AEIR 2021

RCI-POD

WEBINAR 19

Premiered on:
7 Apr 2021 (Wednesday)
3:00–4:30 pm (Manila)
Platform:
Microsoft Teams Meeting

Strengthening Asia’s NPL Markets Through Transaction Platforms


The webinar shared information on ERCD’s knowledge project “Roadmap for the Development of an NPL Trading Platform to Strengthen Asia’s NPL Markets amid COVID-19.” The project aims to examine country-specific circumstances, opportunities, and challenges for nonperforming loans (NPL) trading, and assess the feasibility of establishing an electronic NPL trading platform in the region. The webinar provided an overview and first findings of the study, discussed experiences from existing NPL transaction platforms, and offered a venue for fruitful discussions on this topic.

Video Link:

Link to YouTube

Downloads:

Agenda (PDF)

Previous Episode:

How to leverage big data for tourism recovery
14 Dec 2020 3:00–4:30 pm
(Manila)
Opening Remarks:
Cyn-Young Park Director, Regional Cooperation and Integration Division, Economic Research and Regional Cooperation Department, Asian Development Bank
Bio

Dr. 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.


Presentations:

Background: Study Roadmap for the Development of an NPL Trading Platform
Peter Rosenkranz Economist, Regional Cooperation and Integration Division, Economic Research and Regional Cooperation Department, Asian Development Bank
Bio

Peter Rosenkranz is an Economist in the Regional Cooperation and Integration Division in the Economics Research and Regional Cooperation Department of the Asian Development Bank (ADB). His knowledge work focuses on financial development and stability within the context of regional financial integration and cooperation in Asia, and the identification of related policy options. Recent work includes research on macrofinancial implications of nonperforming loans (NPLs) and policy options for NPL resolution, US dollar funding conditions, regional financial safety nets, and FinTech. He further supports ADB’s participation in regional policy forums, such as ASEAN, ASEAN+3, APEC, and ASEM.

He 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; and his Master’s and Bachelor’s degrees in Economics from the University of Konstanz, Germany.


NPL Transaction Platforms: Feasibility, Benefits, and Pre-requisites
Alok Gahrotra Partner, Portfolio Lead Advisory Services, Deloitte
Bio

Alok has over 18 years corporate finance advisory and investing experience, most recently specialising in the acquisition of loan portfolios. Before joining Deloitte, Alok was part of the Portfolio Investment team at Bank of America Merrill Lynch.

As part of the team at Bank of America Merrill, Alok spent the last 5 years investing in and managing portfolios across Europe including in Poland, Portugal, Romania and Greece where the Bank invested in multiple portfolios.

Richard Bevan Director, Portfolio Lead Advisory Services, Deloitte
Bio

Richard is an experienced insolvency and restructuring professional with over 25 years’ experience. Since 2007 he has focused on the financial services sector.

He is part of the core team working on and advising in relation to the bank recovery and resolution planning. Richard is a resolution specialist, focussing on no creditor worse off analysis and independent valuations (e.g. Banco Popular Español) and contingency planning. He has worked on a number of RRP assignments for major UK financial institutions as well as resilience simulation exercises to test the effectiveness of organisations’ resolution plans.

Lily Hao Manager, Portfolio Lead Advisory Services, Deloitte
Bio

Lily has experience supporting major financial institutions in executing distressed portfolio transactions in both sell side and buy side capacities across Europe and Asia.

Prior to Deloitte, she gained experience in credit risk management advisory where she assisted in developing internal credit risk monitoring and early alarm systems for banks and financial leasing companies in China.


NPL Transaction Platforms: Experience from the PRC
Li Chuanquan Deputy General Manager and Chief Strategy Officer, Zheshang Asset Management Co., Ltd.
Bio

Li Chuanquan is deputy general manager and chief strategy officer of Zheshang Asset Management Co., Ltd. Dr. Li has rich management experience and profound understanding in the field of non-performing assets. In addition, he has served as the post-doctoral tutor of the post-doctoral research workstation of Zhejiang International Business Group Co., Ltd. and guided the first post-doctoral fellow of the local AMCs in the People’s Republic of China (PRC). Moreover, he has worked as the board secretary in Jinxin Trust, and has taken several important positions in other enterprises such as Bindi Potash of Qinghai, Yongfa Biology of Xinjiang, Changjiu Group of Shanghai, etc. He also has rich research experience in various fields such as the securities, the trust and ABS. He is one of the earliest scholars to study in ABS research in the PRC.

