What is the Institute of International Banking Law & Practice?
Byrne : The IIBLP is a not-for-profit organisation dedicated to achieving a better understanding of banking law and practice, and their relationship to each other. For more than ten years, it has brought together leaders of the letter of credit community from the fields of banking, law, business, regulation, and academia in forums and educational events to foster and promote the exchange of ideas. It has been active in the development of rules and regulations governing letters of credit and guarantees, working with UNCITRAL (United Nations Commission on International Trade Law), the ICC (International Chamber of Commerce), and at national levels. The Institute is also well-known as being at the forefront of combating commercial and financial instrument fraud.
