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 Insitute premises

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



Welcome remarks
  • Mr. Naoyuki Yoshino, Dean of ADBI
  • Mr. Isidro Fainé, President of WSBI
Keynote speeches:​

  • ​Mr. Shlomo Ben-Ami, Vice-president of the Toledo International Center for Peace

  • Mr Shinobu Makagawa, Director General or Mr Kengo Kato, Deputy Director General, Bank of Japan ​

  • Mr Junichi Nakajima, Deputy Commisionner, Vice Commissioner for Strategy Development and Management or Director General, Financial Services Agency of Japan 

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 present 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?​

Keynote speaker:
  • Mr. Haitham Al Ghulaiga, Senior Advisor, Saudi Arabian Monetary Authority (SAMA), Global Partnership for Financial Inclusion Saudi Co-Chair
  • Mr. Sabasaba Moshingi, CEO, TPB Bank (Tanzania)
  • Mr. Keisuke Nakamura, Representative of Inter-American Development Bank in Asia​
  • Mr. Hiro Hayasaki, Counsellor on Global Strategy to President and the Board of Directors, Norinchukin Bank 
  • Mr. William Price, CEO, D3P Global Pension Consulting (Global Pension Expert) 
  • Ms. Sayuri Shirai, Professor, Keio University 

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;
  • Prof. Kazuto Tsuji, Senior Advisor in Financial Inclusion for JICA and for CGAP as Japan’s focal point
  • Ms. Parul Seth Khanna, Co-Founder and Director, pinBox Solutions

​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: 

  • Mr. ​Sukarela Batunanggar, Deputy Commissioner, 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
  • Ms. Flore-Anne Messy, Head of the Financial Affairs Division of the Directorate for Financial and Enterprise Affairs, OECD
  • Mr. Camilo Tellez Merchan, Head of Research and Innovation, Better Than Cash Alliance​​​

[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 by:
  • Mr. Hiroshi Sudo, Senior Managing Director, Shinkin Central Bank
  • Ms. Justin Derbyshire, CEO of HelpAge International
  • Mr. Robin Newnham, Head for Policy and Strategy, Alliance for Financial Inclusion 
  • Mr. Mulia Salim, Deputy President Director of PT Bank Tabungan Pensiunan Nasional Syariah (BTPN Syariah), A member of SMBC Group Japan

WSBI policy brief for G20

Session 5: Credit guarantees and financial inclusion
  • Paper 1: Credit Guarantee and SME performance in Japan by Ms. Lan Hoang Nguyen, Senior Analyst, Credit Risk Database
  • Paper 2: The Risk of Implicit Guarantees: Evidence from the Shadow Interbank Market in China by Mr. Ji Huang, Assistant Professor, The Chinese University of Hong Kong
​Coffee break
​Session 6: Financial literacy and financial inclusion
  • Paper 3: Fintech and Financial Literacy in Asia by Mr. Peter Morgan, Vice Chair of Research, Asian Development Bank Institute
  • Paper 4: Ms. Andrea Hasler, Research Professor in Financial Literacy, The Global Financial Literacy Excellence Center (GFLEC)
​Session 7: Financial development, financial regulation and financial inclusion
  • Paper 5: Financial Development and Household Income: Evidence from China by Mr. Guochang Zhao, Southwestern University of Finance and Economics
  • Paper 6: Financial Structure and Income Inequality by Mr. Giovanni Ferri, Professor, LUMSA, Italy
​Coffee break

​Session 8: Fintech and financial inclusion
  • Paper 7: Fintech, Inclusive Growth and Cyber Risks by Ms. Inutu Lukonga, Senior Economist, IMF
  • Paper 8: TBD
Closing remarks