ICC Banking Commission
The World’s Essential Rule-Making Body for the Banking Industry
With over 600+ members from 100 countries, the commission has rightly gained the reputation of being the most authoritative voice in the field of trade finance.
ABOUT THE COMMISSION
- Anticipate and accompany the digitalisation of trade finance through a dedicated working group by assessing all ICC rules for e-compatibility and creating a digital ecosystem to enable connectivity and collaboration between stakeholders.
- Provide regulatory advocacy on behalf of the industry by interacting with global, regional and national regulators in various fields.
- Further develop the trade register to evolve the default and risk-related data collection & analytics.
- Engage in advocacy and education aimed at encouraging global adoption of the terminologies for Supply Chain Finance
- Make recommendations to the Business 20/G20 process on key issues related to trade finance.
- Develop business input on financial crime risks and contribute to the global dialogue with the Wolfsberg Group and the Financial Action Task Force.
- Provide timely market intelligence reports on trade finance, including analysis to support ICC contributions on trade finance in key international forums.
- Issue official opinions on queries on ICC banking rules on a biannual basis.
- Provide business views on export finance issues through the ICC Export Finance Working Group, a representative global platform for Medium and Long Term Export Finance banks.
AREAS OF WORK
- Rule-making: ICC Banking Commission produces universally accepted rules and guidelines for international banking practices. ICC rules on documentary credits, UCP600, are the most successful privately drafted rules for trade ever developed, serving as the basis of USD 2 trillion trade transactions a year.
- Advocacy: ICC Banking Commission serves as the trusted industry partner for policy makers and regulators to support the development of a sound financial system by helping to translate their vision into concrete programmes and regulations to enhance business practices throughout the world.
- Financial Inclusion: ICC Banking Commission engages “unbankable” regions and segments and develops solutions to integrate them into the global financial system.
- Publications and Market Intelligence: Used by banking professionals and trade finance experts worldwide, ICC Banking Commission publications and market intelligence is the industry’s most reputable and reliable source of guidance to bankers and practitioners in a broad range of fields.
HOW DOES THE COMMISSION WORK?
Members of the Banking Commission are chosen by ICC national committees who select members from their countries to serve first on their local Banking Committee and then to represent the national committee at the plenary commission meetings.
These meetings are generally held twice a year.
The ICC Banking Commission produces universally accepted rules and guidelines for international banking practice. ICC rules and guidelines on documentary credits, entitled UCP 600, are the most successful privately drafted rules for trade ever developed, serving as the basis of US$2 trillion worth of trade transactions a year.
Ndue MALUTA – Banka Kombetare Tregtare
Spiro BRUMBULLI – Albanian Association of Banks
Brunilda KOSTARE – Albanian Association of Banks
Ornela ALIMADHI – American Bank of Investments
Odeta PALOKA – American Bank of Investments
Brikena KAROQE – Banka Kombetare Tregtare
Klaida ÇEKREZI – Banka Kombetare Tregtare
Alketa URUÇI – Boga & Associates
Besa HOXHA – Credins Bank
Suela ÇELA – Credins Bank
Sabina LALAJ – Deloitte Legal
Envi HICKA – Haxhia & Hajdari
Ervin MEÇO – Intesa SanPaolo Bank
Edlira MALAJ – Intesa SanPaolo Bank
Alda KRIQI – Raiffeisen Bank
Migena ARKAXHIU – Raiffeisen Bank
Ogert SHKREPA – Sigal Uniqa Group Austria
Dardana ALUSHI – Societe Generale Albania
ICC TRADE REGISTERS
- ICC Trade Register Report 2017
- ICC Trade Register Report 2016
- ICC Trade Register Report 2015
- ICC Trade Register Report 2014
- ICC Trade Register Report 2013
ICC GLOBAL SURVEYS
- ICC Global Survey 2018: Securing future growth
- 2017 Rethinking Trade & Finance (June 2017)
- ICC Global Survey on Trade Finance 2016
- ICC Global Survey on Trade Finance 2015
- ICC Global Survey on Trade Finance 2014
- ICC Global Survey on Trade Finance 2013
- ICC Global Report on Trade Finance 2012
REPORTS & PAPERS
- The Wolfsberg Group, ICC and BAFT Trade Finance Principles (Updated March 2019)
- ICC comments on OECD public consultation document: Addressing the tax challenges of the digitalisation of the economy (March 2019)
- ICC report on tax challenges relating to the Belt and Road Initiative (March 2019)
- The legal status of electronic bills of lading (October 2018)
- Wolfsberg Trade Finance Principles (January 2017)
- Notes on the Principle of Strict Compliance (May 2016)
- Standard Definitions for Techniques of Supply Chain Finance (March 2016)
- Unilateral Jurisdiction Clauses in International Financial Contracts (August 2015)
- ICC Guidelines for the Creation of BPO Customer Agreements (August 2015)
- Guidance Paper on the use of Sanctions Clauses (August 2014)
- ICC IMF Market Snapshot January 2012 (January 2012)