Events

Global Financial Development Report 2017/2018: Bankers without Borders

April 12, 2018

World Bank Malaysia Office, Forum, 1st Floor, Sasana Kijang, No. 2, Jalan Dato’ Onn, Kuala Lumpur

The launch of the Global Financial Development Report 2017/2018: Bankers without Borders in Kuala Lumpur for the East Asia and Pacific Region is jointly organized by the World Bank Malaysia Hub and Bank Negara Malaysia. Key findings from the report will be presented by one of its lead authors, Ata Can Bertay (Research Economist, Development Research Group, World Bank). The Global Financial Development Report (GFDR) is a flagship global publication prepared by the World Bank every two years. The 2017/2018 report analyses the benefits and costs of international banking. Countries that are open to international banking can benefit from global flows of funds, knowledge, and opportunity, but the regulatory challenges are complex and, at times, daunting.

The World Bank report, Bankers without Borders, is not associated with the Grameen Foundation’s Bankers without Borders program, which engages volunteer consultants to donate their expertise to serve social enterprises and nonprofits in poor countries. For more information, visit: https://www.bankerswithoutborders.com.

PROGRAM
SPEAKERS
MATERIALS

Time	Agenda
9.00 am - 9.30 am	Arrival of Guests
9:30 am – 9:45 am	Welcome Remarks Abdul Rasheed Ghaffour (Deputy Governor, Bank Negara Malaysia) Norman Loayza (Lead Economist, Development Research Group, World Bank)
9:45 am – 10:30 am	Presentation of Key Findings of “GFDR 2017/2018: Bankers without Borders” Ata Can Bertay (Research Economist, Development Research Group, World Bank)
10:30 am – 11:30 am	Panel Discussion: The Future of International Banking - Benefits and Costs Panelists: Boedi Armanto (Deputy Commissioner, Banking Supervision, Otoritas Jasa Keuangan (OJK), Indonesia) Aznan Abdul Aziz (Director, Financial Sector Development Department, Bank Negara Malaysia) Kenichiro Kashiwase (Deputy Head of Office, Regional Office for Asia and the Pacific. International Monetary Fund) Donald Hanna (Group Chief Economist, CIMB) Sadiq Currimbhoy (Global Strategist, Maybank Kim Eng) Moderator: Jose de Luna-Martinez (Lead Financial Sector Specialist, World Bank)
11:30 am – 12.00 noon	Q&A
12:00 noon	End. Light lunch will be served

Aznan Abdul AZIZ

Director, Financial Sector Development Department, Bank Negara Malaysia
Aznan Abdul Aziz is the Director of Financial Sector Development Department of Bank Negara Malaysia. The department is responsible for developing strategic plan for the overall development of the financial system and coordinate policy direction and initiatives involving financial institutions, infrastructure and legislation. He is also the Chairman of the Financial Technology Enabler Group that is responsible for developing strategies and regulatory policies to facilitate the use of technology in financial services. He previously served as the Director of Financial Intelligence Unit, which is responsible for anti-money laundering policy and regulations, and has served in a number of different capacities in banking regulation, supervision and surveillance departments. Prior to joining Bank Negara Malaysia, he was the Assistant General Manager of Danamodal Nasional Berhad, the special purpose vehicle established to recapitalise distressed financial institutions during the 1997 Asian Financial Crisis. He holds a degree in Economics and Accounting from the University of Bristol, England.

Ata Can BERTAY
Research Economist, Development Research Group, World Bank
Ata Can Bertay is a Research Economist at the World Bank's Development Research Group leading the Global Financial Development Report (GFDR) 2017-2018: Bankers without Borders on international banking. He is on leave from his position as an assistant professor of finance at Ozyegin University, Istanbul. He received his BA in Economics from Boğaziçi University (2008), his MSc (2010), and his PhD in Economics (2014) from Tilburg University. From 2010 to 2012, he worked at the World Bank as a consultant in the research group. He also visited the New York University, Stern School of Business as a visiting scholar in 2013. His research interests include banking, financial economics and macro-finance, and his research has appeared in journals such as the Journal of Financial Stability, Journal of Banking and Finance, and Journal of Financial Intermediation.

Sadiq CURRIMBHOY

Global Investment Strategist, Maybank Kim Eng
Sadiq Currimbhoy is Maybank Kim Eng's Global Investment Strategist. He has both buy-side and sell-side experience, and has been in financial services since 1995 working in New York, London, Hong Kong and Singapore. On the sell-side, he had two periods at what is now Bank of America Merrill Lynch and was ranked by Institutional Investor magazine for Asia Strategy both times. He was also at one point, Global Sector Strategist. In between his Merrill stints, he was Global Strategist on the NewSmith Global Opportunities Fund, a multi-asset hedge fund. He has a BSc (Economics), Honours from the London School of Economics and a PhD in Economics from the University of Pennsylvania.

