​​​​ADBI-WSBI Conference

G20 and Locally Focused Banks

Responsible and sustainable banking in a digital age


5-6 June 2019 | Tokyo, Japan​

​Asian Development Bank Institute premises

Kasumigaseki Building, 8th Floor, 3-2-5, Kasumigaseki, Chiyoda-ku, Tokyo 100-6008


Kindly supported by 



​​Welcome remarks
  • Mr. Naoyuki Yoshino, Dean, Asian Development Bank Institute (ADBI)
  • Mr. Isidro Fainé, President, World Savings and Retail Banking Institute (WSBI)
  • Mr. Yasuyuki Kawasaki, Deputy Chairman, Sumitomo Mitsui Banking Corporation ​(SMBC​)
  • Mr. Naoyuki Yoshino, Dean, Asian Development Bank Institute (ADBI)​

General keynote address
  • Sustainable finance by Mr. Shlomo Ben Ami, Vice-president of the Toledo International Center for Peace, former Minister of Foreign Affairs of Israel and Special Advisor to former President of Colombia
Keynote speeches:​

  • ​Financial education and literacy initiatives in Japan by Mr. Shinobu Nakagawa, Director General of Public Relations Department, Bank of Japan
  • Financial Education in the 100-year Life Society by Mr. Tomohiro Miura, Director, Strategy Development Division, Financial Services Agency, Japan  
  • Joint policy recommendations to the G20 by Mr. Katsunori Nemoto, Senior Managing Director of Keidanren (Japan Business Federation), B20 Japan ​

Group Photo Coffee break
​Session 1: Can promoting savings resolve our challenges?  

  • Is a high level of savings a challenge or a buffer when financial crisis hits? Can high savings rates support a global infrastructure financing gap? Will promoting savings help resolve today’s global economic imbalance?
  • How can the G20 support developing economies to build up relevant banking infrastructure that mobilise domestic savings efficiently towards finance development?​
  • The world’s aging population presents another emerging challenge for world economic growth and social security. Personal savings and investment, as well as social security retirement schemes should serve as sources of income during retirement. That presents a pressing need to gage the impact of demographic changes on economies and put in place policy that tackles an aging world. Can promoting savings address challenges related to demographic change? What role can macroeconomic policy play?​

  • Mr. Sabasaba Moshingi, CEO, TPB Bank (Tanzania)
  • Ms. Sayuri Shirai, Professor, Keio University
  • Mr. Keisuke Nakamura, Representative of Inter-American Development Bank in Asia
  • Mr. Hiro Hayasaki, Counsellor on Global Strategy to President and Board of Directors, Norinchukin Bank
  • Mr. Donghyun Park, Principal economist, Asian Development Bank (ADB)
  • Mr. William Price, CEO, D3P Global Pension Consulting​​

Session 2: Savings as the path to sustainable financial inclusion

Digital financial services can help unlock financial inclusion challenges. It is undeniable that emerging new players such as start-ups have enabled easy access to payments and credit. There is a growing risk, however, that people overspend and drown in a sea of debt. Socially-oriented financial institutions like savings banks have for centuries promoted savings, seeing it still relevant in a digital age and still a gateway to sustainable financial inclusion.

What’s the best way to promote household savings given the change of customer behaviour in a digital age? ​


  • ​Mr. Chris De Noose, Managing Director, WSBI
  • Mr. Peter Morgan, Vice Chair of Research, ADBI
  • Mr. Jean Naslin, Executive Director and Head of Public Affairs, CaixaBank, Spain
  • Ms. Parul Seth Khanna, Co-Founder and Director, pinBox Solutions
  • Mr. Vivek Sinha, General Manager, National Bank for Agriculture and Rural Development (NABARD), India​

​Session 3: Embracing responsible innovation and empowering consumers in the digital age

Technology is transforming finance at an unprecedented rate and challenging notions of banking sector regulation and supervision. Policymakers and stakeholders alike see digital financial services marked by rapid innovation and further complexity of financial markets worldwide. These new tech-based services can leave consumers exposed to new threats, notably security risks such as digital fraud and abuse, misuse of digital footprints, digital profiling and other types of cybercrime and data privacy issues.1 To address those issues, there is pressing need to build up people’s digital skill and digital financial literacy. Although digital financial services contribute greatly to financial inclusion, risks should be assessed carefully around innovation enabled by new technologies, keeping in mind the goals of a sound, well-functioning and stable financial landscape.​

How can regulation keep pace with tech breakthroughs?​

Keynote speaker: 

