The Future of Credit Risk Management, on debate at ICAP CRIF’s yearly conference

The most important event designed by ICAP CRIF, exclusively dedicated to the complex issue of credit risk management, will take place on Thursday, May 23, 2024, in Bucharest, with the central theme being the direct impact of ESG directives on credit risk. ESG Impact on Credit Risk: Navigating the Challenges is an extremely important subject considering the new ESG regulations, and the conference dedicated to it reaches its 15th edition this year, demonstrating the value added to the business community in Romania.

“We are delighted that for 15 years we have brought together renowned industry experts to discuss critical aspects of credit risk management. The feedback received year after year confirms that this conference organized by ICAP CRIF represents an essential platform for the exchange of ideas and best practices, contributing to the consolidation of knowledge and skills necessary for successful navigation through these complex times. Therefore, this year we are focusing on the ESG impact on credit risk, offering participants valuable solutions and tools to face new challenges and opportunities”, says Nikitas Konstantellos, President and CEO, ICAP CRIF group of companies.

This Conference offers a unique opportunity to learn directly from experts about the trends and innovations that will shape the future of credit risk management. In addition to case studies and industry ratings (sectoral ratings), participants will learn from the experts and specialists present at the event about the macroeconomic climate, the role of credit insurance in the ESG transition era, the future of credit risk in the AI and Advanced Analytics era, and the impact of climate change on credit risk. The relevance of knowing your counterparty in credit risk management (KYC) and the influence of ESG regulations on supply chain management and financing opportunities will also be highlighted.

“The ICAP CRIF Credit Risk Management Conference has become a benchmark event for the business community in Romania, providing a platform for in-depth discussions and experience-exchanges among top professionals. This conference not only facilitates access to cutting-edge information but also promotes innovation and best practices, thus contributing to the development and consolidation of Romania’s business market. We are honored to have with us an impressive lineup of internationally recognized experts who will share their knowledge and perspectives on the current challenges and opportunities in the field of credit risk management and ESG impact”, states Theodoros Polydoros, Executive Director, ICAP CRIF Romania and Bulgaria.

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Among the speakers at the event: Mr. Andrei Rădulescu, the only economist from Romania and Central and Eastern Europe who is a Member of the Bretton Woods Committee; Mr. Gerasimos Tzeis, Managing Director Atradius Greece & Romania; Mr. Valentin Lazea, Chief Economist of the National Bank of Romania and author of the best-seller A Moral History of Monetary and Fiscal Policies; Mr. Daniele Vergari, Director Risk Analytics Global, CRIF; Mr. George Oikonomou, Head of Analytics at ICAP CRIF Credit Rating Agency; Ms. Maria Luisa Cardini, KYC & Compliance Solutions Senior Manager, CRIF; Ms. Oana Oprea, Group Data Protection, Risk & Compliance Officer, NEPI Rockcastle; Mr. Simone Rampichini, Director ESG, CRIF; Mr. Christian Bogaru, Managing Partner, BCHLAW Law Firm; Mr. Călin Rangu, Director of Resolution, Romanian Insurance Guarantee Fund; Ms. Andreea Ghiocel, Reporting Division Director, The CSR Agency; Ms. Simona Petrescu, ESG Director, UniCredit Bank Romania and Mr. Robert Uzună, Vice President, Corporate Affairs Department, Ursus Breweries.

Credit risk management is the process by which both companies and financial institutions, banking and non-banking, identify, evaluate, and manage the risks associated with granting credit and other forms of financing, from amounts owed following commercial transactions to consumer installment purchases. The importance of credit risk management is crucial as it helps maintain the financial stability of institutions and companies, protects investors’ capital, and contributes to general confidence in the financial system. Efficient credit risk management can prevent insolvencies and ensure the long-term sustainability of businesses, while also facilitating a healthy economic climate.

The event is supported by: Hertz, BCHLAW Bogaru Christian Law Firm, Atradius, Alpin Resort Hotel & Alpin K2, Sanovita, and After Eight. The energy is provided by Davidoff, the coffee partner of the event, and the sustainable printing by Copy Print, a ready-to-print partner. Media partners are Business Review and Wall-Street.