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FT-YES BANK International Banking Summit 2012 Summit

Monday, 15 October 2012 | 10:15 AM

Event Description

Overview of 2012 Summit

The global economic turbulence over the past four years has had a profound effect on the world's financial and banking systems, exposing vulnerabilities and defects that lay unseen during the good times. They are still at risk from recession in the eurozone, persistent fragilities in other developed countries, and slacker growth in emerging markets.

For the global economy and financial system to truly get back on track will require fundamental changes, including the reworking of fiscal and monetary policies, a scrutiny and correction of what failed in the equity, debt and currency markets, tighter control on public and private indebtedness, a closer appreciation of social and demographic upheaval, and a change in banking and financial institutions.

How the world's banks re-boot themselves will determine whether they will be pale or potent in the coming decade. There are many variables to consider: a country's economic fortunes; liquidity risks, deployment of private capital in key sectors, balance-sheet contraction and deterioration, as well as sovereign risk, to name a few.

The 2nd edition of the International Banking Summit organized by the Financial Times and YES BANK, on the theme Stress or Stability? Re-aligning the Global Banking System'will bring together senior bankers, economists, thought leaders, policy-makers and regulators from around the world for a two-day analysis of how global banks and financial institutions can find durable stability, and the opportunities and dangers that lie in their way, with an eye on what this will mean for India, one of the world's fastest-growing major economies

Event Description

Day 1

Day 1 - October 15, 2012Day 2 - October 16, 2012

9:00 am

Breakfast and Registration

10:00 am

Welcome by FT
James Lamont, Managing Editor, Financial Times

10:10 am

Welcome by YES BANK
Rana Kapoor, Summit Chair
Founder, Managing Director and CEO, YES BANK

10:30 am

Keynote Address:Chief Guest
Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, Government of India

11:00 am

Keynote Address: Our Unsettled Globe
Strobe Talbott, President, Brookings Institution
Introduced by Victor Mallet, South Asia Bureau Chief, Financial Times

11:30 am

Keynote Conversation with the Financial Times
N.R. Narayana Murthy, Founder and Chairman Emeritus, Infosys
In Conversation with James Lamont, Managing Editor, Financial Times

12:00 noon

Panel Discussion: Panel Discussion: Coping With Global Economic Volatility and a New Regulatory Landscape - How Should Banks Respond?
Global economic recovery is at risk from brittleness in the eurozone and weakness in other developed countries such as the US. It is also putting further strain on banks, already burdened by greater regulatory oversight following the 2008 financial crisis. How should banks navigate this volatility? What can be learned from the institutions that not only survived the financial crisis but have recovered strongly since then? What were the strategies that kept them safe? How should banks now be responding? Should they re-assess sovereign risk because of the high component of sovereign paper in their investment portfolios? What are the policy and practical actions that can lead to long-term financial security -- rigorous stress tests for banks, enforcing market discipline, liquidity risk assessments, recapitalisation, or even closure of ailing financial institutions? Should banks continue to work as supermarkets or be broken up into specialised businesses? What is the most effective banking structure for the new global financial, economic and regulatory landscape?

William Blackie, Head of Investment Banking, South Africa, Standard Bank
M. Damodaran, Chief India Representative, ING Group and former Chairman, Securities and Exchange Board of India
Victor Massiah, CEO, UBI Banca
HaseebDrabu, Economic Advisor, Essar Group Shubhada Rao, President & Chief Economist, YES BANK

Moderator: Victor Mallet, South Asia Bureau Chief, Financial Times

1:00 pm

Lunch

2:30 pm

Session Keynote: Gauging the Potential of Emerging Markets – Can Growth Be Achieved With Durable Financial Stability?
Anand Sinha, Deputy Governor, Reserve Bank of India

2:40 pm

Panel discussion: Gauging the Potential of Emerging Markets – Can Growth Be Achieved With Durable Financial Stability?
As developed economies falter, institutional investors, asset managers, private equity firms and investment banks are pinning their hopes for global growth on emerging markets. Developing economies already account for around half of global GDP on a purchasing power parity basis, and are contributing two thirds of the world’s GDP growth. But how can future economic success be assured? As the BRICS mature, and begin to grapple with economic, monetary and fiscal imbalances. what are the policies required to maintain their competitiveness and resilience, as well as their financial stability? As strategists broaden their view on the emerging markets that will be future drivers of global economic growth, how are asset owners and managers positioning themselves for these new opportunities? What are the key areas of political and economic risk? To what extent will future growth in emerging markets depend on growth in the developed world? Although the current volatility in the West may constrain capital flows to emerging economies, will the globe eventually see an economic decoupling between the two blocs? What can emerging-market regulators and their financial institutions learn from the crises in the developed world?

