Post on 11-Jul-2020
T he 2015 SEACEN Policy Summit (the Summit) is a key strategic initiative of The SEACEN Centre to promote thought
leadership in macroprudential policy, a key central bank area of importance and interest. Macroprudential policy matters are actively discussed within and among central banks and regulatory authorities in the Asia Pacific region and internationally.
As macroprudential policy tools are being designed and implemented, studies are undertaken to determine the effectiveness of these tools. Central banks and regulatory authorities alike, need to acquire more experience on how to design appropriate decision-making processes that lead to the effective coordination between macroprudential policies and conventional monetary policies in the context of each economy and the region.
OBJECTIVE
The main objective of the two-day Summit is for delegates to be able to recommend effective macroprudential measures for implementation in their respective jurisdictions, with practical insights in identifying and addressing issues and challenges. The Summit is targeted at senior officials from SEACEN regular and associate member central banks and monetary authorities; observer central banks; strategic partners, and non-central bank financial sector regulators.
APPROACH
Day 1 of the Summit is organized around two keynote addresses, followed by a panel discussion by renowned experts. Dr. José de Gregorio, former Governor of the Central Bank of Chile, will deliver the first keynote address, and Dr. Halim Alamsyah, Deputy Governor of Bank Indonesia, the second. Each keynote address will be followed by remarks by senior officials of central banks and experts of international institutions; as well as a moderated general discussion with the audience.
The panel of experts will focus on discussion around the effective implementation of macroprudential policies from various perspectives. SEACEN is waiting for a formal confirmation that Sir Paul Tucker, former Deputy Governor of the Bank of England will join the Summit as the keynote dinner speaker. The target audience for Day 1 comprises mainly senior officials of central banks involved in developing and implementing macroprudential policies.
Day 2 of the Summit is organized in two concurrent programs:
vThe first program is a closed-door meeting which is opened only to senior officials of SEACEN member central banks at the level of or equivalent to Assistant Governor, where active deliberation will focus on the effective implementation of macroprudential policies in SEACEN member economies and the region.
vThe second program is a Forum which is opened to other Summit delegates, where selected research papers will be presented by the respective authors, for deliberation with the audience comprising other researchers and delegates.
REGISTRATION
Registration for the Summit is implemented by online registration at:
https://fs22.formsite.com/SEACEN/summit2015/index.html
CONTACT PERSONS
Should you require any clarification, please contact the following SEACEN officials:
Ms. Gan Poh LinSenior ManagerTel. No.: +603 9195 1814Email: ganpl@seacen.org
Mr. Chong Wei LengManagerTel. No.: +603 9195 1855Email: chongwl@seacen.org
2015 SEACEN Policy Summit:“Macroprudential Policies: Practical Implementation”
7 – 8 September 2015, Sasana Kijang, Kuala Lumpur, Malaysia
PROVISIONAL SUMMIT AGENDA
DAY 1: 7 SEPTEMBER 2015
Time Agenda Resource Speakers
8.30 – 9.45 Registration & Networking Break
9.45 – 10.00 Opening Remarks Dr. Hans Genberg, Executive Director, The SEACEN Centre
10.00 – 12.00 Keynote Address: “Macroprudential Policies: The Latin American Experience”
Remarks by Discussants
Moderated General Discussion
Dr. José de Gregorio, former Governor of the Central Bank of Chile
Moderator:Dr. Hans Genberg, Executive Director, The SEACEN Centre
Discussants:tDr. Sukhdave Singh, Deputy Governor, Bank
Negara MalaysiatMr. Nigel Jenkinson, Assistant Director,
Money & Capital Markets Department, International Monetary Fund
12.00 – 13.30 Lunch
13.30 – 15.30 Keynote Address: “Coordinating Monetary Policies and Macroprudential Policies: Asia-Pacific Experience”
Remarks by Discussants
