CFG - Overseas Special Interest Group Meeting

Overview

Banking and Foreign Exchange

Access to efficient and effective banking and foreign exchange services is critical for international NGOs. The regulatory environment affecting banking and financial services is increasingly challenging. INGOs must manage the changing risks associated with financial crime, while maintaining sufficient and adequate access to services. Banks are heightening their due diligence and compliance requirements and “derisking” their portfolios by closing what they perceive as “high risk” accounts, following significant banking penalties, especially in the US, through which a significant number of INGO transfers are routed. INGOs are routinely struggling with funds transfers to a range of countries.

At the same time, the devaluation of sterling has posed a significant challenge to UK INGOs which receive a high proportion of their income in GBP. Strategies to manage this are necessary, as is improved access to competitive FX rates, at a time when the compliance requirements associated with the use of relevant financial instruments are complex.

Altogether, banking and foreign exchange issues are an increasing priority for INGO finance managers. At this meeting you will hear how others how are handling these issues. There will be opportunities for sharing good practice, asking questions and participating in discussions on the practicalities of maintaining adequate banking and funds transfer services and managing foreign exchange.

Programmes/Presentations

13.30 - 13:45	Registration and refreshments
	Chair’s welcome and introduction Tom Boyes-Watson, Director, Mango
	Managing Foreign Exchange · Developing foreign exchange practices and approaches · Managing and mitigating foreign exchange risks Annemarie Moore, Group treasurer, Plan International
	Access to banking and financial services · The changing regulatory environment · Managing your INGO’s banking relationships · Understanding and managing changing bank requirements and due diligence · Managing the risks of alternative fund transfer approaches Steve Harvey, Head of Treasury Advisory Services, Save the Children International
15.30-15.45	Tea and coffee break
	Small group discussions and plenary feedback
	Closing remarks
	Open discussion Participants will have the opportunity to raise any issues of concern related to finance in INGOs with peers, Mango and CFG
17.15	Networking and refreshments

Venue Details

Location

Shelter, 4 Garrett Street, LONDON, EC1Y 0TY

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Bookings & Prices

Prices

CFG Member - FREE;
Non CFG Member Charity - FREE;

Terms and Conditions:

Written notice of cancellations up to 21 days before an event will incur a 25% administration fee. After this time period, a 100% cancellation charge will apply. Substitutions (i.e. name changes) for the course booked can be made free of charge.

CFG reserves the right to cancel any event two weeks prior to the event date. You will be entitled to a full refund or given the opportunity to transfer to an alternative date. However we regret that we cannot refund any travel or accommodation costs incurred by delegates. CFG accepts no liability if an event is cancelled or postponed for reasons beyond our reasonable control resulting from an act of God, governmental regulation, fire, war, terrorist activity or civil commotion.

It may be necessary for reasons beyond our control to change the date, time or the venue at any time prior to the event date. If this occurs you will be informed of changes and given the opportunity to cancel or transfer to an alternative date.

CFG reserves the right to amend the content of the programme or the speakers where necessary without consulting booked delegates.

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