AEIR 2021

ADB-IGF International Conference on Financial Services and Technology:

Financial Inclusion and Stability


The International Conference on Financial Services and Technology: Financial Inclusion and Stability will discuss the role of digital technologies in shaping the financial service landscape and how Asia’s financial system should evolve to be more responsive to Asia’s development needs. This conference will also examine the new regulatory challenges with financial technology advancement and how best policy makers and regulators can address these emerging issues to safeguard financial stability and more effectively promote financial inclusion. It will gather such participants as researchers, representatives from governments, private sector, and international organizations in the Asia and Pacific region.

Event details

Date/Venue:

5 February 2018
UNSW Business Lounge
UNSW Business School
West Wing Level 6
Kensington NSW 2052, Australia

Contacts:

  • Bo Zhao
    Economic Research and Regional Cooperation Department,
    Asian Development Bank

    Email: bzhao@adb.org
  • Paulo Rodelio Halili
    Economic Research and Regional Cooperation Department,
    Asian Development Bank

    Email: phalili@adb.org
  • Marilyn Parra
    Economic Research and Regional Cooperation Department,
    Asian Development Bank

    Email: mparra@adb.org

Download:

Conference Agenda

Program and Agenda



Registration/Opening Sessiontoggle

Welcome / Keynote

9:00 a.m.–9:30 a.m.
Registration and Coffee
9:30 a.m.–9:40 a.m.
Opening Remarks
Fariborz Moshirian Director of Institute of Global Finance, UNSW

Fariborz Moshirian is the Director of the Institute of Global Finance (IGF) in the UNSW Australia Business School, Sydney. The IGF does collaborative research on systemic risk, financial innovation and global financial stability with NYU, UCLA and has had joint work with ADB, the IMF, the World Bank, PwC and a number of world class research centers. He served as the Head of School of Banking and Finance at UNSW for over four years.
Bio
9:40 a.m.–9:50 a.m.
Welcome Remarks
Bambang Susantono Vice President for Knowledge Management, Asian Development Bank

Bambang Susantono is the Vice-President for Knowledge Management and Sustainable Development of the Asian Development Bank (ADB). He assumed the position in July 2015. Mr. Susantono is responsible for management of ADB’s Sustainable Development and Climate Change Department, Economic Research and Regional Cooperation Department, and Department of External Relations. Prior to this, Mr. Susantono was the Vice-Minister of Indonesia’s Ministry of Transportation and Deputy Minister for Infrastructure and Regional Development. He has extensive experience providing policy advice to government, private sector organizations and international institutions. He chaired several research institutes and taught in universities. He was also Commissioner for airline, port, telecommunications and media companies. Mr. Susantono holds a PhD in Infrastructure Planning and Master’s degrees in Transportation Engineering, and City and Regional Planning from the University of California Berkeley. He holds a Bachelor’s degree in Civil Engineering from the Bandung Institute of Technology.
Bio
9:50 a.m.–10:05 a.m.
Welcome Remarks
Rhonda Piggott Director, NSW Office, Department of Foreign Affairs and Trade

Rhonda Piggott is the Director of the New South Wales State Office of the Department of Foreign Affairs and Trade (DFAT). She is responsible for managing DFAT’s engagement with the State Government, business, regional authorities, academia and community groups and the Consular Corps, one of the largest in the world. Rhonda is a career diplomat, having served in Brussels as Deputy Head of Mission, with responsibility for Australia’s engagement with the European Union, Belgium, Luxembourg and the North Atlantic Treaty Organisation (NATO), from 2007-2010; in Geneva at Australia’s Mission to the World Trade Organization from 1996-1999; and in Brasilia from 1987-1990. Rhonda has extensive experience in trade and economic policy issues and negotiations. During Australia’s year as G20 host in 2014, Rhonda was a senior member of Australia’s G20 Policy Taskforce, located in the Department of the Prime Minister and Cabinet (PM&C) and played a key role in shaping and delivering the G20’s trade agenda. She holds a Master of Public Policy from the Australian National University and a Bachelor of Arts (Hons History) from the University of Queensland.
Bio
10:05 a.m.–10:10 a.m.
Photo and Coffee Break

