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1st Central Bank and Reserve Funds Summit
April 24, 2018
Date
Tuesday, April 24th, 2018 9:00 am – 5:00 pm
Location
CFANY Conference Center 1540 Broadway Suite 1010 (45th Street Entrance) New York, NY 10036
Fees
Members $55 Nonmembers $150
Date
Tuesday, April 24, 2018 9:00 am – 5:00 pm
Location
CFA NY Conference Center 1540 Broadway Suite 1010 (45th Street Entrance) New York, NY 10036
Fees
Members | $55 Nonmembers | $150
8:30am | REGISTRATION & CONTINENTAL BREAKFAST
9:25am | WELCOME ADDRESS
Daniel Dagen, CFA, Chief Executive Officer, CFANY
9:30am | KEYNOTE ADDRESS
Robert Cox, Vice President, Financial Markets Group, Federal Reserve Bank of Chicago
10:00am | PANEL I
Sustained Low Interest Environment, What Are the Challenges? Multi-Currency World: Issuing, Investing and Asset Liability Management
Moderator
Suzanne Bishopric, Managing Partner, Global Sovereign Advisors
Panel
Francois Haas, Chief Representative, Banque de France
Carlos Perrone, Treasurer, United Nations
11:00am | WORKING BREAK: COFFEE AND REFRESHMENTS
11:15am | PANEL II
Expanding Credit Spectrum For Reserve Management
Moderator
Yves Jacob, Global Head of Coverage for Public Sector Entities, Société Generale
Panel
Hector Resendiz, CFA, Deputy Manager, Investment Risks Subdivision, Banco de Mexico
Andrew Cross, Deputy Treasurer, International Finance Corporation (IFC, member of World Bank Group)
12:30pm | LUNCH
1:00pm | LUNCHEON KEYNOTE PRESENTATION
Jung Lee, Director, Reserve Management Division, Bank of Korea
1:30pm | PANEL III
Reserve Management in a Low-Yield Environment with Declining Liquidity
Moderator
Jukka Pihlman, Managing Director and Global Head Central Banks & Sovereign Funds at Standard Chartered Bank
Panel
Carl Schwartz, Chief, Reserve Bank of Australia New York Office
Giovanni Majnoni D’Intignano, Americas Chief Representative, Italian Central Bank
2:30pm | WORKING BREAK: COFFEE AND REFRESHMENTS
2:45pm | PANEL IV
Investment Process: Thinking Strategically, Appropriate Discounting; Scenario Planning; Asset Allocation: Proposed New Rules; Global Structural Shifts Ahead?
Moderator
Boris Borozan, Managing Partner, Global Sovereign Advisors
Panel
Adam Banai, Financial System Analysis Directorate Director, Central Bank of Hungary
Johannes Kraemer, CFA, Visiting Researcher, New York University; on sabbatical Inve
3:45pm | CLOSING REMARKS
Thomas Brigandi, Inaugural Global Outstanding Young Leader, CFA Institute
Major Points
- Challenges for reserve management as market structures and political landscapes shift
- Impact of divergent monetary policies on the global financial markets
Who Should Attend
Asset owners, central bankers, portfolio managers and research analysts employed at asset management firms, investment banks, hedge funds, mutual funds, and insurance companies, as well as pension plan sponsors; professionals working at potential participants on the issuance side, including corporations and private equity firms; and service providers such as attorneys, consultants, and rating agency personnel. Asset owners receive complimentary registration* *In general, asset owners must be employed by a central bank, sovereign wealth fund, corporate pension fund, endowment, public employee pension fund, foundation, single family office with +$1 billion AUM, governmental treasury, insurance company investing division, state investment corporation, multilateral development bank or other governmental fund. CFANY has full discretion on who qualifies as an asset owner attendee.
Series Founding Sponsor
Silver Sponsor
Asset Owner Series Partner
Moderators and panelists are always genuine asset owners or investment consultants. Sponsors may provide either:
- Relevant high-level thought leading opening or closing keynote addresses
- Brief opening or closing remarks
Overview
A central bank, reserve bank, or monetary authority is an institution that manages a nation’s currency, money supply, international reserves and interest rates. Our Central Bank and Reserve Funds Summit delegates will discuss their monetary policy and reserve management asset allocation approaches in addition to their outlook for global financial markets. Since the Global Financial Crisis, central banks’ balance sheets have grown significantly, with current estimates pointing to cumulative central bank assets in excess of $20 trillion. Even though usually clubbed together, not all central banks are alike and many differ profoundly in monetary policy and reserve management investment mandates. However, all central banks have an important role in macroeconomic management and global financial stability.