The Impact of COVID-19 on the Financial Sector

Hero banner announcements

Announcements

The Impact of COVID-19 on the Financial Sector


25 Aug 2020 @ 9:00 am (+8 GMT)

COVID-19 has affected the global economy on an unprecedented scale and likewise, trade-oriented Malaysia is not immune to these economic shocks. In addition to the immediate health impact, measures to combat the pandemic, such as global travel restrictions, lockdowns and social distancing, have had severe implications on economic growth, as they affect the way we do business. Following on from our earlier introductory session on Sustainable Finance,

“The Impact of COVID-19 on the Financial Sector”

aptly discusses a pertinent question: How can financial institutions prepare to weather the inevitable economic slowdown? Listen to the perspectives of industry stakeholders from banks, DFIs, rating agencies and SMEs on the resulting disruptions to the supply chain, rising unemployment levels, changes in consumer behaviour, and access to finance, and gain knowledge on how best to safeguard financial stability in these uncertain times.

As an AICB member, you are entitled to register for this webinar with our compliments. To register and secure your participation, please click on the button below.

Speaker's Profile

Ana Maria 150x150
Ana Maria Aviles

Senior Financial Sector Economist

The World Bank

Speaker
Ana Maria 150x150
Ana Maria Aviles

Senior Financial Sector Economist

The World Bank

Ana Maria Aviles is a senior financial-sector economist at the World Bank. She has more than 25 years of experience working in financial-sector policy, macroeconomics, sovereign risk, development financing, development financial institutions, and central bank operations. Over her professional career, Ana Maria has worked at the highest levels of global policy analysis and strategic dialogue, while also bringing to bear economic and financial analytical experience at the project and country level across different regions (e.g. Asia, Latin America, and Africa) and areas of expertise (e.g. financial stability, macro-financial monitoring, credit risk, banking sector, financial inclusion, correspondent banking, digital financial services, capital market development, and infrastructure financing). Prior to her current position, Ana Maria was an advisor to the Managing Director and CFO of the World Bank Group for five years. During her tenure at the World Bank, she also worked as a Country Economist in the Latin American Region and as a Sovereign Risk Analyst for the Credit Risk Department covering countries in Africa, Asia, Eastern Europe, and Latin America. Before joining the World Bank, she worked for a number of financial institutions including the Inter-American Development Bank (Washington, DC), the London Stock Exchange (London), and Citibank (Sao Paulo). Ana Maria started her career as a trader in the Open Market Operations of the Central Bank in Colombia. She is a Colombian national and holds a master’s degree in international affairs from the Johns Hopkins School of Advanced International Studies (SAIS) and a master’s degree in economics from the Universidad de los Andes in Bogotá, Colombia.

Promod 150x150
Promod Dass

Deputy Group Chief Executive Officer

RAM Holdings Berhad, Chief Executive Officer, RAM Sustainability Sdn Bhd

Panellist
Promod 150x150
Promod Dass

Deputy Group Chief Executive Officer

RAM Holdings Berhad, Chief Executive Officer, RAM Sustainability Sdn Bhd

Promod Dass is the Deputy Group CEO of RAM Holdings and CEO of RAM Sustainability (a wholly owned subsidiary of RAM). He leads RAM Group’s Sustainability Services and Environment, Social and Governance (ESG) analytics. Formerly the Deputy CEO of RAM Ratings Services Berhad (RAM Ratings), Promod has 24 years’ experience in the financial services industry, including 18 years at RAM Ratings. He began his career with Malaysian International Merchant Bankers Berhad. Since May 2016, he has been spearheading RAM Group’s involvement in the United Nations-supported Principles for Responsible Investment’s (PRI) Statement on ESG in Credit Ratings. Promod is also a member of PRI’s Advisory Committee on Credit Ratings. As an international sustainable finance champion, his speaking repertoire includes:

  • HSBC Sustainable Finance Forum 2019, Kuala Lumpur [25.7.2019]
  • UNEP FI Regional Roundtable for Sustainable Finance in Asia Pacific, Shanghai [5.6.2019]
  • UN Convention on Biological Diversity, COP 14, Egypt [17.11.2018]
  • PRI’s ESG in Credit Risk and Ratings Roundtable, Singapore [5.7.2018]
  • Climate Bonds Initiative’s 2018 Annual Conference, London [20.3.2018]
  • Sustainable Insurance Forum, Malaysia [27.10.2017]
  • ADB-WWF Sustainable Infrastructure, Hanoi [8.5.2017]
  • PRI in Person 2016 — Roadmap for ESG and credit ratings, Singapore [14.9.2016]
  • Global Infrastructure Basel’s High-level Session, Italy [13.6.2016]

Promod has an established track record as a bank credit rating analyst since 2000, when he joined RAM Ratings, and is a thought leader for the Malaysian & ASEAN bond markets and Islamic finance. In 2003, he was sent by RAM to Sri Lanka to set up a domestic credit rating operation. Promod holds a BSc (Honours) in Accounting and Financial Analysis from University of Warwick, UK.

