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Banca March - Crecemos con valores, crecemos juntosNews

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At Banca March, we want to keep you always informed, and this section gives you the opportunity to find out whatever you want to know about.

06/05/2019

Banca March hosts experts from all over Europe at the 1st Conference on Best Practices and Good Governance in the Banking Sector

  • Academics and experts in the financial world presented studies on the challenges that lie ahead for the banking sector, including: banking supervision, executive remuneration and good governance, banking culture and leadership, risk management and conduct, regulation and supervision, fintechs and technology trends in the banking sector, consolidation and competition, and banking and the real economy.
  • Banca March Deputy Chair Rita Rodríguez Arrojo welcomed the researchers, whose work will be published in the academic journal Global Policy, which is partnering with the bank on the organisation of the Conference.
  • Banca March, whose business philosophy is rooted in shared growth with customers, employees, shareholders and society as a whole, is strengthening its ties with the academic community and underlining its commitment to seeking constructive contributions that promote best practices and good governance among banks.

High-profile figures in academia met at the head offices of Banca March in Madrid to analyse the challenges that lie ahead for the banking sector. Banca March is organising the first edition of this conference - which is entitled Best Practices and Corporate Governance in the Banking Sector and boasts the specialist journal Global Policy as a partner - to generate debate among experts of global renown on the key challenges faced by financial institutions.

The recent financial crisis underlined the limitations and shortcomings in corporate governance at banks on both sides of the Atlantic, which, to a certain extent, allowed financial institutions to take on excessive levels of risk. Ten years on, new banking sector regulations are far more demanding in terms of risk control, capital requirements and executive remuneration. At the Conference, the experts discussed the new landscape that has emerged in response to the excesses of the past, which forced the sector to undertake huge efforts to simplify, recapitalise and restructure their operations.

The event was attended by Philip Moyneux, Dean of the College of Business Administration at the University of Sharjah and Emeritus Professor at Bangor University in Wales, who is a globally recognised expert in the structure and efficiency of the banking markets. Specialists and professors from a range of European universities presented studies undertaken in fields such as: banking supervision, executive remuneration and good governance, banking culture and leadership, risk management and conduct, regulation and supervision, fintechs and technology trends in the banking sector, consolidation and competition, and banking and the real economy.

SHARED GROWTH WITH SOCIETY

In line with its key business philosophy of generating shared growth with customers, employees, shareholders and society as a whole, Banca March is seeking to promote greater reflection among the financial industry on best practices and good governance in the banking sector.

In May, Banca March, in partnership with the journal Global Policy, made an announcement inviting the submission of academic research on the areas outlined above. Professors Myriam García-Olalla from the University of Cantabria and Camilo José Vázquez Ordás from the University of Oviedo coordinated the shortlist of research projects to be presented at the Conference, which will also be featured in a special supplement of Global Policy, due for publication in December.

At the inauguration of the Conference, Banca March Deputy Chair Rita Rodríguez Arrojo said: "At Banca March, we strive to compete in our sector with a unique business model based on best practices in Corporate Governance and on Shared Growth for all stakeholders; a model which adds value not only for our shareholders but also for our team of professionals, our customers and society as a whole. We believe that the academic community's contributions to the financial sector are of the utmost value. That is why Banca March wants to ensure that your contributions are heard, providing a beacon of light for a more sustainable, integrative economic system.

BANCA MARCH: A SUSTAINABLE MODEL

Banca March Deputy Chair Rita Rodríguez Arrojo emphasised Banca March's unparalleled status as an unlisted, wholly family-owned bank in Spain. She also highlighted the bank's unique view of the banking business, underpinned by four key pillars: shareholder commitment, exclusive products, outstanding quality service and excellent professionals. Rita Rodríguez Arrojo went on to add: "In 2016, we began a transformation process to prepare the bank for the challenges posed by technology, regulations and new competitors, all the while holding fast to our unique, 100-year-old business philosophy and safeguarding our specialist, low-risk business model; a model which is supported by liquidity and capital ratios that are among the strongest in the European banking sector. We do things our way: with no shortcuts, no unnecessary risks, and prioritising our business model and its sustainability over short-term profitability."

 

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