Bangladesh Conference 2016 at Harvard University: Banking, Finance and Sustainable Development in Bangladesh

International Sustainable Development Institute (ISDI), a Boston based think tank is pleased to be hosting an international conference on “Banking, Finance and Sustainable Development in Bangladesh” at Harvard University, Cambridge, Massachusetts, USA. The Conference will take place at the Harvard University campus on Friday, April 15th, 2015 at 52 Mt. Auburn Street, Cambridge, Massachusetts, at 8:00 a.m. The day-long conference will feature five panel discussions and policy suggestions.

This conference will focus on the current challenges and opportunities in the financial industry in Bangladesh with special emphasis on improving the fundamental structures necessary to contribute to the uninterrupted flow of capital and the development of the commercial sectors and social development. Other key sessions will cover Corporate Social Responsibility (CSR), Green Banking, industry regulation, electronic banking, and the role of Information Technology and Data Management Security to protect from cyber attack.

 

The conference, coming in the heels of the recent cyber-theft, when foreign hackers attempted to siphon off $101 million from Bangladesh Bank’s account with the Federal Reserve Bank of New York, is a wake-up call for every central bank in the world. The task before Bangladesh, particularly the government officials, central bankers, and cyber-security experts is to identify steps to prevent such occurrences in future and track down the hackers. While the matter is still being investigated by the experts, and reviewed by a blue-ribbon committee lead by a former BB Governor, the heightened concern has provided this conference an opportunity to bring together various voices from the banking world, security professionals, and top-notch IT managers from around the globe to share their perspectives and develop a strong cyber security platform to protect the interests of all stakeholders in the industry.

International Conference on “Banking, Finance and Sustainable Development in Bangladesh” at Harvard University, Cambridge, Massachusetts, USA. 

Cornelius K. Hurley, PhD

Cornelius K. Hurley, PhD

Professor of the Practice of Banking Law
Boston University

Nurul Aman, PhD

Nurul Aman, PhD

Professor
Umass Boston

Albert K. Shen

Albert K. Shen

National Deputy Director
U.S. Department of Commerce

Angela Ambroz

Angela Ambroz

Senior Research and Training Manager
EPoD - Harvard Kennedy School.

Abu Jalal, PhD

Abu Jalal, PhD

Professor
Suffolk University

Mashiur Rahman, PhD

Mashiur Rahman, PhD

Economic Adviser
Government of Bangladesh

Sandra Rahman, PhD

Sandra Rahman, PhD

Professor
Framingham State University

Nien-he Hsieh, PhD

Nien-he Hsieh, PhD

Professor
Harvard Business School

Virginia Greiman, Phd

Virginia Greiman, Phd

Professor
Harvard Law School

Rogerio Studart, PhD

Rogerio Studart, PhD

Senior Fellow
Brookings Institution

Min Ye, PhD

Min Ye, PhD

Professor
Boston University

John Boyd, PhD

John Boyd, PhD

Professor
University of Minnesota

Emily Breza, PhD

Emily Breza, PhD

Professor of Finance and Economics
Columbia University

Scott Bradner

Scott Bradner

Senior Technology Consultant
Harvard University

Matthew Gardner, PhD

Matthew Gardner, PhD

Managing Partner
Sustainserv

Mohiuddin Khan Alamgir, PhD

Mohiuddin Khan Alamgir, PhD

Member of Parliament - Bangladesh
Chairman - Farmers Bank Limited

Robert Greene

Robert Greene

Mossavar-Rahmani Center for Business & Government
Harvard Kennedy School

Md. Tabarak Hossain Bhuiyan

Md. Tabarak Hossain Bhuiyan

Deputy Managing Director
Prime Bank Limited

Paul H. McGillicuddy

Paul H. McGillicuddy

Defense Consultant
Cyber Security Expert

Patrick Murck

Patrick Murck

Fellow, Berkman Center for Internet & Society
Harvard University

Session I: Finance and Banking in Bangladesh - Industry Outlook

 

The emphasis of the policy makers over the last couple of decades has been to encourage a robust private sector. With this goal in mind, a large number of private banks have been approved. In the context of such competition, this session will concentrate on how the banking industry has fared in Bangladesh and whether this competition has been a boon for the country. We will discuss how the banks can continue to serve the people of Bangladesh while staying profitable and sustainable with continuous innovation and growth. The session will incorporate a detailed understanding of the implications of the cooperation among policy makers, the banking industry leaders and corporate executives on how the Bangladeshi banks operate and how capital formation and investments are being supported in the current environment.

