The 4th Joint Regional Financing Arrangement (RFA) Research Seminar (Virtual)
Date & Time: Wednesday and Thursday, December 16 – 17, 9pm – 10.30pm (Singapore Time)
Contact: enquiry@amro-asia.org
The 4th Joint Regional Financing Arrangement (RFA) Research Seminar co-organized by the ASEAN+3 Macroeconomic Research Office (AMRO), the European Stability Mechanism (ESM), and the Fondo Latinoamericano de Reservas (FLAR), will be held on December 16 and 17, 2019 virtually. The seminar is an annual event aiming at bringing academics and institutions together to discuss key issues pertaining to global and regional financial stability. This year, presenters will be speaking about increasing the resilience of the financial sector post-COVID-19 and highlighting the regional and global perspectives on financial stability.
The audience will be a mix of academics, economists from central banks and finance ministries, representatives from RFAs, the IMF, and other institutions.
The event is by invitation only.
16 December 2020 (Wednesday)
Academic Session: Financial sector developments and diagnosis of financial stability risks in times of COVID-19
The COVID-19 crisis, set against the background of persistently low interest rates and weak global economic activity, has the potential to magnify challenges in the financial sector already present before the pandemic. This session consists of a stocktaking of emerging risks to global and regional financial stability due to the COVID-19 crisis. This will be followed by three presentations that will look more closely at: (i) bank business models after the pandemic; (ii) the Latin American financial sector in and beyond the pandemic; and (iii) credit and contagion risks among Asian financial institutions.
Moderator: Daragh Clancy
| Time (CET) | Program |
| 14:00 – 14:05 | Introduction:
Daragh Clancy, European Stability Mechanism |
| 14:05 – 14:15 | Emerging risks to financial stability due to the COVID-19 pandemic
Fabio Natalucci, Deputy Director, Monetary and Capital Markets Department, IMF |
| 14:15 – 14:30 |
Bank business model in the post COVID-19 world Xavier Vives, Professor of Economics and Finance at IESE Business School |
| 14:30 – 14:45 |
Sound banks for healthy economies: Challenges for policymakers in Latin America and the Caribbean in times of coronavirus Liliana Rojas-Suarez, Director of the Latin America Initiative and senior fellow at the Centre for Global Development |
| 14:45 – 15:00 |
Covid, credit, and contagion risks to ASEAN+3 financial systems Wei Sun, Financial Specialist, AMRO |
| 15:00 – 15:10 |
Discussant: Gong Cheng, Bank for International Settlements |
| 15:10 – 15:30 |
Q&A and closing remarks |
17 December 2020 (Thursday)
Policy panel: The financial sector after COVID-19 – challenges and opportunities ahead
As outlined in the previous session, the COVID-19 crisis has amplified existing vulnerabilities in the financial sector. In addition, it has accelerated trends related to digitalisation and climate change that were already taking place before the pandemic hit. This roundtable will consider policy avenues in the next phases of the crisis to contribute to a resilient financial sector post-COVID-19 that would continue to absorb rather than magnify stresses. By considering global and regional perspectives and leveraging knowledge across stakeholders, it will aim to inform the academic and policy debate as we prepare for the financial landscape of the next decade.
Moderator: Thomas Wieser
| Time (CET) | Program |
| 14:00 – 14:05 | Welcome by the moderator
Thomas Wieser |
| 14:05 – 14:15 | Keynote speech
Benoît Cœuré, Head of the BIS Innovation Hub, Bank for International Settlements |
| 14:15 – 15:15
Q&A integrated in the panel conversation |
Sonja Gibbs, Managing Director and Head of Sustainable Finance, Global Policy Initiatives, Institute of International Finance Ceyla Pazarbasioglu, Director, Strategy, Policy and Review Department, International Monetary Fund Declan Costello, Deputy Director-General, ECFIN, European Commission Jorge Ponce, Head of Economic Research Department, Central Bank of Uruguay Hoe-Jeong Kim, Standing Audit Commissioner at Korea Exchange and AMRO Advisory Panel Member |