"Asia's turn to Transform"
16-17 November 2017, Trident Hotel, Nariman Point
Mumbai – The 34th ABA General Meeting and Conference to be hosted by the State Bank of India on November 16-17 in Mumbai will put the spotlight on the region as it features the theme “Asia s turn to Transform.”
Recent economic and geopolitical developments in the international arena and the continued proliferation of new financial technologies and startups are expected to cause financial systems across Asia to undergo significant transformation in the year ahead.
This year s Conference will examine how the current global downturn will impact on the outlook of the Asian economies; the economic consequences of the Brexit and the America-first policy of the incumbent US administration on the Asian region; the implications for Asian banks of the rapid adoption of new financial technologies; and the impact of the so-called FinTech revolution on the customer experience, on other stockholders, and on the regulatory environment.
Tentative Program as of 25th August 2017
Arrival of Delegates and Registration ABA Secretariat: Jacaranda Room (Lower Lobby)
First day: November 16 (Thursday)
08:00-18:00 Registration (Jacaranda Room, Lower Lobby)
09:00-12:00 “Discover ABA” Session (Regal Room, Lower Lobby)
This session will feature special country presentations by the host bank and selected member banks. The country presentations are intended to provide the Conference delegates the opportunity to obtain more information about the economic, business, and financial sector conditions in the various ABA member countries, as well as to learn more about ABA member banks and their activities.
Invited country presenters:
09:15-09:45 Hatton National Bank (Sri Lanka)
09:45-10:15 Erste Group Bank AG (Austria)
10:15-10:30 Coffee Break
10:30-11:00 Capital Bank of Mongolia (Mongolia)
11:00-11:30 State Bank of India (Topic: Indian Banking Opportunities and Challenges)
11:30-12:00 Presentation on “BAFT in Asia”
Mr. Tod R. Burwell, President & CEO, Bankers Association for Finance and Trade (BAFT)
Ms. Arlene Sanchez, Senior Director Marketing-BAFT
12:00-13:30 Lunch (Regal Room Foyer, Lower Lobby)
13:30-16:00 Host Bank Special Sessions: (Regal Room, Lower Lobby)
This special session organized by host State Bank of India will feature speakers who will share their views on issue/s of current interest to the banking industry
13:30-14:00 Speech on Combating Financial Crime
Preferred: Mr. Howard Mendelsohn, Managing Director, Camstoll Group- Washington DC
14:00-15:00 Panel One Financial Inclusion: Learnings from Asian Markets
Moderator: Oliver Wyman
Mr. Chandra Shekhar Ghosh, Chairman Managing Director, Bandhan Bank
Christine Engstrom, Director, Private Sector Financial Institutions, ADB or
Lotte Schou-Zibell, Technical Advisor – Financial Inclusion, ADB
15:00-16:00 Panel Two Basel III: Business and Strategic Implications
Moderator: Mr. Douglas Elliott, Partner, Finance & Risk/Public Policy Practice, Oliver Wyman
Mr. P K Gupta, Managing Director, Compliance & Risk, SBI
CRO, Bank Mandiri
CRO, UOB Singapore
Mr. Matthew L. Ekberg, Senior Policy Adviser, Regulatory Affairs Dept., Institute of International Finance
Mr. C. C. Huang, Head of Global Risk Management Group, CTBC Bank
16:00-16:15 Coffee Break (Regal Room Foyer, Lower Lobby)
16:15-18:15 Presentation – Digital platforms
16:15-17:45 Meeting of the ABA Policy Advocacy Committee (Gulmohar Room, Lower Lobby)
16:30-17:30 Advisory Council Meeting (Rooftop Board Room) (Open only to Members of the Advisory Council)
17:45-18:45 54th ABA Board of Directors’ Meeting (Gulmohar Room, Lower Lobby) (Open only to Members of the ABA Board of Directors)
19:00-21:30 Welcome Cocktails/Dinner (Regal Room Lower Lobby)
Morning/Afternoon Spouses Program (To be advised)
Second day: November 17 (Friday)
Recent economic and geopolitical developments in the international arena and the continued proliferation of new financial technologies and start-ups are expected to cause financial systems across Asia to undergo significant transformation in the year ahead.
This year’s Conference will examine how the current global downturn will impact on the outlook of the Asian economies; the economic consequences of the Brexit and the America-first policy of the incumbent US administration on the Asian region; the implications for Asian banks of the rapid adoption of new financial technologies; and the impact of the so-called FinTech revolution on the customer experience, on other stockholders, and on the regulatory environment.