10:10 a.m.–10:30 a.m.
Chair:
Glenn Otto Assistant Professor, UNSW

Glenn Auto is Associate Professor at the School of Economics, University of New South Wales. He holds a PhD in Economics from the Queens University Canada and Masters in Economics from the Australian National University. His expertise include real estate economics and empirical macroeconomics. His recent work is on Monetary Policy Targeting Rules. He has published papers on flexible inflation targeting, house prices, consumption and wealth, international macroeconomics, and public capital, in various journals such as Australian Economic Review, Asian Economic Journal, and Journal of International Money and Finance.
Bio

Asian Economic Integration Report 2017

Presentation:
Cyn-Young Park Director of Regional Cooperation and Integration, ERCD, Asian Development Bank

Cyn-Young Park is Director of the Regional Cooperation and Integration Division in the Economic Research and Regional Cooperation Department of the Asian Development Bank (ADB). She manages a team of economists to examine policy issues and develop strategies related to regional cooperation and integration (RCI). During her career with ADB, she has been main author and contributor to ADB flagship publications, including the Asian Development Outlook, as well as the Asia Capital Markets Monitor, Asia Economic Monitor, Asia Bond Monitor, and ADB Country Diagnostic Study Series. She has also participated in various global and regional forums, including the G20 Development Working Group, Association of Southeast Asian Nations (ASEAN), ASEAN+3, Asia-Pacific Economic Cooperation, and Asia-Europe Meeting. She has written and lectured extensively about the Asian economy and financial markets. Prior to joining ADB, she served as Economist (1999–2002) at the Organisation for Economic Cooperation and Development (OECD). She received her Ph.D. in Economics from Columbia University, and bachelor degree from Seoul National University.
Bio

Panelists:
Richard Yetsenga Chief Economist, ANZ Bank (Australia and New Zealand Banking group)

Richard Yetsenga is Chief Economist and Head of Research at ANZ. In this role, he leads the Bank&rsqup;s economic and markets research efforts, with a focus on Australia, New Zealand and Asia. With more than 20 years of experience in Asian financial services, Richard joined ANZ in 2011 from HSBC in Hong Kong, where he was Managing Director and Global Head of Emerging Market FX Strategy. Prior to his seven years at HSBC, Richard held economics and markets strategy roles with Deutsche Bank and the Australian Government. Richard publishes research on issues of broad relevance, including the resilience of a liberal global trading regime, the Aldi-isation of retail, India’s credible reform, what’s happening in the boardrooms of China and resisting the siren call of Australian infrastructure.
Bio
Cyn-Young Park Director of Regional Cooperation and Integration, ERCD, Asian Development Bank

Cyn-Young Park is Director of the Regional Cooperation and Integration Division in the Economic Research and Regional Cooperation Department of the Asian Development Bank (ADB). She manages a team of economists to examine policy issues and develop strategies related to regional cooperation and integration (RCI). During her career with ADB, she has been main author and contributor to ADB flagship publications, including the Asian Development Outlook, as well as the Asia Capital Markets Monitor, Asia Economic Monitor, Asia Bond Monitor, and ADB Country Diagnostic Study Series. She has also participated in various global and regional forums, including the G20 Development Working Group, Association of Southeast Asian Nations (ASEAN), ASEAN+3, Asia-Pacific Economic Cooperation, and Asia-Europe Meeting. She has written and lectured extensively about the Asian economy and financial markets. Prior to joining ADB, she served as Economist (1999–2002) at the Organisation for Economic Cooperation and Development (OECD). She received her Ph.D. in Economics from Columbia University, and bachelor degree from Seoul National University.
Bio
Tim Harcourt J.W.Nevile Fellow in Economics, UNSW

