Hong Kong Monetary Authority

HKMA Symposium on Financial Stability


30 May 2013 (Thursday)

Auditorium, 56/F, Two International Finance Centre, 8 Finance Street, Central


8:55am - 9:00am
Welcoming Remarks
Norman TL Chan, Chief Executive, HKMA

9:00am -10:30am The Interactions of Micro- and Macro-Prudential Policies

• How different are macro- from micro-prudential policies?
• What are the borders of macro-prudential policies? How do they interact with micro-prudential policies?
Arthur Yuen (Deputy Chief Executive, HKMA)
Wayne Byres (Secretary-General, Basel Committee on Banking Supervision)
Malcolm Edey (Assistant Governor, Reserve Bank of Australia)
Liu Mingkang (Former Chairman, China Banking Regulatory Commission)

10:30am -11:00am
Coffee break

11:00am -12:30pm Governance for Financial Stability

• What is the role of rule and discretion in financial stability policy making?
• What would be efficient and effective governance arrangements for financial stability policies? What are the pros and cons of different institutional arrangements?
Dong He (Executive Director, HKMA)
Lord John Eatwell (Professor, University of Cambridge)
Masamichi Kono (Vice Commissioner, Financial Services Authority, Japan)
Teo Swee Lian (Deputy Managing Director, Monetary Authority of Singapore)

12:30pm -12:40pm
Closing Remarks
Norman TL Chan, Chief Executive, HKMA