5th International Conference of the Association of Foreign Banks

Petra Oudshoorn participated in the panel discussion regarding the challenges and solutions of sustainable finance during the 5th international conference of the Association of Foreign Banks, organised in Vaduz on Friday 30 November 2018. The theme of the conference was “accepting responsibility and investing sustainably – allocating capital and driving the change actively” and the speakers line-up included speakers from the financial services industry, consultancy, academic world and the foreign bank association. The conclusion of the conference was that the time for action is now. In order to implement action the financial services industry needs a taxonomy, a framework to create a unified classification system. Furthermore, disclosure of progress and reporting would be of advantage, especially in combination with bench marking. The central banks can also play an important role in this process. With regard to the business model of the banks, it was remarked that focus should not only be on the corporate lending (credit exposure side), but also the asset management part of the business. The Word cloud provides a creative summary of all the different key messages which were exchanged during the conference.