Past event

Conference

Investing in Emerging and Developing Markets

The role of domestic financial markets in low and middle income countries

Chatham House, London

Developing the financial sector in emerging and developing markets

Now that investors are refocusing on emerging and developing markets, the time is right to discuss how to strengthen the financial sector and develop the financial markets in these economies. Investors and governments share an interest in exploring ways to improve investment flows and returns.

Key figures from governments, financial services, and multilateral organizations speaking will address vital issues including:

  • What more - or less - could emerging economies do to promote investment?
  • What will be the likely impact of emerging regulation on investment flows into emerging markets
  • Prospects for development of domestic financial markets
  • Quick wins: what innovations, tailored to local markets, have increased access to finance?
  • The prospects for 'leapfrogging' technology.

 

  • Youssef Boutros-Ghali

    • Minister of Finance
  • Janamitra Devan

    • Vice President and Head of Network, Financial and Private Sector Development
  • Sanusi Lamido Sanusi

    • Governor
  • Mehmet Şimşek

    • Minister of Finance
  • S Sridhar

    • Chairman and Managing Director
  • José Darío Uribe Escobar

    • Governor
  • Robert Annibale

    • Global Head of Microfinance
  • James Benoit

    • Chief Executive
  • Gabriel Davel

    • CEO
  • Stuart Fraser

    • Chairman, Policy and Resources Committee
  • Ayhan Kose

    • Assistant to the Director, Research Department
  • Grant Kurland

    • Chief Executive
  • Nicholas Kwan

    • Head of Research, East
  • Dr Nkosana Moyo

    • Vice President and Chief Operating Officer
  • Nadim Najjar

    • Managing Director, East Mediterranean & North Africa
  • Mark Napier

    • Financial Inclusion Specialist
  • John Ngumi

    • Director, Investment Banking East Africa
  • Kenneth Orchard

    • Vice President, Senior Credit Officer
  • Danny Quah

    • Professor of Economics and Co-Director LSE Global Governance
  • Dilip Ratha

    • Lead Economist, Migration and Remittances Team
  • Mark Richards

    • Partner
  • Vanessa Rossi

    • Research Fellow
  • Federico Rubli

    • Director of External Relations
  • Dr Hani Sarie-Eldin

    • Founder & Managing Partner - Sarie-Eldin & Partners Legal Advisors
  • Cenk Serdar

    • Mobile Payments Director

This conference will be held under the Chatham House Rule. Information for journalists >>

Press can request a press pass using the form below.

THURSDAY 1 JULY
9.30 am - 5.30 pm

Session One
Overview

  • To what extent has there been a fundamental shift in developing economies?
  • Are developing economies providing an optimal climate for investment? What more or less could developing economies do to promote investment?
  • What will be the impact of the new international regulatory framework on domestic financial markets and international flows?

Chair
Danny Quah
Professor of Economics and Co-Director LSE Global Governance
London School of Economics

Keynote Speakers

Mehmet Şimşek (on the record)
Minister of Finance
Turkey

Questions and discussion (under Chatham House Rule)

Janamitra Devan (on the record)
Vice President and Head of Network, Financial and Private Sector Development, World Bank-IFC

High Level Panel discussion: Financial Flows

  • What policies would best deepen and boost financial markets?
  • Are there risks of too much openness for developing countries? Do large investment flows create a risk of destabilization? If so, can the risk be mitigated without discouraging investors?
  • What are the best incentives to attract investment flows?
  • What steps can be taken to increase liquidity in trade finance?

Keynote Speaker
José Darío Uribe Escobar (on the record)
Governor
Central Bank of Colombia

Questions and discussion (under Chatham House Rule)

Speakers
Ayhan Kose
Assistant to the Director, Research Department
International Monetary Fund

Federico Rubli
Director of External Relations
Central Bank of Mexico

Kenneth Orchard
Vice President, Senior Credit Officer
Public Finance Group
Moody's Analytics

11.20 Refreshments

Session Two
Market Structure

  • How developed are the fundamental elements of financial systems, such as banks, pension funds, and capital markets in emerging and developing markets? What can be done to strengthen them and increase their efficiency?
  • At what point do capital markets take off? Is there a benefit to be had from creating larger, regional capital market centres? Can they adequately service smaller countries' needs?
  • Bond markets development: to what extent are domestic markets now players in international markets? What role can credit rating agencies play in their development?
  • Equity markets: is the rise in dual listings a reflection of equity market maturity?
  • How can competition be encouraged within the banking sector?
  • How can banking skills be boosted?

Chair
Dr Nkosana Moyo
Vice President and Chief Operating Officer
African Development Bank

Keynote Speakers

Youssef Boutros-Ghali (on the record)
Minister of Finance
Egypt

Questions and discussion (under CH Rule)

Sanusi Lamido Sanusi (on the record)
Governor
Central Bank of Nigeria

Questions and discussion (under CH Rule)

Speakers

Nicholas Kwan
Head of Research, East
Standard Chartered Bank

Nadim Najjar
Managing Director, East Mediterranean & North Africa
Thomson Reuters

John Ngumi
Director, Investment Banking East Africa
Standard Bank Group

James Benoit
Chief Executive
AfrAsia Bank Ltd

13.30 Lunch

Session Three
Boosting Consumer Finance

  • How can policymakers and the private sector work together on access to finance? What innovative policies are there to stimulate financial inclusion?
  • What is the role of regulators?
  • How can local lending be boosted whilst strengthening risk management practices?
  • How can financial solutions be tailored to meet local needs? eg private/public funding partnerships such as credit guarantee schemes, 'low start' loans, payroll lending
  • What are the successful models for scaling up microfinance?
  • How can leapfrogging technology solutions be scaled up across developing markets? What lessons have been learned?

Chair
Mark Napier
Financial Inclusion Specialist

Speakers
Gabriel Davel
CEO
The National Credit Regulator, South Africa

Robert Annibale
Global Head of Microfinance
Citigroup

Cenk Serdar
Mobile Payments Director
Vodafone

Grant Kurland
Chief Executive
Bayport Financial Services

Questions and discussion

15.40 Refreshments

Session Four
Sources of Business Finance

  • What innovations in access to finance exist? Are they transferable? What can governments do to provide incentives to the private sector to increase access to business finance?
  • What are the different kinds of capital requirements, by size and type? Where are the biggest gaps in meeting this demand?
  • What are the roles of venture capital, business angels, stock markets, diaspora funds, and remittances in providing funding for equity?
  • What are the barriers to equity finance (costs, information, transparency, culture) and how can they be overcome?
  • The role of banks in harnessing local private wealth
  • What role can remittances play in the functioning of financial markets?
  • What can be done to build a more robust information architecture? (credit histories, accounting records, credit ratings, identity verification) Are there some short cuts? What are the roles of local and international credit rating agencies?

Chair
Vanessa Rossi
Research Fellow
Chatham House

Keynote Speaker

S Sridhar (on the record)
Chairman and Managing Director
Central Bank of India

Questions and discussion (under Chatham House Rule)

Speakers

Stuart Fraser
Chairman, Policy and Resources Committee
City of London

Dilip Ratha
Lead Economist, Migration and Remittances Team
Development Prospects Group
The World Bank

Dr Hani Sarie-Eldin
Founder & Managing Partner - Sarie-Eldin & Partners Legal Advisors
Chairman, Middle East Center for Law and Development and
Former Chairman, Capital Market Authority, Egypt

Mark Richards
Partner
Actis

Questions and discussion

17.50 End of conference and drinks reception hosted by Chatham House

© The Royal Institute of International Affairs 2010