Anand Sinha, Deputy Governor, Reserve Bank of India
Rana Kapoor, Founder, MD & CEO, YES BANK
Bunt Ghosh, Head of Emerging Market Strategy for Asset Management, Credit Suisse
Sunil Godhwani, Chairman and Managing Director, Religare
M. Narendra, Chairman and Managing Director, Indian Overseas Bank
SizweNxasana, CEO, FirstRand Group

Moderator: Henny Sender, Chief International Finance Correspondent, Financial Times

3:55 pm

Networking Break

4:25 pm

Session Keynote: Social Banking and Finance – Opportunities in Inclusion
K.C. Chakrabarty, Deputy Governor, Reserve Bank of India

4:35 pm

Panel discussion: Social Banking and Finance – Opportunities in Inclusion
In today’s rapidly urbanising world, agriculture as a means of employment and welfare has deteriorated, leaving hundreds of millions of rural people socially and economically disadvantaged. Social banking and social finance are ways to correct that imbalance and achieve inclusive economic growth. More importantly, they can help to create a more durable financial and banking system, where investment and lending practices generate not only profit but also long-term positive effects. But in a competitive environment, is social banking viable? Are the highly profit-driven, private-sector banks failing to deliver inclusive growth? Should they be obliged to do so? Where are the best opportunities in social banking – loans for education, credit flows to the agriculture sector, or financing support for small and medium-sized enterprises? What are some of the innovations that social banking has brought to the financial system?

K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Y.M. Deosthalee, Chairman and Managing Director, L&T Finance
Ajai Kumar, Chairman and Managing Director, Corporation Bank
Leonardo Rubattu, General Manager, IccreaBanca
M.V. Tanksale, Chairman and Managing Director, Central Bank of India
R.V. Verma, Chairman and Managing Director, National Housing Bank
Ajay Desai, Chief Financial Inclusion Officer, YES BANK

Moderator: James Crabtree,Mumbai Correspondent, Financial Times

5:50 pm

Closing Keynote Address
M. VeerappaMoily, Minister of Corporate Affairs, Government of India

7:00 pm

Cocktail Reception and Dinner

 

Day 2

Day 1 - October 15, 2012 | Day 2 - October 16, 2012

9:00 am

Breakfast

10:00 am

Introduction to Day Two
Victor Mallet, South Asia Bureau Chief, Financial Times

10:05 am

Session keynote: Efficiency, Productivity and Profitability - How Emerging Market and International Banks Measure Up

10:15 am

Panel discussion: Efficiency, Productivity and Profitability - How Emerging Market and International Banks Measure Up
The meltdown of the global economy, which left many US and European banks badly hurt, has highlighted more than ever the need for global best practices that truly balance productivity and profitability. Although caution may have kept many conservative Asian public-sector banks safe, the same trait has also severely crimped their productivity. By contrast, private-sector banks in general have been bolder, more efficient and comparatively more profitable. What are the parameters to determine efficiency in different types of banks: customer experience, attracting and keeping talent, leveraging information technology knowledge and capabilities, etc? How do emerging market and international banks fare on the efficiency barometer? What financial measures and regulations could be introduced to enhance efficiency?

Diwakar Gupta, Managing Director and Chief Financial Officer, State Bank of India
B.A. Prabhakar, Chairman and Managing Director, Andhra Bank
Shantanu Prakash, Chairman and Managing Director, Educomp Solutions
D. Sarkar, Chairman and Managing Director, Union Bank of India
AnujVaid, General Manager and BFSI Vertical Head, Wipro Infotech
Amit Sethi, Chief Information Officer, YES BANK

Moderator: James Crabtree, Mumbai Correspondent, Financial Times

11:30 am

Networking break

12:00 noon

Session Keynote: Managing Currency and Interest Rate Risks H.R. Khan, Deputy Governor, Reserve Bank of India

