Introduction The India Regulatory Summit examines India’s changing regulatory environment with a particular focus on financial services and capital markets rules - including those around stability, taxation and licencing and their impact on FDI. Presenting addresses from and discussions with senior regulators, investors and market participants, the Summit creates a space for dialogue aimed at giving investors the confidence to make substantial new commitments to the country. It will attract over 200 of the region’s most senior and well-respected bankers, and asset managers, together with regulators and international asset owners. SPONSOR SUPPORTING ORGANISATIONS ORGANISED BY CONFIRMED SPEAKERS • Dr. Deepali Joshi, Executive Director, Monetary Policy Group, Reserve Bank of India • Smita Agarwal, Senior Programme Director, Centre for Advanced Financial Research and Learning (CAFRAL) • Tamal Bandhyopadhyay, Consulting Editor of Mint and advisor, Bandhan Financial • Samar Banwat, Senior Vice President, National Securities Depository Limited • Dr. Rajan Singenellore, Global Head, Risk and Valuation Group, Bloomberg • Dr. Achintan Bhattacharya, Director, NIBM • Ajay Desai, Chief Financial Inclusion Officer & Sr. President, YES Bank Ltd • Peter Guy, Editor-in-Chief, Regulation Asia and Columnist, South China Morning Post (SCMP) • Sunder Ram Korivi, Dean, National Institute of Securities Markets • Viraj Kulkarni, Managing Director, Pivot Consulting • Patrick Pang, Managing Director, ASIFMA • D.V.S.S.V Prasad, CEO, FIMMDA • Siddhartha Roy, CRO, CCIL India • Jamal Mecklai, CEO, Mecklai Financial • D G Patwardhan, Chief Executive, FEDAI • Jayanth Varma, Professor, IIM Ahmedabad With more senior thought leaders confirming their participation every day Agenda – page 1 of 2 Day 1 08:00 Registration and refreshments 08:50 Chairman’s welcome: Peter Guy, Editor-in-Chief, Regulation Asia 09:00 Opening keynote address: tbc 09:10 Keynote address: tbc 09:20 International Keynote Address: A leading markets regulator from outside India* 09:30 Financial regulation 2.0 – the evolving role of the financial regulator • How to end one-size fits all banking regulation • The financial system under the draft Indian financial code. • Allowing and regulating financial innovation – striking the balance between necessary and destructive innovation • The regulator’s view – a financial sector liberalization roadmap Speakers • Siddhartha Roy, CRO, CCIL India • Rajan Singenellore - Global Head, Risk and Valuation Group, Bloomberg • Tamal Bandhyopadhyay, Consulting Editor of Mint, and advisor, Bandhan Financial • Jayanth Varma, Professor, IIM Ahmedabad 10:15 Developing rupee debt markets • Regulatory issues around investment in Indian fixed income – limits, benchmarks and education. • The need for greater interest rate hedging instruments and relevant benchmarks • The importance of the rupee yield curve in fixed income trading and its development Speakers • D.V.S.S.V Prasad, CEO, FIMMDA • Sunder Ram Korivi, Dean, National Institute of Securities Markets • Samar Banwat, Senior Vice President, National Securities Depository Limited • Patrick Pang, Managing Director, ASIFMA 11:00 11:30 Networking break Financial inclusion – what does it mean for new and existing banks? • The difficulties around creating a business model around financial inclusion • Inclusion as a condition for new banking licenses • Is it possible achieving profitability by engaging the bottom of the pyramid Speakers • Ajay Desai, Chief Financial Inclusion Officer & Senior President, YES Bank Ltd • Soumya Kanti Ghosh, Chief Economic Advisor, State Bank of India • Dr. Achintan Bhattacharya, Director, NIBM • Smita Agarwal, Senior Programme Director, Centre for Advanced Financial Research and Learning (CAFRAL) Agenda – page 2 of 2 12:15 Networking lunch 13:15 Luncheon keynote address: tbc Workshops 13:30 Depository Receipts Hosted by... Commodity derivatives Hosted by... 14:00 Basel III Hosted by... REITS Hosted by... 14:30 KYC / Compliance Hosted by... Foreign Portfolio Investments Hosted by… 15:00 Networking break 15:30 The evolution of algorithmic and high frequency trading and its impact on market quality • Regulatory intervention required around the exchange structure and competitive landscape • Market stability issues • Allowing more avenues for trade and its appropriateness for the Indian market 16:15 The FX regime and its management • Bringing the burgeoning offshore rupee trading back onshore. • The relevance of FEMA in a liberalizing economy • Mistakes in the regulation of currency futures and the development of rupee hedging markets Speakers • Jamal Mecklai, CEO, Mecklai Financial • D G Patwardhan, Chief Executive, FEDAI 17:00 Competitive forces in the banking industry • Differentiated banking and its implementation in India • Has priority sector lending outlived its social role? How can this be re-thought to revitalize PSU banks? • Licensing and subsidiary models for foreign banks. Speakers • Deepali Joshi, Executive Director, Monetary Policy Group, Reserve Bank of India 17:45 Closing Remarks: Nick Wakefield, Founder & Publisher, Regulation Asia 18:00 Cocktail reception 19:00 Summit closes