FINAL PROGRAM
Dates:
Time:
Language:

Tuesday to Friday, 7-10 December 2021
Starting from 10:00am (IST) / 12:30pm (HKT/SGT) daily
EnglishDAY 1(TUE, 7 DEC)DAY 2(WED, 8 DEC)DAY 3(THU, 9 DEC)DAY 4(FRI, 10 DEC)ACCESSING INDIA
MARKETSEQUITIES AND
POST TRADE

FIXED INCOME
AND FXOPERATING IN INDIA

10:00-13:40 (IST)
12:30-16:10 (HKT/SGT)

10:00-12:40 (IST)
12:30-15:10 (HKT/SGT)

10:00-13:00 (IST)
12:30-15:30 (HKT/SGT)

10:00-12:40 (IST)
12:30-15:10 (HKT/SGT)

Opening Keynote:
Anand Mohan Bajaj,
Additional Secretary,
Ministry of Finance, India

Opening Keynote:
Vikram Limaye, Managing
Director, CEO, National
Stock Exchange of India(NSE)

Opening Keynote:
Dimple Bhandia, Chief
General Manager, Financial
Markets Regulation
Department, Reserve Bankof India (RBI)

Opening Keynote:Will Obeney, First
Secretary, Financial Services
and Acting Head ofEconomics and Finance,Foreign, Commonwealthand Development Office

Panel 1: India’s Macros
and Micros - Setting theScene

Panel 1: PrimaryMarkets–ECM and IPOs

Panel 1: Debt Capital Market
development and Index
Inclusion

Panel 1: Data Localisation
and PrivacyPanel 2: Accessing India
from Offshore: A Focus on
FPIs, AIFs and brokerage
firmsPanel 2: SecondaryMarkets – Trading

Panel 2: FX, Funding &Hedging

Panel 2: Technology
Adoption in India’s CapitalMarkets: State of Play

Panel 3: International
Financial Services Centre(IFSC) at GIFT City

Panel 3: Post Trade andCustody

Panel 3: Developing India’s
Green Bond & Lending
Markets

Panel 3: Tax considerations
for India – On the Cusp ofFundamental Changes

Panel 4: ESG and
Sustainable Finance inIndia
Closing Keynote:
Shri Ananta Barua, WholeTime Member, Securities
Exchange Board of India(SEBI)

Closing Keynote:
Royston Braganza, CEOGrameen Capital, India

At ASIFMA, we are committed to ensuring diversity and inclusion in our workplace and this policy is applied in
all areas of our business including speaker roles at our events and conferences. We wish to work with members
and partners who share this same commitment and are willing to support this policy.

DAY 1 – TUESDAY, 7 DECEMBER 2021
ACCESSING INDIA MARKETS
10:00-10:02 (IST) / 12:30-12:32 (HKT/SGT)
Welcome Remarks
Mark Austen, CEO, ASIFMA
10:02-10:05 (IST) / 12:32-12:35 (HKT/SGT)
Opening Remarks
Badri Nivas, Managing Director, Country Treasurer & Head - Markets & Security Services, Citibank
10:05-10:20 (IST) / 12:35-12:50 (HKT/SGT)
Opening Keynote
Anand Mohan Bajaj, Additional Secretary, Ministry of Finance, India
10:20-11:05 (IST) / 12:50-13:35 (HKT/SGT)
Panel 1: India’s Macros and Micros - Setting the Scene*Recording and On-demand playback will not be available for this session*•What has been the impact of Covid-19 on the India capital/financial market and what is the future prospect
for recovery and return normalcy? What will be the needs of India for capital (both equity and debt) fromforeign investment in the next 3 to 5 years?
•How is India continuing to reform its markets to attract global investment as it emerges from Covid-19 in alandscape where EM and Developed markets will be all competing heavily for scarce capital? What are someof the recent and expected key market and regulatory developments? What has been the impact on foreignflows recently and expected in the future?
•What do global investors need to see to grow their investments in India?
•What do banks require to grow their operations in India?
•How is tech changing India markets if at all?
Panelists:Kenneth Akintewe, Head of Asian Sovereign Debt, Asian Fixed Income, abrdn
Dr. Samiran Chakraborty, Managing Director and Chief Economist - India, Citigroup
Rajesh Gandhi, Partner, Deloitte Haskins & Sells LLP
Moderated by: Mark Austen, CEO, ASIFMA
11:05-11:50 (IST) / 13:35-14:20 (HKT/SGT)
Panel 2: Accessing India from Offshore: A Focus on FPIs, AIFs and Brokerage firms•
Overview of the various access channels•
Recent developments that have smoothened access for offshore investors to the onshore liquidity pool•
Remaining regulatory, tax and practical challenges and recommendations to resolved these
Panelists:
Akshay Thakurdesai, Head of Securities Services India, BNP Paribas Securities Services
Vivek Sharma, Head International Clients Group, Edelweiss Wealth Management
Sunil Badala, Partner, KPMG
Nehal D Sampat, Associate Partner, Price Waterhouse & Co LLPYash Bansal, Partner, Trilegal
Moderated by: Laurence Van der Loo, Executive Director, Head of Technology and Operations, ASIFMAPage 2

