NACM Staff Writer Jacob Barron, CICP, was on hand in Chicago for FCIB’s annual ICE Conference this week. Full reports will be posted here on Monday. In the meantime, here are some interesting points and quotes from the proceedings:
CFTC Commissioner Bart Chilton, ICE keynote speaker, calls cyber attacks "a big threat." The notable "Flash Crash" on May 6 last year was originally thought to be a result of one.
Chilton on the hard fact about oil markets: "If you don't have speculators, you don't have a market."
PJ Bain, CEO of PrimeRevenue, on supply chain issues (among the hottest topics of the conference): "Supply chain finance breaks the linkage between when a buyer pays and when suppliers get paid."
Janet Kim, Esq., on trade compliance difficulty: "You could spend days on any of these laws.”
Panelists on BRICs: Understanding a country's history is critical as it can greatly help exporters avoid getting burned. Doing so seems to be an increasing interest, theme that developed as I.C.E. progressed.