IMF Conference

Opening remarks:
Makoto Gonokami, President, The University of Tokyo
01'16"

Opening speech:
Kristalina Georgieva, Managing Director, International Monetary Fund (IMF)
Speech
13'12"

International crisis management during the GFC and lessons for the COVID-19 crisis

Moderator:
Gillian Tett, Chair Editorial Board and Editor-at-Large US, Financial Times
20'53" | 31'04" | 41'48" | 49'03" | 58'32" (starting Q&A)

Panelists:
Hiroshi Nakaso, Project Professor, The University of Tokyo
24'06"

William Dudley, Senior Research Scholar, Griswold Center for Economic Policy Studies, Princeton University
32'39"

Francesco Papadia, Senior Fellow of the Bruegel Institute
Presentation
42'27"

Marianne Nessen, Senior Advisor to the Executive Board, Sveriges Riksbank
50'18"

Issues for discussion
International collaboration is critical for successful management and prevention of financial crises. This session will explore broad challenges and lessons for policymakers through drawing on experiences gained during the GFC, assessing policy responses during the current crisis and considering the challenges that lie ahead.

Opening Remarks:
Haruhiko Kuroda, Governor, Bank of Japan
Speech (link to the Bank of Japan website)
00'55"

Navigating the Pandemic: Asia’s Multi-Speed Recovery
Jonathan D. Ostry, Acting Director, Asia and Pacific Department, IMF
Presentation
12'30"

International efforts to bolster cooperation and manage financial stability in the era of COVID-19

Moderator:
Takehiko Nakao, Chairman, Mizuho Research Institute
31'03" | 1h03'11" (starting Q&A)

Panelists:
Ceyla Pazarbasioglu, Director, Strategy Policy and Review Department, IMF
Presentation
34'00"

Masamichi Kono, Deputy Secretary-General, The Organisation for Economic Co-operation and Development (OECD)
44'51"

Toshinori Doi, Director, ASEAN+3 Macroeconomic Research Office (AMRO)
54'30"

Issues for discussion
Both global and regional cooperation are important to mitigate economic and financial risks during crises. This session will discuss how best to leverage such cooperation during the COVID-19 crisis to manage risks, including by drawing on lessons from the past.

Adapting crisis tools to a changing financial landscape

Moderator:
Patricia Mosser, Professor, School of International and Public Affairs, Columbia University
1h24'10" | 1h57'16" (starting Q&A)

Panelists:
Robin Brooks, Managing Director and Chief Economist, The Institute of International Finance (IIF)
Presentation
1h26'30"

Shunsuke Shirakawa, Vice Commissioner for Strategy Development and Management, Financial Services Agency, Japan (JFSA)
Presentation
1h36'35"

Kenichi Ueda, Associate Professor, The University of Tokyo
Presentation
1h45'31"

Issues for discussion
Financial and economic risk emanate from both within and from outside the traditional core financial sector. This session will explore structural change and innovation driven through Fintech and similar channels, and the implications of this change for broader financial stability and the design of crisis-management tools. The session will also highlight the importance of good governance and efficient mechanisms in capital markets to help manage financial risk.

Opening Speech:
Ryozo Himino, Commissioner, JFSA
01'08"

Sustaining Financial Health during the COVID-19 Pandemic and on the Road to Recovery
Tobias Adrian, Director, Monetary and Capital Markets Department, IMF
Speech
11'12"

9:30-11:00 pm

Financial regulatory measures during the GFC and lessons and measures for the COVID-19 crisis

Moderator:
Yoshihiro Kawai, Visiting Professor, The University of Tokyo
26'00" | 1h37'27" (starting Q&A)

Panelists:
Stefan Ingves, Governor, Sveriges Riksbank (by video)
Presentation | Short video | Full Presentation
32'41"

Stijn Claessens, Head of Financial Stability Policy Department, Bank for International Settlements (BIS)
46'05"

Takatoshi Ito, Professor, School of International and Public Affairs, Columbia University
Presentation
59'52"

Nobuyuki Hirano, Chairman, Member of the Board of Directors, Mitsubishi UFJ Financial Group, Inc.
1h23'27"

Issues for discussion
Financial regulation is a key component of managing financial risk and establishing good governance. This session will cover financial regulatory lessons from the GFC and how they can be applied to help manage financial risks. Specific issues include regulatory policies and their impact, resolution frameworks for the banking sector, solvency and liquidity management, and lessons from the GFC already applied during the current crisis.

Closing remarks on public sessions:
Tsutomu Watanabe, Dean, Graduate School of Economics, The University of Tokyo
2h09'02"