Tim Harcourt is the J.W.Nevile Fellow in Economics at the UNSW Business School. Tim is known as ‘The Airport Economist’ and is the author of seven books on the international economy including: The Airport Economist, Trading Places, Great Southern Lands – building ties between Australia & Brazil and Latin Lessons. He is currently writing a history on the internationalization of the Australian economy and a new book titled Footynomics on the economics of sport. He was Chief Economist of the Australian Trade Commission (Austrade) for over a decade and also worked for the Reserve Bank of Australia (RBA) and the Australian Council of Trade Unions (ACTU) and in the corporate sector internationally. Tim is also the Adviser – International Engagement to the Premier of South Australia, Hon Jay Weatherill, MP and Expert Panel Member – Minimum Wage and Superannuation Funds review, for the Fair Work Commission.
Bio

Open Discussion
10:30 a.m.–12:00 p.m.
Lunch Break (JG's Café)


Session 1toggle

The Role of Financial Technology and the Future of Asia Pacific Finance

To sustain Asia's growth momentum for sustainable and inclusive future, financial sector development and regional financial market integration is the key. This session will discuss how Asia’s financial system should evolve to be more responsive to Asia’s development needs.

  1. What are the structural impediments that hamper Asian financial systems in providing stable long-term finance for development?
  2. What’s the status of Asian financial integration and ASEAN banking integration and how can we further enhance financial integration in the region to support sustainable and inclusive development?
  3. What is the role of IFIs, MDBs, and Central Banks in facilitating financial development and promoting financial inclusion to support Asia’s development goals?
12:00 a.m.–1:30 p.m.
Chair:
Professor Richard Dunford Associated Dean, International and External Relations, UNSW

Richard Dunford is Associate Dean, International & External Relations in the UNSW Business School. Richard has held a range of academic leadership roles, including PVC (Business and Law), University of Newcastle; Chair of the International Business Discipline, University of Sydney Business School; Deputy Dean / Interim Dean, MGSM; Head of Management, Victoria University of Wellington, New Zealand; and Associate Dean for Research and Postgraduate Studies, UTS. As well as working within the university sector, Richard has worked in business (the oil industry) and government (technology policy) and has provided consulting services on strategy, managing change and executive education to a wide range of companies in Australasia and South-East Asia. Through these roles, Richard has had extensive experience in engaging with Asia, industry and government.

In addition, Richard is an accomplished scholar, having widely published in top tier journals including Academy of Management Review, Administrative Science Quarterly, Journal of Organizational Behavior, Journal of Management Studies, Long Range Planning, Human Relations and Organization Studies. He has also been the recipient of multiple ARC Discovery and Linkage Grants. He was Deputy Chair of the 2015 Excellence in Research, Australia (ERA) Economics and Commerce panel, is a Fellow of the Australian and New Zealand Academy of Management, and has been a member of EQUIS accreditation review panels for universities in Asia and Europe.
Bio

Keynote:
Ian Pollari Global Co-Leader, KPMG Fintec

Ian Pollari is a partner at KPMG and is currently the Global Co-Lead for KPMG’s Fintech practice. He is also the Head of KPMG’s Banking Sector in Australia and on the Board of Stone & Chalk. Ian has over 16 years’ experience servicing clients in the financial services industry and brings knowledge and insights into the experiences of local and international banks, payment providers and fintech start-ups in areas such as strategy development, market entry and digital innovation. He is currently working with a number of financial institutions, in Australia and globally, to enhance their understanding of the fintech landscape and helping them develop their fintech and innovation strategies and operating models. He has also advised Government and regulatory agencies in relation to fintech and digital developments. Prior to joining KPMG, Ian worked at Telstra Corporation in Strategy for Business & Government.
Bio

Panel Discussion:
Sarah Hickey Partner, PwC

Sarah Hickey is a Tax Partner at PwC’s Sydney office, specializing in financial services tax and inbound investment. She has a particular interest in financial services and technology and is passionate about the opportunity that FinTech offers to the Australian market.
Bio
Professor Ross Buckley UNSW

Ross Buckley joined the Faculty in January 2007, and was appointed a Scientia Professor, and to the CIFR King & Wood Mallesons Chair in International Finance Law, in 2013. His current research focus is the delivery of financial services over mobile devices, in both developing and developed countries. He led a team of three researchers on this project, funded by a large ARC Linkage grant in conjunction with the United Nations Capital Development Fund. He had consulted to banks, finance houses and government departments, including the Asian Development Bank, the U.S. SEC and Department of Justice, the Australian Tax Office, the Indonesian Ministry of Finance and the Vietnamese Ministry of Trade. He began practicing banking and finance law in Australia and Hong Kong and on Wall Street for nine years.
Bio
Ian Pollari Global Co-Leader, KPMG Fintec

