Dr. Paul Sheard, Chief Global Economist, Standard & Poor’s
We are pleased to welcome again S&P’s chief global economist, Dr. Paul Sheard, a noted and well-respected economist and Japan watcher now based in New York. He will give a wide-ranging presentation on the economic outlook for Japan and globally commenting on the following themes.
· US and global economic outlook.
· The Fed`s exit strategy.
· Abenomics: Progress check and prognosis for success.
· China: The new epicentre of global market risk.
· Grexit risks and the “five presidents` report”: More or less Europe ahead?
Mr. Nick Forrest, Director Economic Policy, PricewaterhouseCoopers LLP
Market liquidity is critical to an effectively functioning market but there been a reduction in financial market liquidity and this has had a knock on effect on markets and ultimately the real economy. The reduction in liquidity has been brought about by a range of factors including financial institutions’ responses to new regulatory risk frameworks. PWC have carried out a report on behalf of the Global Financial Markets Association (GFMA) and the Institute of International Finance (IFF) to examine the impact of these changes.
This presentation will set out the main findings of this important study including weighing up the costs and benefits of regulation and identifying regulatory initiatives that in aggregate could have a greater adverse impacts on market liquidity than might have been envisaged when they were designed individually.
We are very pleased that the one of the authors of the report, Nick Forrest from PWC’s London office, will lead us through some of the main findings which is being used in advocacy efforts with policy makers around the world including in Japan
Mr. Tomoyuki Furusawa , Deputy Director General, Supervisory Bureau Financial Services Agency
IBA Japan welcomes a distinguished speaker from the Japanese Financial Services Agency, Mr. Furusawa, to give an overview of the FSA’s 2015-16 Financial Administration Policy.
Mr. Furusawa will cover a range of issues including:
・The overall goals of the FSA
・FSA’s views on financial intermediation, a sound financial system and how customers should be able to have trust in this system
・FSA’s strategic response to changes in the financial industry and the economic environment
・FSA’s strategic approach to global regulatory issues