12:10 pm

Panel discussion: Managing Currency and Interest Rate Risks - New Challenges for Banks and Corporations
Global economic volatility has produced sharp moves in the foreign exchange markets, sometimes accompanied by desperate policy measures to either reflate or deflate domestic economies. Some emerging market giants like Brazil have seen their currencies shoot up, undermining export competitiveness, while the Indian rupee remains pressured by a combination of weak growth and inflationary pressures. It remains to be seen to what extent the Chinese authorities will continue to loosen restrictions on the renminbi and how that will affect global trade. The outlook for interest rates also remains uncertain, with policy-makers having to choose between controlling inflation and reviving economic growth. This unstable environment is posing new challenges for banks and their corporate clients seeking to manage risk and find viable investment and commercial opportunities. How are banks assessing and pricing risk, and are they ensuring that corporations, whether big or small, are able to get funding for viable ventures? Are banks helping their clients effectively hedge currency and interest rate volatility? As corporations increasingly venture into new markets in search for growth, are banks equipped to support that expansion? In what areas do corporates feel that they need better support from their partner banks?

H.R. Khan, Deputy Governor, Reserve Bank of India
TaimurBaig, Chief Economist, India/Indonesia/Singapore, Global Markets Research, Deutsche Bank
N. Shankar, Chairman and Managing Director, Export Credit Guarantee Corporation of India
Arun Sharma, Chief Investment Officer, Global Financial Markets, IFC

Moderator: James Lamont,  Managing Editor, Financial Times

1:25 pm

Lunch

2:55 pm

Keynote Address or FT Interview

3:25 pm

Session Keynote: Future Global Hubs of Banking and Finance - a New Guard or the Status Quo?

3:20 pm

Panel discussion: Future Global Hubs of Banking and Finance - a New Guard or the Status Quo? 
Global banks, businesses and bourses usually set up in cities with important international financial markets and trade. As global demographics shift in the 21st Century – the birth rate is declining in Europe, Japan, and soon even China – so too will the patterns of capital investment, trade flows and resource consumption. This should lead to the emergence of new financial hubs, including in India, which will jostle for prominence with the established financial centres. But before they can challenge the old guard, the newcomers will have to meet the requirements of their new international focus. They will need to ramp up in key areas: greater transparency in shareholder rights, enhanced standards of compliance and vigilance, and better technical connectivity, for example. Can they make the grade? Will the more established hubs continue to dominate? Or will emerging financial hubs simply gain a share of a growing global pie?

Ashishkumar Chauhan, Interim CEO, BSE
Prabhu Chawla, Editorial Director, New Indian Express Group
RakeshJhunjhunwala, CEO, Rare Enterprises
Jeff Singer, Chief Executive Officer, Dubai International Financial Centre Authority

Moderator: Victor Mallet,South Asia Bureau Chief, Financial Times

4:50pm

Networking break

5:20 pm

Session Keynote: Tackling the Dual Mandates of Reform and Stability SubirGokarn, Deputy Governor, Reserve Bank of India

5:30 pm

Regulators’ Roundtable: Tackling the Dual Mandates of Reform and Stability
Regulatory reforms such as Basel III and the Dodd-Frank Act aim to dampen some of the risk-reward impulses within the banking industry that led to the financial crisis. Requirements for banks’ capital, liquidity and leverage are higher and tighter. Stronger rules on corporate governance, stress testing, risk management, proprietary trading and lending practices are other priorities. But the financial safety that these tougher measures are designed to bring may come at a price. At a time when investment is sorely needed, will risk-averse investors hold back, intimidated by narrow returns? Will the smaller banks be squeezed out, and the bigger banks see greater pressure on margins? Will the cost and consequences of stronger compliance and stricter regulations hamper a global economic recovery? How are central banks and other agencies managing to combine the dual mandates of regulating banks and keeping the financial system running? How prepared are they, for instance, to deal with the impact on the banking sector of a eurozone sovereign default?
Anne Le Lorier, First Deputy Governor, Banque de France
Ricardo Franco Moura, Senior Advisor to the Board, Central Bank of Brazil
Anoop Singh, Director, Asia and Pacific Department, International Monetary Fund
Moderator: Henny Sender, Chief International Finance Correspondent, Financial Times

6:45 pm

Closing remarks 
Rana Kapoor, Summit Chair Founder, Managing Director and CEO, YES BANK

7:00 pm

Closing Cocktail Reception

Monday, 15 October 2012 | 10:15 AM

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