Ian Pollari is a partner at KPMG and is currently the Global Co-Lead for KPMG’s Fintech practice. He is also the Head of KPMG’s Banking Sector in Australia and on the Board of Stone & Chalk. Ian has over 16 years’ experience servicing clients in the financial services industry and brings knowledge and insights into the experiences of local and international banks, payment providers and fintech start-ups in areas such as strategy development, market entry and digital innovation. He is currently working with a number of financial institutions, in Australia and globally, to enhance their understanding of the fintech landscape and helping them develop their fintech and innovation strategies and operating models. He has also advised Government and regulatory agencies in relation to fintech and digital developments. Prior to joining KPMG, Ian worked at Telstra Corporation in Strategy for Business & Government.
Bio

Open Discussion

1:30 p.m.–2:45 p.m.
Coffee Break


Session 2toggle

The Role of Financial Regulation, Financial Compliance and Financial Innovation on Sustainable and Inclusive Growth

The post-crisis regulatory reforms have been gradually reshaping the global financial landscape, with financial institutions and markets adjusting to the new environment. Presently, however, the accelerating pace of technological change is the most creative force–and perhaps the most destructive–in the financial services ecosystem. Against the backdrop of risking the current regulatory framework obsolete, this session will discuss about how Asia seize the opportunities arising from rapidly evolving digital technology to leapfrog more traditional banking models and broaden financial inclusion.

  1. What’s the status of Asian financial development and the uptake of technology in the region’s financial industries?
  2. How can private sector and policy makers work together to establish a level playing field for financial institutions and promote financial innovation to support Asia’s sustainable and inclusive development?
  3. What would be appropriate regulatory framework that can encourage competition and innovation while providing effective oversight of the new technological disruption?
2:45 p.m.–3:00 p.m.
Chair:
Mark Humphery-Jenner Asst. Professor, UNSW

Mark Humphery-Jenner is an AGSM scholar and Associate Professor at the UNSW Business School. He currently teaches Empirical Studies in Finance which provides a concise synthesis of the recent available literature on empirical studies in corporate finance within a logical, analytical structure. He has published articles in Journal of Corporate Finance, Strategic Management Journal, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and Journal of Financial Intermediation, among others.
Bio

Keynote:
Anatoly Kirievsky Head of Compliance, Optiver Asia Pacific

Anatoly Krievsky is currently the Chief Compliance Officer for a leading market making firm, Optiver, in the Asia-Pacific region. Anatoly has a Bachelor of Commerce/Bachelor of Laws degree from UNSW with Honours in Finance. He spent 4 years with the Reserve Bank of Australia in financial markets research, liquidity forecasting and dealing support and compliance areas. He then moved to HSBC where he provided compliance coverage for global markets, debt capital markets, asset management, custody & clearing, and personal financial services. Prior to joining Optiver in May 2017, he was with the Bank of America Merrill Lynch as Head of Compliance in Australia and was responsible for the regulatory compliance function. Anatoly has also been an adjunct academic at the University of New South Wales since 2000 and at University of Sydney since 2017, across undergraduate, masters and MBA programs, with a focus on risk management and corporate governance. He taught extensively across financial markets and institutions, international business finance, real estate finance, corporate governance and risk management for financial institutions.
Bio

Panel Discussion:
Nathan Lynch Head of Regional Bureau Chief, Thomson-Reuters-Asia Pacific

Nathan Lynch is the head regulatory analyst for Thomson Reuters Governance, Risk and Compliance in Australia and New Zealand. Thomson Reuters&rsqup; Compliance Complete service (http://accelus.thomsonreuters.com) provides a single source for regulatory news, analysis, rules and developments, with global coverage of more than 230 regulators and exchanges worldwide.
Bio
Professor Douglas Arner University of Hong Kong