RAM Sustainability

RAM Sustainability is the first ASEAN-based provider of sustainability ratings and green bond or sukuk second opinions. The company also has the distinction of being the first Registered Observer of the International Capital Market Association’s Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines in ASEAN. For further details, please refer to https://www.ram.com.my/sustainability/

Daud Vicary 150x150
Daud Vicary Abdullah

Managing Director

DVA Consulting Sdn Bhd

Panellist
Daud Vicary 150x150
Daud Vicary Abdullah

Managing Director

DVA Consulting Sdn Bhd

Daud Vicary Abdullah is currently the Managing Director of DVA Consulting, an Islamic Finance Advisory Firm, and a Partner at Gateway Global LLP. He is the former President and CEO of INCEIF, The Global University of Islamic Finance. Since 2002, he has focused exclusively on Islamic finance, where he has contributed to a number of books on the subject and has co-authored a book on Islamic finance entitled Islamic Finance: Why it Makes Sense. He is also a frequent speaker and commentator on matters relating to Islamic finance. Daud was the Global Islamic Finance Leader with Deloitte. He was also previously CEO of two Islamic banks in Malaysia. Currently, Daud is a founding member of the Board of Trustees of the RFI Foundation and the Otherdots Foundation. He is Chairman of the Advisory Board at IslamicMarkets.com and Fasset, and a former advisor on Islamic Finance to the IFRC.

Angelia 150x150 1
Angelia Chin-Sharpe, CPIF

Chief Executive Officer & Country Head, Malaysia

BNP Paribas Asset Management

Panellist
Angelia 150x150 1
Angelia Chin-Sharpe, CPIF

Chief Executive Officer & Country Head, Malaysia

BNP Paribas Asset Management

Angelia Chin-Sharpe is the CEO and Country Head for Malaysia for BNP Paribas Asset Management. She has over 20 years of experience in banking, capital markets and asset management. Angelia joined BNP Paribas Asset Management in 2007 and was responsible for the successful set up of its businesses in Malaysia. She was also Head of SEA Institutional Sales while posted in Singapore in 2010 before moving back to Malaysia in 2012. Angelia holds a Bachelor of Commerce, majoring in Accounting from Curtin University of Technology, Western Australia. She has completed her Chartered Islamic Finance Professional exams with INCEIF and is registered as a Chartered Professional in Islamic Finance (CPIF) with The Chartered Institute of Islamic Finance Professionals. Angelia was ranked the 14th most influential woman in Islamic banking and finance in the WOMANi 2019 report. She was ranked 34th in 2018. She was also awarded Community Achievement Award 2017 by the Malaysia Australian Alumni Council for her social work in The Lost Food Project. She also serves in the following roles with these organisations:

  • President & Founding Committee of The Lost Food Project
  • Treasurer with the Malaysian Association of Asset Managers (MAAM).
  • A member of the SC-BNM Joint Climate Change Committee
  • A member of the Reviewing Committee for the Continuing Professional Certification with the Securities Industry Development Corporation (SIDC).
Yusry 150x150
Yusry Yusoff

Chief Executive Officer

IBFIM

Moderator
Yusry 150x150
Yusry Yusoff

Chief Executive Officer

IBFIM

Yusry Yusoff is the Chief Executive Officer of Islamic Banking & Finance Institute Malaysia (IBFIM) since April 2017. He has 25 years of experience in various aspects of financial industry including regulatory supervision and licensing, fund management industry development, investor education, international standard setting and promotion of financial centre.

Prior to joining IBFIM, he had served Association of Islamic Banking Institutions Malaysia (AIBIM), Securities Commission Malaysia (SC), Islamic Financial Services Board (IFSB) and Bank Negara Malaysia (BNM). His experience includes, amongst others, developing and leading the standards implementation programmes for IFSB members, promoting the Islamic fund management industry under the Malaysia International Islamic Financial Centre (MIFC) initiative and developing Islamic finance training programmes for senior judges in collaboration with the Judicial Appointments Commission Malaysia. He was also involved with the Law Harmonisation Committee (LHC) of Bank Negara Malaysia, an initiative to harmonise Malaysian legal system to support the development of Islamic finance industry. His team assisted the LHC to incorporate Order 42A in the Malaysia’s Rules of Courts 2012 which recognises late payment charge in court proceedings. He and his team were also involved in a project to streamline the pronouncements of Shariah Advisory Council of BNM and SC as recommended by the Financial Sector Blueprint 2011-2020. During his tenure at AIBIM, he led the organisation of the Global Islamic Finance Forum in 2014 and 2016.

He holds LLB (Hons) degree from National University of Malaysia and a Master of Commercial Law from University of Melbourne. He was called to the Malaysian Bar in 1995.