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Ms. Atis Lee
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The Future of Asia's Finance
IMF-HKMA Joint Conference:
Helping Asia Invest, Integrate and Innovate, While Remaining Resilient
Location: Hong Kong Monetary Authority
February 28, 2014
Asia's emerging and industrial economies generally have large and sophisticated financial sectors. But sustaining Asia's impressive growth will require Asia's financial sectors to innovate further, while becoming more interconnected and efficient in financial intermediation and risk management. Through this, Asia's financial sectors will help Asia invest, integrate and include better. New and creative approaches will be required to ensure continued resilience to global and domestic shocks, while rising to the challenge of demographic change in Asia. Finally, as Asian economies and financial systems grow, it will be important to ensure that this process is consistent with financial stability and economic sustainability.
This conference will draw together Asia's top policymakers, academics, and financiers to take stock of recent developments within Asia's financial systems, assess the main challenges that lie ahead, and identify key policy areas to address these challenges.
Click on a presentation title to see the PDF. Click on a speaker name to see a short biography.
February 28, 2014
|9:00 - 9:20a.m.||
Speaker: Norman Chan, Chief Executive, Hong Kong Monetary AuthorityZHU Min Deputy Managing Director, International Monetary Fund
Panel I - View from the Deck: The Changing Role of Finance in Asia
Role of finance and key players; macroeconomic impacts of intermediation; shadow banking; government involvement and financial inclusion; systemic importance; and evolution going forward.
Moderator: Chikahisa SUMI, Assistant Director, Asia and Pacific Department, IMF
Speaker: HE Guangbei, Vice Chairman and the Chief Executive of Bank of China (Hong Kong) Limited
Hidekazu HORIKOSHI, Regional Head for Hong Kong, General Manager,The Bank of Tokyo-Mistubishi UFJ
Frank Packer, Head of Economics and Financial Markets for Asia & the Pacific, Bank for International Settlements
Rebecca Terner , Executive Director, Head of Policy and Regulatory Affairs, Asia Securities Industry & Financial Markets Association
11:00 - 12:15 p.m.
Panel II – High and Low Tides: Capital Flows in Asia
Main features of capital flows, and how to address risks. Drivers of flows and medium term trends. Potential new sources, such as India and China, and prospects for regional integration. Mobilizing domestic and foreign savings to support growth.
Moderator: Jerry Schiff, Deputy Director, Asia and Pacific Department, IMF
Speaker: Ratna Sahay, Deputy Director, Monetary and Capital Markets Department, IMFLI Bo, People's Bank of China
Kazuo Momma, Assistant Governor of the Bank of Japan
12:30 - 2:00 p.m.
2:00 - 2:30 p.m.
Panel III - Changing Currents: Asia in the New Global Regulatory Regime
Regulatory and supervisory gaps; impact of Basel III; challenges in regulating and supervising cross border financial intermediation; and challenges in moving toward greater financial integration in ASEAN, drawing lessons from the Euro Area.
Moderator: Jose Viñals, Director, Monetary and Capital Markets Department, IMF
Speaker: Gilbert Kohnke, Chief Risk Officer, OCBC BankKenji Okamura,Deputy Commissioner for Japan International Affairs Financial Services Agency
Yunsung Tark, Director of International Finance Division of the Korea Financial Services Commission
4:15 - 5:30 p.m.
Roundtable – Navigating the Future of Asian Finance
Moderator: HE Dong, Executive Director (Research), Hong Kong Monetary Authority
Speakers: Iwan Azis, Asian Development Bank and Cornell UniversityAndrew Sheng, President Fung Global Institute
ZHU Min, Deputy Managing Director, IMF