This conference is jointly organised by the Asian Development Bank Institute (ADBI) and the World Savings and Retail Banking Institute (WSBI).
The traditional locally focused financial institutions have played an important role in financial intermediation, which supports development activities for local community and boosts local economy. In the aftermath of financial crisis, locally focused financial institutions are at the crossroad, as on one hand our cost of business is raising dramatically, while on the other hand, new financing modes emerge.
In this context, WSBI co-organizes the G20 Conference in partnership with the Asian Development Bank Institute and urges international policy makers to look into the business model of savings and locally focused banks. The first day of the conference will focus on policy debate on how to unleash the role of locally focused retail banks in financial inclusion and how we should empower our consumers in the digital age. It will be followed by debates on policy recommendations on basis of evidence-based findings on the second day.
The Asian Development Bank Institute (ADBI) is the think-tank of the Asian Development Bank. It provides intellectual input for policy makers in Asian developing countries by conducting research with a focus on medium- to long-term development issues of strategic importance that affects the region and through capacity building and training (CBT) activities. The ADBI has been supportive to the role and contribution of traditional locally focused banks in local economic development.