[ 한국어 ]

Tuesday 28 February 2012 - UPDATED 14/2/2012

8:00am

Registration

9:00am

Chairman's opening remarks

9:10am

Keynote address:

9:30am

Roundtable: Korea's economic outlook for 2012

South Korea's economy is said to grow at the slowest pace in three years in 2012 as the European debt crisis and global economic weakness cripple exports. The nation's financial ministry has said that Gross domestic product growth will slow to 3.7 percent next year from 3.8 percent this year and 6.2 percent last year. Exports, equivalent to half of the economy, will increase 7.4 percent next year, down from a 19.2 percent jump this year, trimming the current-account surplus to $16 billion from $25 billion.

• How do these growth prospects affect the economy and what are the primary factors continuing to drive growth?
• A trade-off between inflation and growth: How worrisome is inflation, and how can the government combat it without severely limiting growth?
• What impact does the European debt crisis have on the Korean Economy and how does Korea's economy compare to its regional peers such as China, Taiwan and India?
  
• What sectors currently present the greatest opportunities for investors?
• How will the economic development in China, including aspects such as inflation and rate fluctuations, affect the region?
• Does the deterioration of the current account balance indicate overheating?
  
• Social and political risks in Korea and their impact on the Korean economy

10:30am

Morning coffee break

11:00am

Presentation: Securitisation & Covered Bonds - Viable Risk Management Tools?

11:30pm

Presentation: Overview of liquidity management & ALM requirements for BASEL III

• Factors Leading to the Market Turbulence that Began in December 2007 and Lessons Learned
• Recent regulatory standards for liquid risk exposures of banking organizations
• Impact of recent liquidity standards on banking organizations
  

12:00pm

Panel discussion: Risk Management techniques and challenges in Korea: The use of derivatives

Risk is inevitable which in turn makes the management of risk inevitable. Understanding the differences between what is known, unknown and unknowable is critical so that financial risks can be managed within tolerable limits. Today, the vast amount of leverage in the financial system and the concentration of counterparties has forced institutional investors to identify better strategies for managing volatility, especially on the downside with the help of simple and complex derivative products.

• Downside risk remains an issue: How can investors protect themselves against these risks
• Have financial institutions been successful in quantifying the risks they face?
• The necessity of hedging: A cost benefit analysis
• Tail events: Reducing the odds of a crisis using derivatives, diversification of risks and improving risk management
  
• Risk Evaluation with Monte Carlo Simulation

12:45pm

Lunch

1:45pm

Presentation: ETF Spotlight "South Korea" : A case study

South Korea has been one of the stronger-performing emerging markets. As end of 2011, ETF market has been growing faster than other country in Asia. In terms of product numbers and trading volume, Korean ETF market has been ranked first

• Examining the explosion of Korea's ETF industry and anticipating further growth
• Understanding how ETFs work and their role within a portfolio
• Inverse and leveraged ETFs in Korea
• ETF risk and evaluation measures
  

 2:15pm

Panel discussion: Hedge Funds, Prime Broking and The Regulations

Under the new regulation in Korea, individual investors will be allowed to directly invest in hedge funds, with a minimum investment requirement set at 500 million Korean won. The revision provides more opportunities for hedge fund investors as well as managers.

• Hedge fund and Prime Broking regulations by the financial services commission in Korea and their impact on the securities firms

3:00pm

Afternoon coffee break

3:30pm

Presentation: Mitigating Counterparty Credit Risk in the current global OTC derivative regulatory reform

4:00pm

Panel discussion: The future: Assessing the impact and consequences of regulating OTC derivatives in Europe and Asia

The financial crisis revealed shortcomings in the management of counterparty credit risk and the absence of sufficient transparency in OTC derivatives markets. The intent of the proposed reforms is to reduce the incidence of systematic risk in the market and prevent fraud and abuse, while also averting future financial crises. In reality the proposals could impose costs on companies that did nothing to contribute to the financial mess that the world is currently working through. Moving standard OTC derivatives to an exchange would force companies that use these to incur more costs. What are the implications?

• Establishing the new regulatory regime for the OTC derivatives market
• Overview of global regulatory reform and its impact on the Asian market
• What do regulators and CCPs aim to achieve through central clearing?
• Implication of Basel III on counterparty credit risk requirements
• Development in the OTC Derivatives Regulations in Korea
• Establishing new relationships between buy-side, sell-side and third party under the central clearing framework
• How will Dodd-Frank and EMIR impact OTC derivative investors in the Asian market?

4:45pm

Chairman's closing remarks

4:50pm

End of conference