Banking Conference in Riga Discusses Market Development

Last week, Baltikums Bank organised an interbank conference called Financial Instruments – Financial Institutions – Correspondent Relations, gathering representatives of leading banks and financial institutions in Russia, Belarus, Moldova, Cyprus and Great Britain. 

Last week, Baltikums Bank organised an interbank conference called Financial Instruments – Financial Institutions – Correspondent Relations, gathering representatives of leading banks and financial institutions in Russia, Belarus, Moldova, Cyprus and Great Britain. 

The two-day programme had guests and conference organisers discussing key developments on financial markets within the region, identifying key factors that affect markets, and talking about the platforms and business models where cooperation among banks could be most effective in the long term.

Chairman of the Board at Baltikums Bank Dmitrijs Latiševs was on the panel, remarking upon two major aspects that affect the financial sector directly: “On the one hand, we have the economic background: events and trends on financial markets that manifest themselves worldwide, including regulations and international partnerships. On the other hand, the presence of the digital world grows larger every day: IT development affects our priorities and will eventually lead to an overhaul of the foundation of our business. 

"With these two factors in mind, we should understand today that success in the future will hinge largely on banks’ ability to transform, skill at predicting the next step and taking it,” Latiševs said. 

After the conference, guests gladly remarked the importance of a business dialogue as well as personal rapport, enabling market participants to generate and develop ever more effective models for interbank cooperation. 

Ingrīda Šmite

Public Relations Manager