i I

A number of expert speakers, including Kevin Hebner,senior foreign exchange strategist for JPMorgan ChaseBank, gave thoughts on what, and whom, to watch for in thecoming months. Hebner noted the most likely contendersfor the next financial crisis are Turkey, Malaysia, Chile,Indonesia and India. Turkey and India are particularly wor-

risome because of their stature in recent years, and links tonations not as comfortable with doing business in the west-ern world. Both, however, are running exorbitant accountdeficits. Turkey, meanwhile, is dealing with a growing divideamong its population of Islamic fundamentalists and a moresecular majority.

Hebner appeared less concerned with other countries show-ing signs of hard times. He made reassurances that Brazil,while facing inflation problems has strong reserves to fallback on, that China is "virtually bulletproof" because theyare not a real market economy and that Mexico will shrug ofl̂the poor performance of the peso because of strong businessfundamentals. Ï

Brian Shappell, CBA, CICP, NACM staff writer, can be reached at

brians@nacm. org.

MEMBER NEWS

Spargur ReceivesFCIB Developmentand Growth AwardA speaker at several NACM and ECIB events and a dedicatedcontributor throughout FCIB's recruitment and online pres-ence eflbrts, Patrick Spargur, ICCE, was the latest to join thelist of ECIB Service Development and Growth Award winners.

Spargur, credit manager with Bally Technologies, Inc., washonored with the award at the ECIB's 24th Annual GlobalConference, held in September in Philadelphia. The awardrecognizes the valuable contributions that volunteers maketo further grow and develop FCIB's member services and toencourage more people to serve. For his part, Spargur isactive in ECIB's Linkedin groups, member recruitment andthe online member discussion board. During the presenta-tion of the award at Global, FCIB Director of Business Devel-opment and Membership Ron Shepherd also made note ofSpargur's other pursuits and various charitable efforts,including his work with a group that serves Las Vegas resi-dents badly affected by the city's deep economic downturnand real estate bust.

"It is always great to receive recognition from your peers andthose whom you serve," Spargur said. "FCIB is a very well-known and respected organization that has been instrumentalin my career development. Their members and resources areinvaluable to me as a credit professional."

FCIB and NACM congratulate Patrick Spargur on the receiptof this award and sincerely thank him for his service to theinternational credit community.

Financial StatementAnalysis 2: Credit andRisk AssessmentSeptember 15-19, 2013NACM-National, Columbia, MD

A sharp dozen joined instructor George Schnupp, CCEfor five days to gauge and expand their skill set throughthis intensive course that gives attendees a comprehen-sive understanding of a company's total operating per-formance and financial condition, as well what's behindthe numbers. By week's end, attendees gained the abil-ity to analyze and interpret financial statements forquality credit risk assessments, and many became eli-gible—and earned—their Certified Credit and RiskAnalyst (CCRA) designation! See page 21 for thesenewest désignées!

How does your credit career measure up? Eind out moreabout the contents of FSA2 and other NACM certificatesessions at www.nacm.org/certificate-sessions.

3 2 BUSINESS CREDIT NOVEMBER/D ECEMBER 2013

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