Prof Carmen Reinhart - Vice President and Chief Economist, World Bank Group
Co-hosts:
Guest questioners:
SKBI hosted a workshop on Electricity and Environment facilitated by Professor Frank Wolak, Stanford University and Professor Alex Galetovic, Universidad Adolfo Ibáñez (Chile) & Hoover Institution (Stanford) over the 1.5 days. The participants spent majority of their time playing the roles of generating companies and load-serving entities in the game simulation.
Even before COVID-19, many families were living without a savings buffer sufficient to cover significant and unexpected expenses. The sizable economic shock created by this year's pandemic exposed the high financial fragility of many households. This year’s SKBI Annual Conference will feature a keynote by the economist behind the concept of household financial fragility, Prof. Annamaria Lusardi, who will also highlight the positive role that financial education and literacy can play in building resilience against shocks such as COVID-19.
The digital economy is improving productivity and competitiveness within and across economies. It could also have substantial positive effects on macroeconomic performance as well as enhance regional and global economic integration and help economies achieve the Sustainable Development Goals. At the same time, policy makers must consider digitalization’s impacts on international capital flows, trade, and labor markets.
Professor Dave Fernandez, Director, Sim Kee Boon Institute for Financial Economics, SMU and Co-Director, Singapore Green Finance Centre, spoke as a panellist at the Channel NewsAsia Leadership Summit 2021, moderated by Ms Dawn Tan, CNA Presenter.
Financial technology (FinTech) has the potential to be a positive, game-changing force for boosting financial inclusion in ASEAN, as mobile money and greater access to basic financial services have the capacity to improve the economic well-being of households.
With the rapid growth of sustainable and responsible investment and widespread adoption of the environmental, social, and governance (ESG) reporting and integration by organizations, how to assess and measure ESG impact has become a critical issue.
SMU Professor of Finance Dave Fernandez, who is also the Co-Director of the Singapore Green Finance Centre, pointed out that international consensus and government support are the drivers of the development of sustainable finance in recent years, such as the UN Sustainable Development Goals 2030, Singapore Green Plan 2030, and the Paris Climate Agreement. Financial industries, as important participants in the market, play a crucial role in providing the investment and helping shape the society into a low-carbon economy. Climate issues, such as the recent Texas deep freeze, have led to the increasing attention on climate risk and its impact on social activity.
Speaking as a panellist at the CNA Leadership Summit, SMU Professor of Finance (Practice) Dave Fernandez, Director of the SMU Sim Kee Boon Institute for Financial Economics and Co-Director at the Singapore Green Finance Centre discussed amongst others the importance of “bringing everyone together” in the finance industry to support the drive of creating sustainable finance and how the Singapore Green Finance Centre was created with the intention of being a convening place for these different stakeholders. Prof Fernandez reiterated that taking proactive actions in moving quickly and decisively in this “green recovery” is vital in making a difference.
CNA (Green Recovery, 9pm), Part 1
CNA (Green Recovery, 9pm), Part 2
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