Moderated General Discussion
Dr. Halim Alamsyah, former Deputy Governor, Bank Indonesia
Moderator:Mr. Michael Zamorski, Adviser, The SEACEN Centre
Discussants:tMr. David Farelius, Adviser, Sveriges
RiksbanktMr. Michael Zamorski, Adviser, The
SEACEN Centre
15.30 – 16.00 Coffee Break
16.00 – 17.30 Panel Discussion: “Implementation of Macroprudential Policies”
Moderated General Discussion
Chair:Mr. David Marsh, Managing Director and Co-Founder, Official Monetary and Financial Institutions Forum
Panelists:tMr. Diwa C. Guinigundo, Deputy Governor,
Bangko Sentral ng Pilipinas tSir Paul Tucker, former Deputy Governor,
Bank of EnglandtMr. Nigel Jenkinson, Assistant Director,
Money & Capital Markets Department, International Monetary Fund
tMr. Bernard Hodgetts, Head of Macro Financial Department, Reserve Bank of New Zealand
18:30 - 20:30 Summit Dinner (with Keynote Dinner Talk)
Sir Paul Tucker, former Deputy Governor, Bank of England
CLOSED-DOOR MEETING(SEACEN REGULAR MEMBER CENTRAL BANKS ONLY)
DAY 2: 8 SEPTEMBER 2015
Time Agenda Audience
8.45 – 9.00 Photography
9.00 – 10.30 Closed-door discussion on issues and discussion questions identified in a background note prepared by SEACEN
Session 1: Financial Stability Threat Detection and Macroprudential Policy Tools
Chair:SEACEN Official
Senior Officials of SEACEN regular member central banks
10.30 – 11.00 Coffee Break
11.00 – 12.00 Closed-door discussion
Session 2: Regional Experiences in Implementing Macroprudential Measures and Policy Complementarities
Chair:SEACEN Official
Senior Officials of SEACEN regular member central banks
12.00 – 13.30 Lunch
13.30 – 15.00 Closed-door discussion
Session 3: Political Challenges and Avoiding Regulatory Arbitrage
Chair:SEACEN Official
Senior Officials of SEACEN regular member central banks
15.00 – 15.30 Coffee Break
15.30 – 17.00 Closed-door discussion on issues and discussion questions
Session 4: Central Bank Governance Considerations
Chair:SEACEN Official
Senior Officials of SEACEN regular member central banks
DAY 2: 8 SEPTEMBER 2015
Spillovers and Macroprudential Polices
Time Topic Author(s) Presentator Discussant
8:45 – 9:30 Correlations Across Asia-Pacific Bond Markets and the Impact of Capital Flow Measures
Pornpinun Chantapacdepong & Ilhyock Shim
Pornpinun Chantapacdepong
Maria Teresa Punzi
9:30 – 10:15 Comparative Assessment ofMacroprudential policies
Valentina Bruno,Ilhyock Shim &Hyun Song Shin
Ilhyock Shim Silvia Pezzini
10:15 – 11:00 Inward Spillover Effect of Macro-Prudential Policies – Evidence from Foreign Banks in Hong Kong
Eric Wong & Kelvin Ho
Kelvin Ho Pornpinun Chantapacdepong
11:00 – 11:15 Tea
Effectiveness of Macroprudential Policies: Case Study
11:15 – 12:00 Evaluation on the Usefulness of the Loan-To-Deposit Ratio Regulation- From the Macroprudential Policy Perspective
Hyunggeun Park, Hyunwoo Jun & Dokyung Lee
Hyunggeun Park Pei-Wen Chen
12:00 – 12:45 The Impact of Capital Requirements on Bank Lending
Jonathan Bridges, Mette Nielsen, Amar Radia,David Gregory, Silvia Pezzini & Marco Spaltro
Silvia Pezzini Hyunggeun Park
12:45 – 14:00 Lunch
14:00 – 14:45 The Housing Market and Central Banking Policy Implications: Chinese Taipei’s Experiences
Pei-Wen Chen Pei-Wen Chen Kelvin Ho
PRESENTATION OF RESEARCH PAPERS*
Effectiveness of Macroprudential Policies: Cross-Economy Analysis
Time Topic Author(s) Presentator Discussant
14:45 – 15:30 Buffer or Suffer, Does Macroprudential Policy actually Help Countries Preserve their Financial and Economic Stabilities? Evidence from Panel VAR
AekkanushNualsri & Nongjaras Thanavibul
AekkanushNualsri/ Nongjaras Thanavibul
Wenwen Sheng
15:30 – 15:45 Tea
15:45 – 16:30 LTV and DTI Limits—Going Granula Luis I. Jácome & Srobona Mitra
Luis I. Jácome Ilhyock Shim
16:30 – 17:15 Macro-Prudential Policies & Capital Controls, Financial Development and the Interaction Effects on External Debt Liabilities
Wenwen Sheng Wenwen Sheng Aekkanush Nualsri
Modelling Macroprudential Policies: The DSGE Model
17:15 – 18:00 Borrower Heterogeneity within the Mortgage-Lending Market and Macroprudential Policy
Maria Teresa Punzi &Katrin Rabitsch
Maria Teresa Punzi
Luis I. Jácome
* Chair for all Sessions: Vincent Lim, SEACEN