International Financial Centres Global Series 2013
08:00 - 08:50Registration and refreshments
08:50 - 08:55Opening remarks from the Chair
Speaker: Silvia Pavoni, Economics Editor, The Banker
08:55 - 09:00Welcoming address

The Hon Mrs. Laura Cha, Chairman, Financial Services Development Council, Hong Kong

09:00 - 09:20Introductory Keynote: Mapping the future for financial centres in a local and global context
  • As the world emerges from economic downturn what are the new opportunities and challenges facing IFCs?
  • Exploring the drivers behind the changing balance of power between leading IFCs in Asia, North America and Europe
  • What will drive the competitiveness of IFCs in the future? Prospects for innovation, diversification and specialisation
  • Benefits of increased cooperation between regional and global centres

Speaker: Dr. Victor Fung, Group Chairman, Fung Group

09:20 - 09:35Keynote Address: Competitiveness and growth in the changing global economy

Rt Hon Alex Salmond MP MSP, First Minister for Scotland

09:35 - 10:20Panel: How is increasing regulation impacting on the competitiveness of financial centres?
  • How important is a strong regulatory framework to the reputation and competitiveness of IFCs?
  • Designing financial regulation that is risk based and not more burdensome than is necessary
  • To what extent are current changes in financial services regulation leading to regulatory arbitrage? Can this and should this be stopped or is it necessary?
  • Is there an increased risk of protectionism as a response to regulatory overload?
Introductory remarks: 
Geoff Cook, Chief Executive, Jersey Finance

David Scott, Partner, Financial Services Risk Management, EY
Con Tzatzakis, Managing Director, Head of Compliance Asia Pacific, BlackRock 
Keith Noyes, Regional Director, Asia Pacific, International Swaps and Derivatives Association, Inc.
Paul Smith, Managing Director, Asia Pacific, CFA Institute

Moderator: Silvia Pavoni, Economics Editor, The Banker

10:20 - 11.00Panel: How to attract investment and drive growth in the current climate

  • What are investors looking for from their IFC in today’s economy?  Who is investing and to what extent is regulation/transparency informing their choice?
  • Getting the fiscal issues right to maximise competitiveness
  • Key sectors attracting investment – asset management, insurance, banking, professional services, government and regulatory
  • Attractiveness of emerging vs. established IFCs to investors?  What are the criteria driving investment decisions?
  • Risks and rewards of looking beyond local markets for investment to a more global approach


Vincent Duhamel, Head of Asia, Lombard Odier Darier Hentsch (Asia) Ltd
Robert Petty, Co-Founder and Managing Partner, Clearwater Capital Partners
Julian Taylor, Executive Director – Asia Pacific, Scottish Enterprise – Scottish Development International
Simon Galpin, Director General of Investment Promotion, Invest Hong Kong (InvestHK)

Moderator: Silvia Pavoni, Economics Editor, The Banker

11:00 - 11:30Refreshments and networking
11:30 - 12:15Panel: What is the role of financial centres in facilitating the growth of sustainable offshore renminbi market?
  • What is the progress towards developing the renminbi into a global reserve currency?
  • What are the limits to which the currency can be internationalised through offshore channels?
  • What impact will the expansion of the RQFII have on market prospects and what is the potential for further extensions?
  • How are financial centres in Asia and globally competing and cooperating in this key growth market?

Introductory remarks:
Jack Chan, Managing partner, Financial Services, Greater China, EY

Mr. Chen Shuang, Executive Director and Chief Executive Officer, China Everbright Limited
Alicia Garcia-Herrero, Chief Economist, Emerging Markets, Banco Bilbao Vizcaya Argentaria (BBVA)
Carmen Ling, Global Head RMB Solutions, Client Coverage, Wholesale Banking, Standard Chartered

Moderator: Andrew Wood, Financial Journalist and Broadcaster

12.15 - 13.00Panel: Redefining the IFC model for the new global economy
  • How are IFCs current defined? Do the existing models of global, regional and sub-centres still apply?
  • How is the IFC model evolving to meet the demands of the changing economic landscape? Are further changes still needed to ensure sustainability?
  • What makes an IFC competitive – regulation, governance, innovation, services etc?
  • How important is connectivity with other IFCs regionally and globally?
  • The importance of creating the right business environment: addressing human resources, infrastructure, market access issues etc

Roy Halliday, Chief Executive, Standard Life, Hong Kong
Boyd Winton, Director – Financial Services, Bahrain Economic Development Board
Isabella de Feudis, Chief Executive Officer, Swedish Venture Capital Association (SVCA)

Moderator: Andrew Wood, Financial Journalist and Broadcaster

13:00Closing Remarks