AGENDA
| Day 1, Wednesday, 25 October 2023 | |
|---|---|
| 8:30 am–9:00 am |
Registration and Coffee Venue: Kecak Ballroom Foyer |
| 9:00 am–9:30 am | Welcome Remarks Ms. Dwi Safarina, Head of Reserve Management Analysis and Policy Recommendation Group, Bank Indonesia Keynote Address Mr. Pierre Van Peteghem, Treasurer, Asian Development Bank Venue: Kecak Ballroom |
| 9:30 am–10:25 am | Session 1: Global & Regional Economic and Markets Outlook Format: Short Presentation with Panel Discussion Panelists: Mr. Donghyun Park, Economic Advisor, (Strategic Knowledge Initiatives), ADB Mr. Ng Kheng Siang, Head of Asia Pacific Fixed Income, State Street Global Advisors Mr. Andrew Wood, Director, Sovereign and International Public Finance Ratings, Asia-Pacific, S&P Global Ratings Moderator: Mr. Henry Ma, Senior Economist, Asian Development Bank This panel discussion will focus on the global economic prospects, with emphasis on Asia and the Pacific region. It will cover major developments and their potential impact on economic growth – including recovery from the social and economic impacts of a pandemic, the Russian invasion of Ukraine which has heightened geopolitical risks and confounding the outlook for the world economy, monetary tightening by the United States Federal Reserve and adverse developments such as inflationary pressures and supply disruptions that are intensifying global uncertainty. |
| 10:25 am–10:50 am 10:50 am–11:05 am |
Open Discussion Group Photo Venue: Floating Garden |
| 11:05 am–11:20 am |
Coffee Break Venue: Kecak Ballroom Foye |
| 11:20 am–12:35 pm | Session 2: Managing Large Portfolios in the Current Market Environment Format: Presentation Speakers: Mr. S. Tigor Siagian, Deputy Director, Reserve Management Department, Bank Indonesia Mr. Heung Soon Jung, Head of Investment Strategy Team, Reserve Management Group, Bank of Korea Mr. Marco Oeggerli, Portfolio Manager and Deputy Head of Singapore Branch, Swiss National Bank Mr. Raymond Yip, Senior Director, Fixed Income Division, Hong Kong Monetary Authority Moderator: Mr. Pierre N. Van Peteghem, Treasurer, Asian Development Bank Managers of FX Reserves continue to face a difficult investment environment with a rise in global interest rates in developed economies to control a surge in inflation. In a climate of lower global growth, increasing geopolitical risks, and volatile FX markets, how should portfolio managers invest? How are these factors impacting capital flows, and are all emerging markets equally vulnerable? In this session, reserve managers share their insights and experiences in managing large investment portfolios. |
| 12:35 pm–1:00 pm 1:00 pm–2:00 pm |
Open Discussions Lunch Venue: Suku Restaurant |
| 2:00 pm–2:20 pm 2:20 pm–3:20 pm |
Audience Survey Results Moderator: Mr. Ian Storkey, ADB Consultant Session 3: Green and Transition Finance for Sustainable Investing – Investors’ Perspective Format: Presentation Speakers: Mr. Istvan Attila Veres, Director, Directorate Money and Foreign Exchange, National Bank of Hungary Mr. Raphaël Vives, Head of Singapore Dealing Room, Banque de France Ms. Shu (Grace) Tian, Senior Economist, ADB Moderator: Mr. Jonathan P. Grosvenor, Assistant Treasurer, Asian Development Bank Central banks are increasingly focusing on green and transition finance as governments look to meet the targets that they have set for reducing net zero carbon emissions. While climate change is not a policy matter for central banks to address, a key question is whether central banks should be looking more actively to favor green assets in their FX reserves portfolio as climate change has significant, pervasive effects which can impact on all of the primary objectives of a central bank and therefore they will have no choice but to take climate change into account. In addition, central banks are showing a growing interest in issues of market transparency in green finance, particularly regarding taxonomies, green external review and assessment, and climate transition metrics, frameworks, and market products. Taxonomies are classification systems that define criteria to identify assets, projects and activities with environmental benefits or costs. They are an important tool for achieving high-level environmental objectives such as those established by global accords or national environmental or sustainable development policies. Sustainable investment which encapsulates ESG integration and corporate engagement is also gaining traction. This session will set out recent developments with transitioning to green financing and the impact that this is having on the investment strategies of central banks as well as motivations to follow sustainable investing. |
| 3:20 pm–3:45 pm 3:45 pm–4:05 pm 4:05 pm–4:55 pm |
Open Discussions Coffee Break Session 4: Green and Transition Finance for Sustainable Investing – Issuer’s Perspective Debt management offices and central banks are increasingly focusing on green and transition finance as they become more conscious of the effects of the economic footprint and the benefits of integrating sustainability, mainly by adding ESG considerations into debt issuance and investment decisions. There has been much progress with the development of the sustainable bond market in Asia. However, this presents both challenges and opportunities that developing Asia and Pacific financial sectors face during the transition to net zero emissions. This session will set out recent developments with transitioning to green financing, the development of green and other sustainable development government bonds, and the potential for further development of the markets to meet ESG considerations. |
| 4:55 pm–5:20 pm | Open Discussions |
| 6:45 pm–8:30 pm | Dinner Venue: Ocean Garden Dress Code: Casual Opening speech: Ms. Dwi Safarina, Head of Reserve Management Analysis and Policy Recommendation Group, Bank Indonesia |