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Finance Club-Doc

M.FERHAN KAPTAN
M.FERHAN KAPTAN

The Finance Club was established 25 years ago in Turkey as a non-profit organization by finance and banking professionals and academics. It aims to discuss recent developments and future challenges in the finance environment in Turkey. It organizes panels and conferences with government ministers and other officials to exchange ideas. Recently, it decided to establish a new "Sustainable Innovative Finance Platform" to develop strategies around sustainability, innovation in finance, and international cooperation. The goal is to create a digital or physical platform to improve networks and tackle future challenges in finance.

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THE MISSION OF FINANCE CLUB Finance Club is one of the important non-profit organizations established by finance, banking professionals and academicians in Turkey, 25 years ago, as a Foundation status. The corporate members are banks and other institutions and individual members are mostly banking professionals and finance managers in different sectors. At the beginning more than ten banking and finance professional gathered to discuss the recent developments and the future of the finance environment in Turkey. After some scheduled meetings, the participants decided to establish a registered organization instead of this platform. This establishment would make easier to invite the politicians, the decision makers from State or Private Organizations to enrich the discussion platform. After the establishment, Finance Club prepared the discussion platforms through meetings for Finance Managers and brochures published by newspapers. The agenda of the discussion meetings were the economic growth, the financial liberalization process, and the problems of financing the manufacturing companies, the government finance, and the monetary policy to improve the growth. The Presidents, the Prime Ministers and the Finance and Foreign Economic Ministers, the Under-secretariat of the Treasury and Foreign Trade, the Governors of Central Bank of Turkey were the key note speakers of the panels or conferences. In 1996, the Club began to discuss the concept of International Finance Center and preparing 聴stanbul as a Finance Center. In 1997, Dr. Hartmut Schwesinger was invited to share the experiences to establish Frankfurt as International Finance Center. In 1998 the Club visited the Prime Minister, Mrs. iller and the Mayor of 聴stanbul, Mr. Erdoan (currently the President) to share the experiences and the studies to develop the project. During this period, the role and the responsibility of the Club was determined to exchange the ideas and the visions with the State authorities to develop and improve the economic activities in Turkey. On the other hand the goal was defined as structuring the international joint activities for the Club and to enhance the Project for establishing the Finance Center in 聴stanbul. After the first developments and improvements began to change the climate and the environment of economic structure in Turkey by the end of 2002 and the new cabinet was formed after the elections, the Club had started to discuss the priorities of the new period.
Economic program accomplished the re-structuring of the banking sector and foreign economic relations. Some of the banks were acquired by foreign and international banking institutions. The advanced technology products and processes were applied to the sector. As a conclusion of our internal club discussions, we decided to develop a new strategy including sustainability, innovation in finance applications and to set up and develop international co-operations. During this period, the number of academic staff increased among other members. The interests of these members were to discuss for being a think tank organization. Last year, the Board of the Foundation, decided to be prepared a new vision and concept to organize the activities as a platform. The name of the new platform was decided to be Sustainable Innovative Finance Platform. The Background In most developed countries, long-lasting mega trends which will have a strong impact on their economies are, A (Ageing), E (Environment) and G (Governance). And long-lasting, in this context, means not only years, but decades. The Board of the Club decided to form a platform including the communication, training and media planning activities to attract interests of different parties and decision makers. The main point is to create physical or digital platform to develop new networks to improve the system and tackle with the future challenges. The goal of the Program is defined as; To understand the importance of the Financial Management applications and the democratic participatory practices, To strengthen the networking, the capacity and experience of the participants, To support the youth for developing entrepreneurial skills, The experiences to reach the sustainable growth shows us that, the financial management practices are very important issues to discuss and improve by the participation of business owners, investors, bankers and academic staff. As the management of the Club, we all believe that, if the chain is getting stronger, we can achieve our goals.

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Finance Club-Doc

  • 1. THE MISSION OF FINANCE CLUB Finance Club is one of the important non-profit organizations established by finance, banking professionals and academicians in Turkey, 25 years ago, as a Foundation status. The corporate members are banks and other institutions and individual members are mostly banking professionals and finance managers in different sectors. At the beginning more than ten banking and finance professional gathered to discuss the recent developments and the future of the finance environment in Turkey. After some scheduled meetings, the participants decided to establish a registered organization instead of this platform. This establishment would make easier to invite the politicians, the decision makers from State or Private Organizations to enrich the discussion platform. After the establishment, Finance Club prepared the discussion platforms through meetings for Finance Managers and brochures published by newspapers. The agenda of the discussion meetings were the economic growth, the financial liberalization process, and the problems of financing the manufacturing companies, the government finance, and the monetary policy to improve the growth. The Presidents, the Prime Ministers and the Finance and Foreign Economic Ministers, the Under-secretariat of the Treasury and Foreign Trade, the Governors of Central Bank of Turkey were the key note speakers of the panels or conferences. In 1996, the Club began to discuss the concept of International Finance Center and preparing 聴stanbul as a Finance Center. In 1997, Dr. Hartmut Schwesinger was invited to share the experiences to establish Frankfurt as International Finance Center. In 1998 the Club visited the Prime Minister, Mrs. iller and the Mayor of 聴stanbul, Mr. Erdoan (currently the President) to share the experiences and the studies to develop the project. During this period, the role and the responsibility of the Club was determined to exchange the ideas and the visions with the State authorities to develop and improve the economic activities in Turkey. On the other hand the goal was defined as structuring the international joint activities for the Club and to enhance the Project for establishing the Finance Center in 聴stanbul. After the first developments and improvements began to change the climate and the environment of economic structure in Turkey by the end of 2002 and the new cabinet was formed after the elections, the Club had started to discuss the priorities of the new period.
  • 2. Economic program accomplished the re-structuring of the banking sector and foreign economic relations. Some of the banks were acquired by foreign and international banking institutions. The advanced technology products and processes were applied to the sector. As a conclusion of our internal club discussions, we decided to develop a new strategy including sustainability, innovation in finance applications and to set up and develop international co-operations. During this period, the number of academic staff increased among other members. The interests of these members were to discuss for being a think tank organization. Last year, the Board of the Foundation, decided to be prepared a new vision and concept to organize the activities as a platform. The name of the new platform was decided to be Sustainable Innovative Finance Platform. The Background In most developed countries, long-lasting mega trends which will have a strong impact on their economies are, A (Ageing), E (Environment) and G (Governance). And long-lasting, in this context, means not only years, but decades. The Board of the Club decided to form a platform including the communication, training and media planning activities to attract interests of different parties and decision makers. The main point is to create physical or digital platform to develop new networks to improve the system and tackle with the future challenges. The goal of the Program is defined as; To understand the importance of the Financial Management applications and the democratic participatory practices, To strengthen the networking, the capacity and experience of the participants, To support the youth for developing entrepreneurial skills, The experiences to reach the sustainable growth shows us that, the financial management practices are very important issues to discuss and improve by the participation of business owners, investors, bankers and academic staff. As the management of the Club, we all believe that, if the chain is getting stronger, we can achieve our goals.