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Key Opening Speakers in the Congress
The 45th IAFEI World Congress Organizing Committee, chaired by IAFEI Past Chairman, Gabriele Fontanesi, has invited the Mayor of the city of Milan, Giuliano Pisapia, to deliver the welcome address.
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The 45th IAFEI World Congress will be officially opened by Graziano Delrio, Italian Minister of Infrastructure and Transport on behalf of the Italian Government. |
Romano Prodi, a well-renowned economist and former European Commission President and Prime Minister of Italy, will present the dynamics of global economies in the Keynote Address.
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Key Speaker and Panelists in the Congress
Critical issues on Regulation and Growth will be addressed by a distinguished representative of the European Commission. Irmfried Schwimann, is the Director of Financial Services, DG Competition, European Commission (Austria) |
On the topic of Global Reach, one of the panelists who would talk about the emerging models in customer service and satisfaction is James Hogan, the CEO of Etihad-Alitalia Airways (Australia)
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Joining James Hogan on the panel for the topic of Global Reach is Michael Wale, President and CEO EAME Starwood Hotels & Resorts Inc. (UK)
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REGISTER NOW! Click here
To download the latest program for the 45th IAFEI World Congress, click here |
Special Arrangements for Congress Delegates
The Organizing Committee had made some special arrangements with SkyTeam and Etihad Airways for discounted rates on you airfare.
SkyTeam offers a 10-15% discount on publicized rates. Travel period is from 5 October - 24 October 2015. Event ID: 30665. URL:http://res.skyteam.com/Search/promoDefault.aspx?vendor=
sky&promocode=3066S
Etihad Airways offers a 15-20% for delegates from Japan and the Philippines for both Economy and Business class. Sales period is from 1 October - 31 October 2015.
For more information, please contact Mr. Gabriele Fontanesi at g.fontanesi@andaf.it |
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| FROM THE IAFEI WORKING COMMITTEE |
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The Fed is Itching to Normalize
From the International Treasury Committee
Contributor: Genevieve Signoret
With U.S. inflation below and diverging away from the 2% Fed target and no observable signs that inflation pressures are building, why is the Federal Open Market Committee (FOMC) of the Federal Reserve System (Fed) considering raising, this year, its target range for the federal funds rate by a quarter percentage point to 0.25–0.50% from today’s 0.00-0.25%? I think because the Fed is itching to normalize.
Let me start by defining what I mean by normalize. I do not mean adopt a tight monetary policy stance. I mean switch monetary policy regimes. The current regime combines the zero interest rate policy (ZIRP) with an outsized balance sheet. Normalizing means getting rates anywhere but zero—0.25% and above would be fine—and shrinking the balance sheet. read more} |
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ARTICLES |
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FASB chair: US ‘unlikely’ to adopt IFRS
PRIVATE EQUITY MANAGER | 21 August 2015
Despite efforts to converge accounting standards worldwide, the US is unlikely to ever adopt international financial reporting standards, FASB chairman Russell Golden predicted.
The US is not likely to adopt international accounting standards -- which the majority of the world’s countries follow -- as its own, the chairman of the Financial Accounting Standards Board (FASB), Russell Golden, said in a letter to FASB stakeholders.
For over 10 years the markets have been anticipating a decision from the US Securities and Exchange Commission (SEC) on the call to adopt international financial reporting standards (IFRS) for US issuers. read more} |
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Credit Rating for SMEs
By Santiago F. Dumlao, Jr.
We shall make a case for promoting the credit rating of SMEs as a way to facilitate the granting of loans to them without the need for hard collateral to guarantee the obligation.
Typically, banks and other institutional lenders require real estate and similar physical assets to collateralize loans, and most especially those to be granted to SMEs. But SMEs are owned by upstart business entrepreneurs who usually have no properties to offer as collateral, but they do have viable business plans and products, and all they really need is start-up capital. What a pity and a waste if a good business idea matched by a venturesome, capable entrepreneur, is too early and too quickly aborted for lack of a supportive lender. read more} |
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IAFEI Secretariat:
Lynn Angeles
Head of Secretariat
iafeiheadofsecretariat@gmail.com
+632 728 0315
Abby Buenaventura
Secretariat Assistant
abuenaventura.iafeisecretariat@gmail.com
+632 728 0315 |
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What's in this Issue |
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45th IAFEI WORLD CONGRESS:
- Key Opening Speakers in the Congress
- Key Speaker and Panelists in the Congress
- Special Arrangements for Congress Delegates
FROM THE IAFEI WORKING COMMITTEE:
- The Fed is Itching to Normalize
ARTICLES:
- FASB chair: US ‘unlikely’ to adopt IFRS
- Credit Rating for SMEs
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International Events of Interest |
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For more details about events in Europe & Africa, contact Armand Angeli at email address: armand.angeli@orange.fr or telephone no.:
+33 (0)6 0984 39 69.
For events in Asia, contact Hiroaki Endo at email address: akiendo3@gmail.com or telephone no.: +81-3-3504-185
For events in the Americas, contact Juan Alfredo-Ortega at email address: juan_ortega@mcgraw-hill.com or telephone no.: +52 (55) 5081.4471
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