Jose DE LUNA-MARTINEZ
Lead Financial Sector Specialist, World Bank
José de Luna Martínez is based in Kuala Lumpur, Malaysia, representing the Finance and Markets Global Practice of the World Bank in Southeast Asia. He works with ASEAN member countries to advance regional financial integration and enhance financial stability. During his career at the World Bank, Jose has worked in 37 countries around the world leading teams of experts on bank regulation, financial sector restructuring, development banks, migrant remittances, access to finance, and SME finance. Early in his career, Jose worked at the Bank and Securities Commission of Mexico where he served as Director of Bank Supervision and participated in the resolution of Mexico’s banking crisis of 1994-95. Between 2007 and 2010, he served as Chief Economist and Deputy Managing Director of Financiera Rural, a financial institution serving the agribusiness sector and SMEs in Mexico. José holds a B.A. in Public Administration from El Colegio de México and a Ph.D. in Political Economy from the Free University of Berlin. He is author of several publications on international finance. In 2000, he was the recipient of the Jacques de Larosiere Award granted by the Institute of International Finance to the best essays in international finance.

Abdul Rasheed GHAFFOUR

Deputy Governor, Bank Negara Malaysia
Abdul Rasheed Ghaffour is the Deputy Governor, Bank Negara Malaysia and is responsible for the Bank’s Monetary and Economics Sector, which includes the international relations and statistical services functions of the Bank as well as the international reserve management and money market operations and foreign exchange administration. He is also responsible for the Supervision Sector of the Bank. He is a member of the Monetary Policy Committee, the Management Committee, Financial Stability Executive Committee, the Reserve Management Committee and the Risk Management Committee of the Bank. Prior to his appointment as Deputy Governor, he was the Assistant Governor for the Bank’s Monetary and Economics Sector. He was on a two-year secondment as the Alternate Executive Director for Malaysia on the Executive Board of the International Monetary Fund, in Washington DC between 2012-2014. He started his career in the Bank Regulation Department of Bank Negara Malaysia and during his career in the Bank that spans over 20 years, he has been involved in key areas of central banking, including policy formulation in financial sector development, financial surveillance and prudential policies for the banking and insurance sector. Abdul Rasheed Ghaffour has an Honours degree in Economics from the University of Malaya.

Donald HANNA

Group Chief Economist, CIMB Group
Donald Hanna is the Group Chief Economist at CIMB Group, and is based in Hong Kong. He began his professional career with the World Bank, in Washington DC, USA and Jakarta, Indonesia. His experience includes managing macroeconomic teams for various prestigious global financial institutions, as well as for both sell- and buy-sides providing macro and market views at two hedge funds. He had also set up and managed an independent, Asian-focused macro research office. He is best known for his expertise in both global and ASEAN macroeconomic and policy developments. During the Asian Financial Crisis, he provided advisory services to policy makers and corporates in several ASEAN countries including Malaysia. He is a Fulbright scholar and holds a PhD in Economics from Harvard and a BA, summa cum laude, in Economics and Spanish from the University of California at Berkeley. He is also a member of the Advisory Board of the Centre for Applied Macroeconomic Analysis at an Australian University, and sits on the Asian Development Bank’s International Advisory Group.

Kenichiro KASHIWASE

Deputy Head of Office, Regional Office for Asia and the Pacific, International Monetary Fund
Kenichiro Kashiwase is Deputy Head of Office at the IMF Regional Office for Asia and the Pacific (OAP) in Tokyo. He joined the IMF in Washington DC in 2010, and worked in the Fiscal Affairs Department (FAD), and the Asia and Pacific Department (APD). He moved to Tokyo in September 2015 to take up his current assignment at OAP. Prior to joining FAD, he worked as an economist at the U.S. Congressional Budget Office. During 1999-2005, he also worked at the IMF Research Department, and assisted the Economic Counsellor for various projects, including work on surveillance of G7 economies as well as APEC and ASEAN regions, and regular presentations to the Board to keep its members abreast of global economic and financial market developments. He holds a MA in Economics from the George Washington University, and a PhD in Economics from University of Michigan. Mr. Kashiwase is a Japanese national.

Norman LOAYZA
Lead Economist, Development Research Group, World Bank
Norman Loayza is a Lead Economist in the Development Research Group at the World Bank. He is currently leading the Asia hub of the Research Group, based in Malaysia. He was director of the World Development Report 2014, Risk and Opportunity: Managing Risk for Development. His research has dealt with various areas of economic and social development, including macroeconomic management, economic growth, microeconomic flexibility, private and public saving, financial depth and stability, natural disasters, and crime and violence. A Peruvian national, he holds a Ph.D in economics from Harvard University (1994).
Materials from event:
Live Video Recording of Launch
Accompanying Presentation Slides