Douglas W. Arner is the Kerry Holdings Professor in Law at the University of Hong Kong, Project Coordinator of a major five-year project funded by the Hong Kong Research Grants Council Theme-based Research Scheme on “Enhancing Hong Kong’s Future as a Leading International Financial Centre” and Director of HKU’s East Asian International Economic Law and Policy Programme. In addition, he is Faculty Director of HKU’s LLM in Compliance and Regulation and a Senior Visiting Fellow of Melbourne Law School, University of Melbourne. Douglas served as Head of the HKU Department of Law from 2011 to 2014 and as Co-Director of the Duke University-HKU Asia-America Institute in Transnational Law from 2005 to 2016. From 2006 to 2011 he was the Director of HKU’s Asian Institute of International Financial Law, which he co-founded in 1999 along with the LLM in Corporate and Financial Law (of which he serves as Faculty Director). He has published fifteen books, including Reconceptualising Global Finance and its Regulation (Cambridge University Press 2016), Financial Markets in Hong Kong: Law and Practice (Oxford University Press, 2d ed., 2016), Finance in Asia: Institutions, Regulation and Policy (Routledge 2013), From Crisis to Crisis: The Global Financial Crisis and Regulatory Failure (Kluwer 2011), and Financial Stability, Economic Growth and the Role of Law (Cambridge University Press 2007), and more than 120 articles, chapters and reports on international financial law and regulation. He has served as a consultant with, among others, the Asian Development Bank, World Bank, APEC, and European Bank for Reconstruction and Development, and has lectured, co-organised conferences and seminars and been involved with financial sector reform projects in over 20 economies in Africa, Asia and Europe.
Bio
Laura Newton Senior Compliance Officer, AUSTRAC

Laura Newton is a Senior Compliance Officer at the Australian Transaction Reports and Analysis Centre (AUSTRAC). AUSTRAC is Australia&rsqup;s anti-money laundering and counterterrorism financing regulator and specialist financial intelligence unit, originally established under the Financial Transaction Reports Act 1988 (FTR Act) and continued in existence by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).
Bio
Anatoly Kirievsky Head of Compliance, Optiver Asia Pacific

Anatoly Krievsky is currently the Chief Compliance Officer for a leading market making firm, Optiver, in the Asia-Pacific region. Anatoly has a Bachelor of Commerce/Bachelor of Laws degree from UNSW with Honours in Finance. He spent 4 years with the Reserve Bank of Australia in financial markets research, liquidity forecasting and dealing support and compliance areas. He then moved to HSBC where he provided compliance coverage for global markets, debt capital markets, asset management, custody & clearing, and personal financial services. Prior to joining Optiver in May 2017, he was with the Bank of America Merrill Lynch as Head of Compliance in Australia and was responsible for the regulatory compliance function. Anatoly has also been an adjunct academic at the University of New South Wales since 2000 and at University of Sydney since 2017, across undergraduate, masters and MBA programs, with a focus on risk management and corporate governance. He taught extensively across financial markets and institutions, international business finance, real estate finance, corporate governance and risk management for financial institutions.
Bio

Open Discussion


Closing Sessiontoggle
3:00 p.m.–4:15 p.m.
Closing Remarks
Bambang Susantono Vice President for Knowledge Management, Asian Development Bank

Bambang Susantono is the Vice-President for Knowledge Management and Sustainable Development of the Asian Development Bank (ADB). He assumed the position in July 2015. Mr. Susantono is responsible for management of ADB’s Sustainable Development and Climate Change Department, Economic Research and Regional Cooperation Department, and Department of External Relations. Prior to this, Mr. Susantono was the Vice-Minister of Indonesia’s Ministry of Transportation and Deputy Minister for Infrastructure and Regional Development. He has extensive experience providing policy advice to government, private sector organizations and international institutions. He chaired several research institutes and taught in universities. He was also Commissioner for airline, port, telecommunications and media companies. Mr. Susantono holds a PhD in Infrastructure Planning and Master’s degrees in Transportation Engineering, and City and Regional Planning from the University of California Berkeley. He holds a Bachelor’s degree in Civil Engineering from the Bandung Institute of Technology.
Bio