EVENT
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November
15-16
2011Financial Sector Regulation for Growth, Equity and Stability in the Post Crisis World
| Date : | November 15-16, 2011 |
| Venue: | The Trident, Mumbai |
| About the Conference In the post crisis world, the financial sector regulatory regime is undergoing significant changes. The impact of the crisis and the responses have varied across the developed and emerging market economies (EMEs). In order to explore the implications of the emerging financial sector regulation for growth, equity and stability in the post-crisis world, CAFRAL together with the Bank for International Settlement (BIS) is organizing this Conference for central banks and regulators. SCHEDULE AND OUTLINE OF THE CONFERENCE For full document click here  Day 1 - November 15, 2011 (Tuesday) Welcome Address by Smt. Usha Thorat - Director, CAFRAL Inaugural Session - 11.45 am to 12.45 pm Address by D. Subbarao, Governor, RBI and Jaime Caruana, General Manager, BIS Session I - 2.00 pm to 4.00 pm "Financial Sector Regulation and Implications for Growth in the Post Crisis World" Chair: Andrew Sheng, Chief Adviser to the China Banking Regulatory Commission - Opening Remarks Background paper presented by: Anand Sinha, Deputy Governor, RBI Outline: In developing economies, financial sector policies are expected to be tuned to sub-serve the broad objective of ensuring growth with equity. This session will discuss the regulatory philosophy in relation to growth and development in the precrisis, mid-crisis and post-crisis periods with a focus on EMEs. Specific questions that could be explored in this session are:
Summary of the Discussions Session II - 4.30 pm to 6.30 pm "Implications of Financial Sector Regulation for Equity in the Post Crisis World – Too big to fail vs Too small to be counted" Chair: Stephany Griffith-Jones, Financial Markets Programme Director, Columbia University - Opening Remarks Background paper presented by: M S Sriram, Consultant and former Professor, Indian Institute of Management, Ahmedabad Outline: Regulation of the financial sector is embedded in the larger economy and has implications on the economic behavior. The issues surrounding equity have not received attention in financial sector regulation to the same extent as growth and stability. Yet its implications for large segments of the population, especially in the developing world, are profound. Specific questions that could be explored in this session are:
Summary of Discussions Day 2 - November 16, 2011 (Wednesday) Special Address- 10.00 am to 10.45 am "Regulation of Financial Sector in the Macro Policy Context" Y. V. Reddy, Former Governor, RBI Summary of Discussions Session III - 11.00 am to 1.00 pm "Macro perspectives on Financial Stability in EMEs" Chair: John Lipsky, former Deputy Managing Director, IMF currently Special Advisor to the Managing Director, IMF – Opening Remarks Background paper presented by: Philip Turner Deputy Head, Monetary & Economic Dept., BIS, Outline: The risks affecting the financial system are not simply aggregations of the risks of individual institutions. This so-called "systemic" aspect of risk has at least three dimensions viz. macroeconomic variables beyond the control of domestic monetary or fiscal policies, externalities and pro-cyclicality. The financial system may amplify macroeconomic or global financial system shocks. Specific questions relevant to EMEs that could be explored in this session are:
Summary of Discussions Overview by Usha Thorat, Director, CAFRAL Webcast Part 1 Part 2 Images of the Conference |