit policy, insufficient inner-bank control and violations of the ethics of the banking business."
The conference organizers expect that about 550 people will attend the forum including representatives of foreign banking organizations, the Bank of Russia, the deposits' insurance agency, the State Duma, the Federation Council, and by the heads of banking associations and credit organizations from Russia, Kazakhstan, Moldova, Uzbekistan, Kyrgyzstan, Belarus, Latvia, Lithuania, Armenia, Britain, the United States and Hungary.