08:00 Registration (Regal Room Foyer, Lower Lobby)
09:00-10:00 Opening Ceremony (Regal Room, Lower Lobby)
Welcome Remarks by the Chairman or Managing Director of State Bank of India
Welcome Remarks by Mr. Daniel Wu, Chairman, ABA and President and CEO, CTBC Financial Holding Co.
Special Opening Address by High Government Official of India
Keynote Speech by Invited Keynote Speaker
Dr. Kaushik Basu, Indian Economist and Academic; Former
Senior Vice President and Chief Economist of the World Bank
Mr. Timothy Geithner, President, Warburg Pincus; Former Secretary of the Treasury
Presentation of Testimonials of Appreciation to the High Government Official and the Keynote Speaker
10:00-10:15 Coffee Break (Regal Room Foyer, Lower Lobby)
10:00-10:30 Press Conference (Gulmohar Room, Lower Lobby)
10:15-11:30 Plenary Session One: Asia Amid the Global Slowdown (Regal Room, Lower Lobby)
The recent IMF World Economic Outlook projects a pick up in economic activity in 2017 and 2018, especially in emerging and developing economies. However, it also notes a wide dispersion of possible outcomes around the projections, given uncertainty surrounding the policy stance of the incumbent US administration and its global ramifications. Despite predictions of rising economic activity, the IMF cites negative risks which include a global shift towards protectionism, a sharper than expected tightening in global financial conditions that could interact with balance sheet weaknesses in parts of the euro area and in some emerging market economies, increased geopolitical tensions, and signs of a slowdown in China.
For its part, the Organization for Economic Cooperation and Development (OECD), while forecasting a pickup in global growth this year and next, said the pace is still too slow and warned there is much that could derail it. It explained that the global economy may not be strong enough to withstand risks from increased trade barriers, overblown stock markets or potential currency volatility.
Meanwhile, the Asian Development Bank (ADB) says Asia’s economic outlook remains stable despite global uncertainties. Structural reforms to boost productivity, improve the investment climate, and support domestic demand can help maintain growth momentum into the future, the ADB noted.
This session will feature speakers who will share their views and concerns on the prospects of global economic growth, to what extent these may impact on the outlook of the Asian economies, and what policy approach is needed to reinvigorate growth, ensure it is distributed more evenly, and make it durable.
Moderator: Oliver Wyman
Mr. Alexi Chan, Co-Head of the Global Debt Capital Markets, HSBC
Dr. S K Ghosh, Chief Economic Adviser, SBI
Dr. Bejoy Das Gupta, Chief Economist for Asia/Pacific, Institute of International Finance
Dr. Noritaka Akamatsu, Senior Advisor, Financial Cooperation and Integration, Economic Research and Regional Cooperation Dept., Asian Development Bank
11:30-12:45 Plenary Session Two: Brexit and the Trump Presidency: Implications for Asia (Regal Room, Lower Lobby)
The United Kingdom’s decision to leave the European Union (Brexit) on June 23, 2016, and the election of Donald Trump on November 8, 2016 have brought uncertainties – in varying degrees – to the business community worldwide.
President Donald Trump withdrew from TPP (Trans Pacific Partnership) on his first day in office, promised to re-negotiate trade deals such as NAFTA soon, proposed to negotiate one-to-one trade deals with other nations, and threatened to impose tariffs on nations he deems to have an unfair advantage.
From the other side of the Atlantic, UK’s vote against continued membership in the European Union has caused turmoil in Europe and has sent shock waves to the rest of the world, with global stock markets having been hit by around a $2 trillion loss and risk aversion setting in, exposing developing markets to volatility without much liquidity to absorb the shock.
This session will focus discussion on these two important international events and how they might affect the economies of the Asian region. Invited speakers will share their perspectives of what the shift in U.S. economic and trade policy under the Trump Administration (espousing the so-called “America First” policy) mean for Asia, and what they think are the economic consequences of Brexit for the region, what its geopolitical implications are for Asia, what opportunities does this hold for deeper cooperation within existing alliances such as the G20.