He holds a PhD in Finance from Fudan University; and MA in British and American literature from the Tsinghua University.


NPL Transaction Platforms: Experience from Europe
Reiner Martin Lead Economist, Joint Vienna Institute
Bio

Dr. Reiner Martin is Lead Economist at the Joint Vienna Institute in Vienna, Austria, where he is providing and developing applied training courses for public sector officials on a range of financial and macroeconomic topics. He also conducts related research, mainly on non-performing loan resolution, macroprudential policyand stress testing.

Until August 2018 he was Deputy Head of the European Central Bank’s Macroprudential Policy Division, responsible for assessing financial stability and macroprudential policy in the euro area. In addition, he was closely involved in developing resolution strategies for non-performing loans.

Prior to this, he was Deputy Head of the ECB’s Stress Testing Division and was heading the ECB financial sector teams for Cyprus, Spain and Slovenia.

From 2008-10 he was Research Advisor at the Oesterreichische Nationalbank (Austrian Central Bank), conductig research on economic and financial developments in emerging markets.

Earlier he was heading the ECB’s Convergence Section, responsible for analysing economic and financial developments in Central, Eastern and Southeastern Europe (CESEE).

Reiner Martin holds a Ph.D. in Economics from the University of Hamburg (Germany) and Master degrees in Economics and Political Science from the Universities of Sussex and Bristol (UK).

Lead Discussants:
Aziz Haydarov Senior Financial Sector Specialist, Public Management, Finance Sector, & Regional Cooperation Division, East Asia Department, Asian Development Bank
Bio

Aziz, national of Tajikistan, joined ADB in 2009 as Young Professional (Economics). In 2011-2012 he continued there as Country Economist. During 2013–March 2015, he was PPP Specialist at SEPF. From April 2015 to June 2017, he was Infrastructure Economist in IRM. During June 2017–June 2020, Aziz was with AZRM as Senior Portfolio Management Specialist. Since end-June 2020, Aziz is Senior Financial Sector Specialist in EAPF.

Prior to joining ADB, in July 2004–December 2008 he was the World Bank’s country officer for Tajikistan.

Aziz holds a M.Sc. degree (with distinction) in development economics and policy from the University of Manchester (UK). He has conducted his PhD research in quantitative macroeconomics at the Ruhr University (Germany) in 2000–2002. In 2014, he became a certified PPP specialist. Aziz is fluent in English, German, Russian, and Tajik.

Giacomo Giannetto Principal Financial Sector Specialist, Public Management, Financial Sector, and Trade Division, Central and West Asia Department, Asian Development Bank
Stephen Schuster Principal Financial Sector Specialist, Public Management, Financial Sector, & Trade Division, Southeast Asia Department, Asian Development Bank
Bio

Stephen Robert Schuster began his career with the Federal Reserve System by resolving problem banks left in the wake of commercial real estate devaluation of the 1980’s. Mr. Schuster participated in the initial development of, and migration to risk focused examination procedures within the Federal Reserve System and was active in developing and running system-wide training programs. Before leaving the Fed, Mr. Schuster was a member of the Large Complex Banking Organization examination team with a focus on market risk/capital markets, commercial real estate, mortgage banking and retail credit. Mr. Schuster’s international experience includes assignments with the U.S. Treasury’s Office of Technical Assistance and the International Monetary Fund. Currently, Mr. Schuster serves as a Principal Financial Sector Specialist with the Asian Development Bank where he covers Southeast Asia and manages a number of initiatives to support the development of domestic currency bond markets and regional integration.

Manohari Gunawardhena Financial Sector Specialist, Public Management, Financial Sector, & Trade Division, South Asia Department, Asian Development Bank
Bio

Manohari Gunawardhena is a Financial Sector Specialist, Public Management, Financial Sector, and Trade Division South Asia Regional Department of the Asian Development Bank (ADB). In her current capacity, she is responsible for project design, processing and implementation in Bhutan, Sri Lanka and India. Prior to her present job role she was an Investment Specialist in the Portfolio Management division of ADB Private Sector Operations Department where she managed a portfolio of both debt and equity investments of ADB in financial institutions in South Asia, Central, East and South East Asia. She has over two decades of work experience in leadership roles in the areas of Treasury, Asset and Liability Management, Corporate Banking in both commercial and development banks in Sri Lanka. She holds a bachelor’s degree in Science from the University of Kelaniya , Sri Lanka and Masters degrees in Business Administration and Financial Economics from the Universities of Sri Jayewardenepura and Colombo in Sri Lanka.

Q&A and Discussion