  • Cultivating Responsible and Sustainable Finance in the Digital Age by Mr. Sukarela Batunanggar, Deputy Commissioner of OJK Institute and Digital Finance, Indonesia Financial Services Authority 
  • ​​​​​Mr. Wolfgang Neumann, Director, DSGV ( German Savings Banks Association)​
  • Mr. Eric Noggle, Senior Director of Research, Center for Financial Inclusion at Accion
  • Mr. Miles Larbey, Head of Financial Consumer Protection Unit, OECD​
  • Mr. Camilo Tellez Merchan, Head of Research and Innovation, Better Than Cash Alliance​​​
  • Mr. Tim Liu, Managing Director, Chinese Academy of Financial Inclusion 

[1] https://www.oecd.org/daf/fin/financial-education/HIGHLIGHTS-G20-OECD-INFE-Report-Financial-education-and-consumer-protection-in-the-digital-age.pdf

Coffee break
​Session 4: Financial inclusion for elderly people

The world population is greying. That reality has knock-on effects for digital evolution in banking. That ‘New Normal’ could lead to falls in the number of bank branches, which may cause further social exclusion, especially the elderly. Are the elderly ready, keen and able to become digital natives? Are financial institutions ready to serve them well? 

  • Ms. Parul Seth Khanna, Co-Founder and Director, pinBoxSolutions
Speech on Shinkin banks and elderly people by:
  • Mr. Hiroshi Sudo, Senior Managing Director, Shinkin Central Bank
Presentation of GPFI’s paper ‘The Role of Digital Financial Inclusion in Preparing for Older Age and Retirement’ by Mr. Camilo Tellez Merchan, Head of Research and Innovation, Better Than Cash Alliance 

  • Mr. Justin Derbyshire, CEO of HelpAge International
  • Mr. Robin Newnham, Head of Policy and Strategy, Alliance for Financial Inclusion 
  • Mr. Mulia Salim, Deputy President Director of PT Bank Tabungan Pensiunan Nasional Syariah (BTPN Syariah), Member of SMBC Group Japan

​Closing of Day 1 by Mr. Chris De Noose, Managing Director, WSBI-ESBG

Session 5: Financial development and financial inclusion

  • Ms. ​Bihong Huang, Research fellow, Asian Development Bank Institute (ADBI)

Paper 1: Financial Structure and Income Inequality by Mr. Giovanni Ferri, Professor, LUMSA, Italy 



  • Mr. Eric Noggle, Senior Director of Research, Center for Financial Inclusion at Accion

Paper 2: Does access to banks matter to income inequality? Evidence from China by Mr. Guochang Zhao, Associate Professor, Southwestern University of Finance and Economics


  • Mr. Jonathan Batten, CIMB-UUM Chair in Banking and Finance, University Utara Malaysia​

​Coffee break
​Session 6: FinTech and financial inclusion



  • Mr. John Beirne, Research fellow, ADBI​

Paper 3: Fintech, Inclusive Growth and Cyber Risks: Lessons from MENAP and the CCA Regions by Ms. ​Inutu Lukonga, Senior Economist, IMF


  • Mr. Junhong Yang, Assistant Professor of Finance, University of Sheffield

Paper 4: Fintech and Consumption: Theory and Evidence from China, Mr. Xun Zhang, Associate Professor of Economics, Beijing Normal University


  • Mr. Tim Liu, Managing Director, Chinese Academy of Financial Inclusion at Renmin University of China

​Session 7: Credit guarantees and financial inclusion

  • Mr. Naoyuki Yoshino, Dean, Asian Development Bank Institiute (ADBI​)

Paper 5: The Risk of Implicit Guarantees: Evidence from the Shadow Interbank Market in China by Mr. Ji Huang, Assistant Professor of Economics, The Chinese University of Hong Kong


  • Mr. William Cheung, Associate Professor of Finance, Waseda Business School​

Paper 6: Unconventional Monetary Policy and Firm Performance: Evidence from Japan​ by Ms. Lan Hoang Nguyen, Senior Analyst, Credit Risk Database


  • ​Mr. Robert Dekle, Professor of Economics, University of Southern California

​Coffee break

​Session 8: Financial literacy and financial inclusion


  • Mr. ​Peter Morgan, Vice Chair of Research, Asian Development Bank Institute (ADBI)

Paper 7: Financial Literacy and Attitudes to Cryptocurrencies​, Mr. Georgios Panos, Professor of Finance, University of Glasgow


  • ​Mr. Abongeh Tunyi, Assistant Professor of Finance, University of Sheffield

Paper 8: Millennial Mobile Payment Users: A Look into their Personal Finances and Financial Behaviors, Ms. Andrea Hasler, Assistant Research Professor in Financial Literacy, The Global Financial Literacy Excellence Center (GFLEC)


  • Mr. Long Q. Trinh, Research Consultant, Asian Development Bank Institute (ADBI)

Closing remarks