The Euromoney Iran Conference

Over 275 policymakers and financial market players gathered on 19 May in London for the inaugural Euromoney Iran Conference, co-hosted by the Central Bank of the Islamic Republic of Iran.‎

More than 40 senior bankers, financiers and capital market professionals attended from Iran to network and engage with the international financial community and discuss how Iran can reconnect with its global counterparts.

Damian Hinds MP opened the conference and stated the UK government's commitment for reintegration.

Dr Valliolah Seif, the Governor of the Central Bank of Iran gave a candid speech on the CBI's policies and banking sector reform. He spoke about the CBI's engagement with FATF and the steps being taken to assist them in their evaluation of Iran's AML and CTF laws. It was the first time that a CBI Governor spoke at an event in London since 2000. His transcript can be found here.

The presentation of Dr Ahmed Azizi, Senior Adviser to the Governor, Central Bank of the Islamic Republic of Iran, can be found here.

The presentation of Vali Zarrabieh, Executive Chairman of the Board, Saman Bank can be found here.

The Iranian banking sector reform is clearly underway to tackle NPLs and the shadow banking system. The tough stance on inflation has paid off and now work has commenced on delivering sustainable and high levels of growth. Unification of exchange rates remains a priority.  As does the work on changing the international perspective on Iran's regulatory and supervision framework.

Throughout the day we heard from key figures in finance including Gordon Welsh from UK Export Finance with a message that UKEF is open for business and willing to lend support to transactions. Justine Walker from the British Bankers Association said they are working hard on a daily basis to resolve issues and to lobby their members and relevant bodies to re-engage with Iran. Michal Ron of SACE spoke on Iran's timely repayment of outstanding debt, which will lead to lowered OECD risk rating.

Euromoney would like to thank the Central Bank of the Islamic Republic of Iran, all the sponsors and speakers for making this inaugural conference the resounding success that it was. We are working on the key recommendations which we will post shortly. We hope to see you all for the next Euromoney Iran Conference which will take place in Tehran.

Thu 19 May 2016