Premiered on:
24 Feb 2022 (Thursday)
10:00–11:30 (Manila)
Microsoft Teams Meeting

Emerging Financial Inclusion Priorities in the COVID-19 Era

The webinar examined key outcomes of the 2021 APFIF report: Emerging Priorities in the COVID-19 Era. This included discussion on financial inclusion priorities for policy makers and regulators to stimulate economic recovery as well as emerging challenges and opportunities associated with financial inclusion as a result of digital transformation.

Host and Moderator:
Ms. Cyn-Young Park Director, Regional Cooperation and Integration Division, Economic Research and Regional Cooperation Department (ERCD), ADB

Cyn-Young Park is Director of Regional Cooperation and Integration in the Economics Research and Regional Cooperation Department of the Asian Development Bank (ADB). During her progressive career within ADB, she has been a main author and contributor to ADB’s major publications including Asian Development Outlook (ADB’s flagship publication), 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 (APEC), and Asia-Europe Meeting (ASEM). She has written and lectured extensively about the Asian economy and financial markets. Her work has been published in peer reviewed academic journals including the Journal of Banking and Finance, the Journal of Futures Markets, the Review of Income and Wealth, and the World Economy.

Prior to joining the ADB, she served as Economist (1999-2002) at the Organisation for Economic Cooperation and Development (OECD), where she contributed to the OECD Economic Outlook. She received her Ph.D. in Economics from Columbia University. She holds a Bachelor’s degree in International Economics from Seoul National University.

Opening Remarks:
Mr. Albert Park Chief Economist and Director General, ERCD, ADB

Albert F. Park is Chief Economist of the Asian Development Bank and Director General of its Economic Research and Regional Cooperation Department. He is chief spokesperson on economic and development trends and leads the production of ADB’s flagship knowledge products and support for regional cooperation fora.

Mr. Park has more than 2 decades of experience as a development economist. A well-known expert on the economy of the People’s Republic of China, he has directed a number of large-scale research projects in the country. He has also served as an international consultant for the World Bank and a member of the steering committee for the Asia-Pacific Research Universities’ Population Ageing Hub. Mr. Park has worked on a broad range of development issues including poverty and inequality, intergenerational mobility, microfinance, migration and labor markets, the future of work, and foreign investment.

Mr. Park is Chair Professor of Economics and Director of the Center for Economic Policy at HKUST (on leave). Previously, he served as a founding director of HKUST’s Institute for Emerging Market Studies, professor at the University of Oxford, and associate professor at the University of Michigan. He has also held editorial positions at a number of leading economic journals.

A national of the United States, he received his bachelor’s degree in economics from Harvard University and his doctorate in applied economics from Stanford University.

Joint Presentation of the Report’s Main Findings:
Mr. Peter Rosenkranz Financial Sector Specialist; Public Management, Financial Sector, & Regional Cooperation Division; East Asia Department; ADB

Peter Rosenkranzis a Financial Sector Specialist in the Public Management, Finance Sector, and Regional Cooperation Division in the East Asia Department of the Asian Development Bank (ADB). Focusing on finance sector development in Mongolia and the PRC, he supports and leads origination, processing, and implementation of lending projects, guarantees, and technical assistance, as well as the delivery of knowledge products and solutions.

Previously, he worked as Economist in ADB’s Regional Cooperation and Integration Division in the Economics Research and Regional Cooperation Department. His knowledge work focused on financial development and stability within the context of regional financial integration and cooperation in Asia. He further supported ADB’s participation in regional policy forums, such as ASEAN, ASEAN+3, APEC, and ASEM.

Peter held prior positions at the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) as an Advisor on economic and development policy, and the European Central Bank (ECB) as a Market Infrastructure Expert. He holds a PhD in Economics from the University of Zurich, Switzerland.

Mr. Shawn Hunter Industry Fellow (APEC), Griffith Asia Institute and ADB Consultant

Shawn Hunter is an Industry Fellow (APEC) at Griffith University’s Asia Institute, and an accomplished international development practitioner and researcher. Shawn has 13 years’ experience designing and implementing economic development programs across the Asia-Pacific region with a particular focus on financial inclusion and the digital economy. Much of his career has centred on researching inclusive economic development issues and facilitating capacity-building initiatives to support policymakers and regulators achieve positive development outcomes. This includes over a decade of experience collaborating with government agencies and industry experts to progress initiatives within the Asia-Pacific Economic Cooperation (APEC) that promote regional cooperation and economic integration.

Panel Discussion:
Theme: Emerging Financial Inclusion Priorities in the COVID-19 Era
Ms. Lisette Cipriano Senior Digital Technology Specialist (Financial Technology Services), Finance Sector Group, Sustainable and Development and Climate Change Department, ADB

Lisette Cipriano currently works as a Senior Digital Technology Specialist in Financial Technology Services with ADB. Prior to her current role, she worked for Vodafone Group in the UK, as Commercial Country Manager for Ghana and DRC, providing support and consultancy services for Vodafone Cash/M-Pesa. Her areas of expertise include payments, financial inclusion, mobile money, and financial services in the EMEA region.

Mr. Julius Caesar Parreñas Senior Advisor, Daiwa Institute of Research Ltd, Daiwa Securities Group

Julius Caesar Parreñas is Senior Advisor of the Daiwa Institute of Research at the Daiwa Securities Group. He coordinates the Asia-Pacific Financial Forum (APFF) and represents the APEC Business Advisory Council (ABAC) in the APEC Finance Ministers’ Process. Previous to this, he had served as Senior Advisor at Mizuho Bank, Nomura Research Institute and Nomura Securities, Advisor on International Affairs of the Bank of Tokyo-Mitsubishi UFJ, Ltd and Senior Advisory Fellow of the Institute for International Monetary Affairs in Tokyo. He received his Ph.D., magna cum laude, from the Ludwig Maximilian University in Munich, Germany. He has authored over 100 publications on finance and economics.

Mr. Ricky Satria Director, Customer Protection Group, SME Development and Customer Protection Department, Bank Indonesia
Bio Presentation

Ricky Satria is Director of the Customer Protection Group, SME Development and Customer Protection Department of Bank Indonesia. He has been with Bank Indonesia for 23 years now and has spoken on several domestic and international events on financial crisis, financial inclusion, fintech, digital payment, and QRIS, an Indonesian payment method using standardized QR codes with mobile banking applications and e-wallets.

Mr. Satria obtained his accountancy degree from Andalas University and his MBA in Global Banking Finance from Birmingham University, United Kingdom.

Mr. Peter Morgan Senior Consulting Economist, Vice Chair, ADBI
Bio Presentation

Peter J. Morgan is Senior Consulting Economist and Vice Chair of Research at the Asian Development Bank Institute (ADBI), and has been with ADBI since 2008. He has 23 years experience in the financial sector in Asia, most recently serving in Hong Kong as Chief Asia Economist for HSBC, responsible for macroeconomic analysis and forecasting for Asia. Previously, he served as Chief Japan Economist for HSBC, and earlier held similar positions at Merrill Lynch, Barclays de Zoete Wedd and Jardine Fleming. Prior to entering the financial industry, he was a consultant for Meta Systems Inc in Cambridge, MA, in energy and environmental analysis, and at International Business Information KK in Tokyo, in financial sector consulting. He earned his MA and PhD degrees in economics from Yale University. His research interests are in macroeconomic policy and financial sector regulation, reform, financial development, financial inclusion, fintech, financial literacy and financial education. In 2019 he served as the Lead Co-chair for the Task Force on The Future of Work and Education for the Digital Age for the Think 20 process, an engagement group with the G20.