HKMA-BoE-IMF joint conference on "Monetary, Financial, and Prudential Policy Interactions in the Post-Crisis world"

​The Hong Kong Monetary Authority (HKMA), Bank of England, and the International Monetary Fund (IMF) will jointly organise a high-level conference on monetary, financial and prudential policy interactions in the post-crisis world in Hong Kong.

Event dates: 24 - 25 October 2016

Mr. Norman Chan, Chief Executive of the HKMA, said, “We are honoured to host the conference this year.  It comes very timely to bring together international distinguished academics and senior policymakers to assess the implications of post-crisis changes in the financial system and discuss appropriate policy designs and coordination.”

This conference is an annual event following the success of the inaugural conference hosted by the Bank of England last year.  It will see acclaimed academics and senior policymakers from around the globe discussing the impact of recent changes to the financial system and the challenges in choosing the appropriate mix of monetary, macroprudential, microprudential and central bank balance sheet policies.  The conference will also feature contributions by Ms. Minouche Shafik, Deputy Governor, Markets and Banking, and Mr. Andy Haldane, Chief Economist and Executive Director, Monetary Analysis & Statistics at the Bank of England, and Mr. Maurice Obstfeld, Economic Counsellor and Research Department Director, Ms. Sharmini Coorey, Director, Institute for Capacity Development, and Ms. Ratna Sahay, Acting Director, Monetary and Capital Markets Department at the IMF.

The first day of the conference will be an open forum focusing on recent research by renowned economists on the growth of non-bank activities and implications on the transmission of monetary policy, and design and effectiveness of prudential polices.  It will be attended by around 120 local and overseas participants, including representatives from academia, central banks, international financial institutions, regulatory and supervisory authorities, and financial industry practitioners.  Building on the themes covered on the first day, the second day of the conference will be a closed door roundtable discussion among senior policymakers and academics to exchange views and reach conclusion that can influence the design of future policies.