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BoE-HKMA-IMF joint conference on "Monetary, Financial and Prudential Policy Interactions in the Post-Crisis World"
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The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA), Bank of England (BoE), and the International Monetary Fund (IMF) jointly organised a high-level conference on monetary, financial and prudential policy interactions in the post-crisis world in Hong Kong today and tomorrow (October 24 and 25). 

     Chief Executive of the HKMA Mr Norman Chan 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 BoE 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 Deputy Governor of Markets and Banking of BoE, Ms Minouche Shafik; Chief Economist and Executive Director of Monetary Analysis & Statistics of BoE, Mr Andy Haldane; Economic Counsellor and Director of Research of IMF, Mr Maurice Obstfeld; Director of Institute for Capacity Development of IMF, Ms Sharmini Coorey; and Acting Director of Monetary and Capital Markets Department of IMF, Ms Ratna Sahay.

     The first day of the conference is 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.  

     The programme together with the presentations for the first day of the conference are at www.hkma.gov.hk/eng/publications-and-research/reference-materials/boe-hkma-imf-conference-2016.shtml.
 
Ends/Monday, October 24, 2016
Issued at HKT 11:25
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