Moderator: Mr. Chris Wright, Asia Editor for Euromoney
Preferred: Mr. Robert Fernandez, Head of International Debt Capital Markets Group, Wells Fargo Securities LLC,
Ms. Ho Ching, CEO, Temasek Holdings
Mr. Ruchir Sharma, Head of Emerging Markets and Chief Global Strategist for Morgan Stanley Investment Management
Ms. Nirupama Rao, Former Indian Ambassador to the United States
Mr. Chikahisa Sumi, Director, Regional Office for Asia and the Pacific, IMF
Ms. Priyanka Kishore, Economist, Oxford Economics
12:45-14:15 Lunch (Regal Room Foyer, Lower Lobby)
14:15-15:30 Plenary Session Three – FinTech: Competitor or Collaborator? (Regal Room, Lower Lobby)
Over the past few years, a group of companies has emerged that are harnessing technology to radically change financial institutions and challenge the way things have traditionally been done. Known as FinTechs, these new companies – often start-ups or firms outside the traditional financial sector – have been quicker than banks to take advantage of advances in digital technology, developing banking products that are more user-friendly, cost less to deliver and are optimized for digital challenges. They have come up with ideas that include apps for stock market trading, websites that will help create entirely new currencies, or revolutionary new payment technology. All these ideas have changed the way finance works.
While FinTechs are now capturing a growing market share in these areas, their overall effect on the banking market is still generally seen to be minor. However, analysts believe that by extending the use of data and frictionless processes, FinTechs can and will expand well beyond the confines of payments and consumer credit, and move deeper into middle and back office processes providing new, richer propositions for end customers
This session will invite speakers who will elaborate on the implications of the rapid adoption of new financial technologies for Asian banks; how financial institutions can use technology to serve new customers and adapt to competition from firms outside of the financial sector; whether banks and FinTechs can do better by cooperating rather than by competing with each other; and how they can collaborate by providing each other what they now lack, be that data, brand, distribution or technical or regulatory expertise.
Moderator: Mr. Bhaskar Pramanik, ex-CEO Microsoft India
Mr. Mrutyunjay Mahapatra, DMD & CIO, SBI Representative from the Institute for Development and Research in Banking Technology (IDRBT) (name to be confirmed)
2 Start-ups-1 from Tel Aviv and 1 from India
One of the Asian banks from Indonesia, Malaysia, Thailand (TBC)
Mr. Raphael Goue, Country Manager for China, Indochine and North Asia, European Financial Management Association
15:30-15:45 Coffee Break (Regal Room Foyer, Lower Lobby)
15:45-17:00 Plenary Session Four: Digital and Mobile Banking: What it Means for Customers and Other Stakeholders (Regal Room, Lower Lobby)
The current wave of FinTech-driven change and activity has put pressure on banks across Asia to be more open to adopting new technologies and systems than ever before, and has led to an evolving mix of cooperation and competition between traditional banks and the new non-banks entering the banking sector.
The rapid pace of technological innovation adopted by both banks and FinTechs is expected to disrupt the way all types of business entities operate, from multinational companies to small scale businesses, and even the way individual customers manage their personal finances. These include major changes to payments, business, personal loans, fund raising, money transfers, investing, asset management, and even currencies. FinTech is leveling the financial playing field by making high-level, top-of-the market services more accessible to all kinds of customers, not just institutional clients and high-net-worth individuals.
This session will feature invited speakers who will examine what the so-called FinTech revolution means for the average consumer or business owner, and in what ways is it changing their experience of the financial services industry; for instance, in terms of less reliance on the providers of traditional financial services such as banks, getting a banking service that is built around interactive, mobile-friendly interfaces which emphasize customer experience; and enjoying lower banking fees and faster processing times.
Discussions will also address the issue of how financial regulators can encourage financial innovation while containing the risks associated with these new technologies, ensuring to continually set in place regulations that strike a balance between rapid change, consumer protection, and financial stability.
Moderator: Mr. Deepak I Amin, Director-SBI Central Board
Mr. Bhaskar Pramanik, ex-CEO Microsoft India
Senior Official from two Banks: PT Bank Mandiri / Caixa Bank / Vietnam / Taiwan / Singapore Bank (s)
Mr. Nestor Espenilla, Governor, Bangko Sentral ng Pilipinas (tbc)
Matt Van Buskirk, Co-Founder, Hummingbird Regtech (tbc)
17:00-17:45 34th ABA General Meeting Proper (Regal Room, Lower Lobby)
18:30 Farewell Dinner (Venue: To be advised)