Trends, Challenges and Prospects of Financial Markets
Growth & Regulatory Agenda
Technological Advancements and Markets of the Future Expanding Investor Participation & Attracting Capital
8:45 AM : Check-In
9:45 AM : Welcome note
10:00 AM : Inaugural Session - Global trends and how they will impact Indian markets
Will a gradual monetary tightening by global central banks amid weaker growth impulses, protectionist trade policies and uneven capital flow slow down emerging economies like India; or will they turn their back on the world at large and stride along riding domestic consumption, savings growth, demographic dividend and private capex revival? What would it take for the Indian economy to grow in double digits again.
11:15 AM : Networking over Tea
11:45 AM :
Session 1 : REGULATING FOR GROWTH: STRIKING THE RIGHT BALANCE
More is still few when it comes to disclosure in India’s corporate world. So much so, some say it may be more rewarding to remain unlisted. Providers of new technologies constantly live in fear of the regulatory axe. While the nation has risen in ranks in terms of ease of doing business, some feel over-regulation and policy hurdles still remain bad hangovers in pursuit of faster growth and a kinder regulatory environment is what industry needs to fire the engines of growth. Is it so?
Session 2 : TECHNOLOGY TRENDS: USING AI, BIG DATA AND BLOCKCHAIN AS TOOLS TO GAIN COMPETITIVE ADVANTAGE
In a country that is yet to come to terms with algo-trading in stock market, Sebi is exploring use of blockchain technology to add speed to the trading infrastructure and monitor systemic risks while policymakers have been crying wolf over crypto-currencies. While fintech has been shifting the sands for financial markets globally, regulators have been wrestling with a constant worry over the threats that these technologies pose. Are these advancements in fintech going to do us more good or leave us with more risks?
Session 3 : FINANCIAL INCLUSION: HOW TECHNOLOGY & DIGITISATION WILL OPEN UP A MARKET OF 1 BILLION PEOPLE
Financial inclusion has been one of the defining aspects of policy making in India over the past few years. While sceptics often call it more of window dressing and the Adhaar system is constantly under scrutiny for possible intrusion in private life, financial markets have started showing some of the benefits as household savings begin to grow and Indians turn to financial assets to save. Some even credit Indian households for the current positive momentum in the Indian equity market. Slowly but surely Indians from the hinterland have come to own a slice of the country’s financial system, adding depth to the market landscape.
1:00 PM : Lunch
Session 4 : FINTECH & REGULATION: MAINTAINING ORDER AND ENABLING INNOVATION
As crypto-currencies make news with a stupendous rise in value and unimaginable asset creation for early investors, regulators are still wrestling with issues of their regulation and if and how to integrate them into the financial system. Fintech is making big strides worldwide, giving us easier ways to add speed and volume and scrutinise products and processes. But markets regulators are often finding themselves at a loss, for failing to adapt to a new environment and embrace technology. Are our regulators behind the curve, really?
Session 5 : DEVELOPING ALTERNATIVE MARKETS: HOW DO WE ENSURE GROWTH AND PARTICIPATION IN COMMODITY MARKETS
Options were supposed to revolutionise India's commodities market; they didn't. The much-awaited integration of spot and futures markets is still work in progress. And the NSEL episode is yet to get erased from the collective memory of Indian commodity investors. Yet, Sebi has just floated the idea of universal exchanges, bringing commodities at par with stocks. What would it take to develop the commodities market faster and bring this asset class closer to investors?
Session 6 : CRYPTO CURRENCY: RISK, OPPORTUNITIES AND INVESTMENT
Crypto-currencies created the biggest splash in financial markets in the year gone by, as industry leaders argued over the pros and cons of a digital currency that those not have any sovereign backing and draws value from investors’ consensus. As values of these currencies soared, regulators struggled to find ways and means to rein them in. How big is the risk from crypto-currencies, really? Can they throw up a big opportunity for financial markets and investors?
3:15 PM : Networking over Tea
Session 7 :FINANCING SMEs THROUGH CAPITAL MARKETS
Small and medium enterprises have emerged as a highly vibrant and dynamic sector of the Indian economy over the past few decades, becoming a strong complementary to large industries as ancillary units and contributing enormously to job creation. The IPO platforms on BSE and NSE have witnessed successful fund raising by many SMEs over the past few years. But that’s the story of only a handful. What would it take to make capital markets friendlier to SMEs and these small entrepreneurs more acceptable to investors?
Session 8 :EXPANDING INVESTOR PARTICIPATION & FINANCING INDIA INC
As central banks globally lean towards tightening monetary policies, the liquidity glut is set to be over in a year or two and capital will seek greener pastures. Can Indian economy and businesses stand out in that equation as favoured options for overseas capital? As more and more domestic savings flow into financial assets, and EPFO and NPS money get routed to equities, it’s time to ensure this capital is channelled better to cater to business needs and safeguard the trust of small investors.
Session 9 :DIGITALIZATION AND CYBER SECURITY: MANAGING RISK PROACTIVELY
Technology is here to stay, and will continue to raise the bar in the fintech space! But indiscriminate use of technology has raised issues privacy and security breach in a space that has to do with people's wealth. If digitisation has to grow at a rapid pace, it has to win investor's trust, and how! How to ensure responsible use of technology? Can regulation and policing address the issue of cyber security in the fintech space?
5:00 PM : Networking over Tea
5:30 PM : CLOSING SESSION: MAKING INDIA A GLOBAL FINANCIAL HUB
Brexit is putting London at the risk of losing its status as the best global financial centre. Hong Kong has lost much of its competitive edge after being overtaken by Singapore as the third leading global financial centre. As India is poised to jump up several notches and become the world’s fifth largest economy in a few years from now, can it also aspire to be a global financial hub in a world of changing economic dynamics? What would it take to transform cities like Mumbai, Ahmedabad into a favourite destination for the world’s best financial professionals.
7:30 PM : Cocktails and Dinners
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