November 10-12, 2015 International scientific and practical conference "Risks and Threats Faced by BRICS Economies"

Published At Nov 12, 2015

The international scientific and practical conference "Risks and Threats Faced by BRICS Economies" was held from 10 to 12 November 2015.

The conference was organized jointly by the network AML/CFT Institute, Association of BRICS Business Schools and MEPhI, with support of the Federal Financial Monitoring Service, Ministry of Education and Science and Federal Agency for Scientific Organizations.

Welcoming remarks were delivered by Sergey Ivanov, Head of the Presidential Executive Office.

Addressing the distinguished participants of the conference, Rosfinmonitoring Director Yury Chikhanchin spoke about Rosfinmonitoring's role in the world, the tasks set by the international community, personnel training and scientific research, noting how pleased we were to welcome such representative delegations. He expressed confidence that the conference would tackle all the tasks set before it and wished the participants effective work!

More than 60 BRICS universities and entities took part in the international conference.

Among the topics raised by the speakers were:

  • Professor Joseph Philip, President of Xavier Institute of Management and Entrepreneurship, Bangalore, India, focused on the important role of business education in the development of any country's economy.
  • The next speaker, Professor Yuan Denhua of the Business School of the Guangdong University of Foreign Languages ​​and Foreign Trade (China), touched on the same topic, telling participants about his university's participation in the Association of BRICS Business Schools (ABBS) and the opportunities offered by this organization to its participants.
  • The report by Vijila Edwin Kennedy, Dean of the Kumaraguru College of Technology Business School, was also devoted to the topic of higher education. The speaker spoke about the prospective trends in the BRICS countries' cooperation in this area, presented the association's future plans and gave useful recommendations to the participants.
  • In his report to the conference, Valery Makarov, an academician of the Russian Academy of Sciences and Director of the RAS Central Economics and Mathematics Institute, spoke about large-scale projects, namely the agent-oriented model of project management, which is used as a tool for assessing the consequences of illegal financial transactions.  In his speech, Mr Makarov cited a large number of real-life examples, which helped to make his report highly illustrative and informative.
  • The agents theme was continued by Vyacheslav Bezdenezhnykh, Head of the Department for Risk Analysis and Economic Security at the Finance University under the Government of the Russian Federation, who spoke about the financial and economic security of economic agents, namely the evolutionary-simulation model of indicators.
  • Nelli Bevelikova, Head of the East Asian Legal Studies Department at the Institute of Legislation and Comparative Law under the Government of the Russian Federation and member of the National Committee for BRICS Studies, presented an analysis of the current situation both at the BRICS in general and its participating countries, with a special emphasis on the economic aspects of their activities.
  • Sergey Rogachev, D. Sc. Economics, Professor, Head of risk research methodology at the Institute of Socio-Political Research of the Russian Academy of Sciences, presented a report on methodology and techniques for studying Russian realities based on the socio-political risks’ criteria. The speaker suggested that the BRICS research teams should join efforts in addressing the core and most urgent tasks facing its members: "It would make sense to create network-based theoretical and applied projects focused on investigating a range of different risks".
  • Clarence Samuel Joseph, Director of Karunya University Business School, Coimbatore, India, shared his country's experience in combating risks, which involved the establishment of a comprehensive, economic and legal approach to AML/CFT risks and threats.
  • Alexei Kechko, Vice President and Head of the Gazprom Group's Consolidated Risks and Methodology Centre, called on the participants to set up an independent rating agency that will become an integral element of the BRICS financial infrastructure.
  • Concluding a series of speeches, Maxim Vilisov, Head of the State Control Department at the Moscow Financial and Law University and CEO of the Centre for Crisis Society Studies, spoke about the existing concerns and doubts relating to the BRICS countries. Mr Vilisov presented to participants  scenarios for future cooperation, i.e., development of AML/CFT monitoring bodies in the form of powerful analytical institutions capable of accumulating vast data volume. They are the ones that play a key role in tackling various political issues and implementing joint global projects at the time when the importance of information and knowledge sharing is hard to underestimate.