 

Session II: Transformation and Innovation Opportunities for Bangladesh Banking Industry

 

It is important to note that the Bangladeshi banking industry has a unique set of challenges and opportunities. Small and medium businesses are now part of the landscape and need support from the banking sector. The government is promoting both geographical diversity and minority and women businesses. The presenters in this session will explore the innovative ventures of the Bangladeshi banking industry. and suggest other paradigms. For example, there is a greater emphasis of mobile banking and a large number of people are engaged in mobile phone based banking. There are steps that are taken by the policy makers to emphasize better governance, electronic tracking of large loans, encouragement of SME loans, etc. We will discuss their efficacy and explore ways to encourage more innovation and greater accountability so that the banking industry can achieve its potential.

 

Session III: Corporate Social Responsibilities and Sustainable Development: Role of the Banking Sector

 

This panel will bring the importance of Corporate Social Responsibility (CSR) and its contribution to social innovation for sustainable banking in Bangladesh. The discussion will focus in the context of both theoretical and practice oriented CSR implications with case studies. This panel will also emphasize the role of CSR in banking sector to integrate business, society, and technology- a new approach of banking in the digital era. The indispensable nature of the CSR will be the key point of business strategy for sustainable banking enterprise in the rapidly changing social and environmental (ecological) institutions in Bangladesh. This session will conclude with the perspectives of integration of the CSR across the institutions of banking, financial (in general), social, community and regulations.

 

Session IV: Cyber Security in Banking Industry and Financial Transactions in Digital Age

 

The recent incident where foreign hackers attempted to siphon off $101 million from Bangladesh’s Central Bank’s account with the Federal Reserve Bank of New York is a wake-up call for the central bank. The task before the financial industry, particularly government officials, central bankers, and cyber-security experts is to identify steps to prevent such occurrences in future and track down the offenders. The heightened concern has provided this conference an opportunity to discuss on the importance of cyber security and the role of legislation and the Bank Management to strengthen its effort to build and develop a strong cyber security platform to protect the interests of all stakeholders in the industry. Conversation will be around how to protect the flow of great deal of financial data duly processed digitally around the clock requires constant surveillance with sophisticated Information Technology Platform.

 

Session V: Sustainable Development Goals and Policy Implications for Regulations

 

The discussion will focus primarily on the importance of achieving Sustainable Development Goals (SDGs) to eliminate poverty and enhance social and economic prosperity. The SDGs needs a paradigm shift from traditional structure of financial institutions. In this context, the policy recommendations will be made to build an effective cooperation and coordination between the regulators, policy makers and the Bank Management to achieve successful SDGs. The role of the World Bank, IMF, and other international financing groups will also be discussed in this session. The panel discussion will also address the role of the regulations of Bangladesh government and its expected cooperation in promoting growth and innovation for greater interest of the business entrepreneurship.

Please register here to participate at the International Conference on “Banking, Finance and Sustainable Development in Bangladesh” at Harvard University, Cambridge, Massachusetts, USA. 


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International Conference on “Banking, Finance and Sustainable Development in Bangladesh” at Harvard University, Cambridge, Massachusetts, USA. 

Bangladesh Conference 2016 at Harvard University: Banking, Finance and Sustainable Development in Bangladesh

Bangladesh Conference 2016 at Harvard University: Banking, Finance and Sustainable Development in Bangladesh

Banking, Finance and Sustainable Development in Bangladesh

Date: Friday, 15th April 2016 at Harvard University

International Sustainable Development Institute

Bangladesh Bank

South Asian Professionals and Students at Harvard University


Start Date: 15th April, 2016 (08:00:00am)
End Date: 15th April, 2016 (05:00:00pm)
Harvard University, Rosovsky Hall, 52 Mt. Auburn Street, Cambridge MA 02138
International Sustainable Development Institute (ISDI)

The existence of a well-functioning financial industry is indispensable for capital formation and the development of Bangladesh. The banks and the financial institutions in Bangladesh are working on improving the fundamental structures necessary to contribute to the uninterrupted flow of capital and the development of the commercial sectors and social development. This Conference on developing a sustainable Finance and Banking Industry in Bangladesh is thus designed to focus on the current challenges and opportunities in the financial industry in Bangladesh. Corporate Social Responsibility (CSR) is fast gaining acceptance in Bangladesh as the contribution that businesses can and should make voluntarily towards environmentally sustainable and socially equitable development. The concept of Green Banking and the approach of aligning social impact activities with their core business strategies is gaining popularity only recently. Our goal is to provide a pathway for the banking and finance industry to a greater integration with the global financial systems and better alignment with societal advancement. Whether it's developing the technological infrastructure and processes to integrate with the global markets, identifying improvements in governance, or creating the necessary risk management models, we will seek to foster a sustainable environment for the engagement of academics, policy makers, and practitioners.

International Sustainable Development Institute

South Asian Professionals and Students at Harvard University

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International Sustainable Development Institute (ISDI) is a Boston, United States based non profit research organization exploring the inter-relationship among Trade, Technology, Environment, Climate Change, Infrastructure, and Global Sustainable Development with a focus on South Asia.


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