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International Retail Debt Management Symposium 2024

The symposium provided a forum for debt managers to discuss current issues and trends such as product development, distribution channels, market research, and the use of new technology. Topics covered innovative bonds (including ESG), new distribution channels and the role of Fintech, the impact of recent increase in interest rates, and international surveys.

The United States Treasury and the World Bank have successfully co-hosted the International Retail Debt Management Symposium on November 20th, 2024. The Symposium is sponsored by the International Retail Debt Management Conference (IRDMC) core countries and held biennially. The core IRDMC membership includes Brazil, Hungary, Ireland, Italy, Japan, South Africa, the United Kingdom, and the United States.

The 2024 event brought together 27 countries with seasoned retail programs and those looking to establish or review existing programs. Representatives of the Organisation for Economic Cooperation and Development (OECD) and students from SIPA Columbia University also participated. The Symposium provided a forum for debt managers to discuss current issues and trends such as product development, distribution channels, market research, and the use of new technology.

The symposium’s topics covered innovative bonds (including ESG), new distribution channels and the role of Fintech, the impact of recent increase in interest rates, and international surveys.

The 2024 edition of the Symposium was organized by the Finance, Competitiveness & Innovation Global Practice in collaboration with the Macroeconomics, Trade & Investment Global Practice. It was held on a hybrid format.

8:00 – 8:25 am

Welcome and Introductions

  • Mr. Niraj Verma, Practice Manager, Finance, Competitiveness & Innovation, World Bank Group
  • Mr. Tim Gribben, Commissioner, Bureau of the Fiscal Service, US Department of the Treasury

8:25 – 9:40 am

Are sustainable / social / innovative bonds attractive instruments for retail investors?


Moderator – Mr. Doug Anderson, Assistant Commissioner of Retail Securities Services, Bureau of the Fiscal Service, Department of Treasury

Presenters

  • Ms. Sharon Almanza, Treasurer of the Philippines, Bureau of the Treasury, Philippines [Presentation]
  • Mr. Deni Ridwan, Director of Government Bonds, MOF, Indonesia [Presentation]
  • Mr. Markus Stix, Managing Director, Austrian Debt Agency [Presentation]
  • Mr. Andras Bebes, Deputy CEO, Hungarian Debt Agency

Break

9:45 – 11:00 am

How are distribution channels to reach out to retail investors evolving?

Moderator –Ms. Alyssa Riedl, Deputy Assistant Commissioner of Retail Securities Services, Bureau of the Fiscal Service, Department of Treasury

Presenters

  • Dr. Sudarsana Sahoo, General Manager, Internal Debt Management Department, Reserve Bank of India [Presentation]
  • Mr. Paulo Marques, National Treasury, Brazil [Presentation]
  • Ms. Sally Swait, NS&I, UK
  • Mr. Murray McCarter, National Treasury Management Agency, Ireland [Presentation]

Break

11:05 – 12:05 pm

How are the changes (increase) in interest rates over the last couple years impacting placement of government bonds to retail investors

Moderator –Mr. Leandro Secunho, Senior Debt Specialist, Macroeconomics, Trade and Investment, World Bank Group

Presenters

  • USA: Doug Anderson, Assistant Commissioner of Retail Securities Services, Bureau of the Fiscal Service, Department of Treasury
  • Mr. Jonas Vervoort, Deputy Director Treasury & Capital Markets, Belgian Debt Agency [Presentation]
  • Ms. Elisabetta Cervone, Director, Italian Treasury [Presentation]

Break

12:10 - 12:50pm

 

Sharing lessons on retail debt programs from survey and analytical work

Moderator – Mr. Matias Hervera, Senior Financial Sector Specialist, Finance, Competitiveness & Innovation, World Bank Group

Presenters

  • Ms. Fatos Koc, Head of Financial Markets Unit, OECD [Presentation]
  • Mr. Pavan Talakala and colleagues, SIPA- Columbia University [Presentation]

12:50 – 1:00 pm

Conclusion / Feedback for Future Session

Frederico Gil Sander, Practice Manager, Macroeconomics, Trade and Investment, World Bank Group

Date: November 20, 2024

Time: 12:01 PM - 12:01 PM ET

Location: Hybrid