Inaugural U.S. Regional Banks FX Forum Convenes in Orlando

London - 11 May 2011

Over 40 representatives from 28 U.S. regional banks convened in Orlando, Florida last month for a two day Regional Banks FX Forum run by Wall Street Systems. The event was open to foreign exchange (FX) executives from U.S. regional banks with under $165 billion in assets.

The agenda, formulated by representatives from participating banks, comprised a number of key topics important to the foreign exchange (FX) portion of the regional banking business and included sessions on the impact of Dodd‐Frank and recent legislation, converting overseas USD payments into foreign currency, foreign currency accounts, new currencies and nostros, as well as a session focusing on the Chinese Renminbi.

Alan DePonceau, VP and Foreign Exchange Manager, Commerce Bank Kansas City said: "With the challenges our industry has faced after the financial crisis we needed a place to brainstorm and discuss hot topics with our peers. This event provided that venue and fostered a number of valuable discussions that presented a unique opportunity to learn about solutions being used to combat the issues that arise in the regional banking FX space."

Jay Unruh, Manager of Foreign Exchange, UMB Bank, commented on the effectiveness of the event: “It was the best, most informative conference I've been to in 30 years.”

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