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THURSDAY 1 JULY
9.30 am - 5.30 pm
Session One
Overview
- To what extent has there been a fundamental shift in developing economies?
- Are developing economies providing an optimal climate for investment? What more or less could developing economies do to promote investment?
- What will be the impact of the new international regulatory framework on domestic financial markets and international flows?
Chair
Danny Quah
Professor of Economics and Co-Director LSE Global Governance
London School of Economics
Keynote Speakers
Mehmet Şimşek (on the record)
Minister of Finance
Turkey
Questions and discussion (under Chatham House Rule)
Janamitra Devan (on the record)
Vice President and Head of Network, Financial and Private Sector Development, World Bank-IFC
High Level Panel discussion: Financial Flows
- What policies would best deepen and boost financial markets?
- Are there risks of too much openness for developing countries? Do large investment flows create a risk of destabilization? If so, can the risk be mitigated without discouraging investors?
- What are the best incentives to attract investment flows?
- What steps can be taken to increase liquidity in trade finance?
Keynote Speaker
José Darío Uribe Escobar (on the record)
Governor
Central Bank of Colombia
Questions and discussion (under Chatham House Rule)
Speakers
Ayhan Kose
Assistant to the Director, Research Department
International Monetary Fund
Federico Rubli
Director of External Relations
Central Bank of Mexico
Kenneth Orchard
Vice President, Senior Credit Officer
Public Finance Group
Moody's Analytics
11.20 Refreshments
Session Two
Market Structure
- How developed are the fundamental elements of financial systems, such as banks, pension funds, and capital markets in emerging and developing markets? What can be done to strengthen them and increase their efficiency?
- At what point do capital markets take off? Is there a benefit to be had from creating larger, regional capital market centres? Can they adequately service smaller countries' needs?
- Bond markets development: to what extent are domestic markets now players in international markets? What role can credit rating agencies play in their development?
- Equity markets: is the rise in dual listings a reflection of equity market maturity?
- How can competition be encouraged within the banking sector?
- How can banking skills be boosted?
Chair
Dr Nkosana Moyo
Vice President and Chief Operating Officer
African Development Bank
Keynote Speakers
Youssef Boutros-Ghali (on the record)
Minister of Finance
Egypt
Questions and discussion (under CH Rule)
Sanusi Lamido Sanusi (on the record)
Governor
Central Bank of Nigeria
Questions and discussion (under CH Rule)
Speakers
Nicholas Kwan
Head of Research, East
Standard Chartered Bank
Nadim Najjar
Managing Director, East Mediterranean & North Africa
Thomson Reuters
John Ngumi
Director, Investment Banking East Africa
Standard Bank Group
James Benoit
Chief Executive
AfrAsia Bank Ltd
13.30 Lunch
Session Three
Boosting Consumer Finance
- How can policymakers and the private sector work together on access to finance? What innovative policies are there to stimulate financial inclusion?
- What is the role of regulators?
- How can local lending be boosted whilst strengthening risk management practices?
- How can financial solutions be tailored to meet local needs? eg private/public funding partnerships such as credit guarantee schemes, 'low start' loans, payroll lending
- What are the successful models for scaling up microfinance?
- How can leapfrogging technology solutions be scaled up across developing markets? What lessons have been learned?
Chair
Mark Napier
Financial Inclusion Specialist
Speakers
Gabriel Davel
CEO
The National Credit Regulator, South Africa
Robert Annibale
Global Head of Microfinance
Citigroup
Cenk Serdar
Mobile Payments Director
Vodafone
Grant Kurland
Chief Executive
Bayport Financial Services
Questions and discussion
15.40 Refreshments
Session Four
Sources of Business Finance
- What innovations in access to finance exist? Are they transferable? What can governments do to provide incentives to the private sector to increase access to business finance?
- What are the different kinds of capital requirements, by size and type? Where are the biggest gaps in meeting this demand?
- What are the roles of venture capital, business angels, stock markets, diaspora funds, and remittances in providing funding for equity?
- What are the barriers to equity finance (costs, information, transparency, culture) and how can they be overcome?
- The role of banks in harnessing local private wealth
- What role can remittances play in the functioning of financial markets?
- What can be done to build a more robust information architecture? (credit histories, accounting records, credit ratings, identity verification) Are there some short cuts? What are the roles of local and international credit rating agencies?
Chair
Vanessa Rossi
Research Fellow
Chatham House
Keynote Speaker
S Sridhar (on the record)
Chairman and Managing Director
Central Bank of India
Questions and discussion (under Chatham House Rule)
Speakers
Stuart Fraser
Chairman, Policy and Resources Committee
City of London
Dilip Ratha
Lead Economist, Migration and Remittances Team
Development Prospects Group
The World Bank
Dr Hani Sarie-Eldin
Founder & Managing Partner - Sarie-Eldin & Partners Legal Advisors
Chairman, Middle East Center for Law and Development and
Former Chairman, Capital Market Authority, Egypt
Mark Richards
Partner
Actis
Questions and discussion
17.50 End of conference and drinks reception hosted by Chatham House
© The Royal Institute of International Affairs 2010
The Chatham House Rule
To enable as open a debate as possible, this conference will be held under the Chatham House Rule.