11:50-12:35 (IST) / 14:20-15:05 (HKT/SGT)
Panel 3: International Financial Services Centre (IFSC) at GIFT City•
Recent regulatory changes in IFSC
•Setting up on GIFT City – practical experiences•Advantages of setting up GIFT-IFSC•
Remaining challenges from a practical, regulatory, tax perspective
Panelists:
Dipesh Shah, Executive Director, Development, International Financial Services Centres Authority
Anupam Verma, Head, International Banking Unit IFSC GIFT City, ICICI Bank
Ravi Varanasi, Group President, National Stock Exchange of India Limited (NSE)
Tushar Sachade, Partner, Price Waterhouse & Co LLP
Richard Pattle, Cofounder and CEO, True BeaconModerated by: Shruti Rajan, Partner, Trilegal
12:35-13:20 (IST) / 15:05-15:50 (HKT/SGT)
Panel 4: ESG & Sustainable Finance in India•
Policy Environment in India – climate change, environmental standards•
ESG requirements for India-listed Companies•
Disclosure standards in India•
Climate related risk management in India•
Building blocks for developing Sustainable Finance in India
Panelists:
Sean Kidney, CEO, Climate Bonds Initiative
Alex Cooper, Lawyer - Corporate/Finance and Climate Change, Commonwealth Climate and Law Initiative
Martijn Hoogerwerf, Head of Sustainable Finance Asia-Pacific (ad interim), ING
Deepak Khurana, Propositions Sales Director, Sustainable Finance, Refinitiv, an LSEG BusinessPriyanka Dhingra, Senior Manager, ESG Research (Investments), SBI Funds Management
Moderated by: Sivananth Ramachandran, CFA, CIPM, Director of Capital Markets Policy, India, CFA Institute13:20-13:35 (IST) / 15:50-16:05 (HKT/SGT)
Closing Keynote
Shri Ananta Barua, Whole-Time Member, Securities Exchange Board of India (SEBI)
13:35-13:40 (IST) / 16:05-16:10 (HKT/SGT)
Closing Remarks
Mark Austen, CEO, ASIFMAPage 3

DAY 2 – WEDNESDAY, 8 DECEMBER 2021
EQUITIES AND POST TRADE
10:00-10:02 (IST) / 12:30-12:32 (HKT/SGT)
Welcome Remarks
Lyndon Chao, Managing Director – Head of Equities and Post Trade, ASIFMA
10:02-10:05 (IST) / 12:32-12:35 (HKT/SGT)
Opening Remarks
10:05-10:20 (IST) / 12:35-12:50 (HKT/SGT)
Anju Abrol, Head of Wholesale Banking, Asia Pacific, ING
Opening Keynote
Vikram Limaye, Managing Director, CEO, National Stock Exchange of India (NSE)
10:20-11:05 (IST) / 12:50-13:35 (HKT/SGT)
Panel 1: Primary Markets – ECM and IPOs
•India bull market, 2021 a record year for IPO’s and a magnet for FPIs
•Record number of India tech start-ups entering the Unicorn club•
IPO reforms paying off – streamlined IPO application process, shorter listing cycles, relaxation around lock inperiods
Panelists:
Jibi Jacob, Managing Director & Head Capital Markets, Investment Banking, Edelweiss Wealth Management
Rachana Bhusari, Head Primary Market Business Development, National Stock Exchange of India (NSE)
Mohan Bhuyan, India Representative – Primary Markets, London Stock Exchange, Capital Markets, LSEG
Moderated by: Rajat Agarwal, Asia Equity Strategist, Societe Generale
11:05-11:50 (IST) / 13:35-14:20 (HKT/SGT)
Panel 2: Secondary Markets – Trading•This session will be covering success stories during the time of the pandemic, but also how businesses need tocome back to normal to further the growth potential in the market.
•
Evolution of the Indian Markets
Stampeding herd of millennials piling into India’s stock market as Sensex hits new highs
Fintech democratizing algo trading for the masses•
Indian Capital Markets, Strengths and Weaknesses from the Foreign Participant Perspective•Product Development – Where Next for Derivatives: FX, Digital Assets, etc.
Panelists:Arbind Maheswari, Managing Director and Head of India Equities, BofA Securities
Jonathan Finney, Head of Global Equity Development, Citadel Securities
Shiv Sehgal, President and Head of Institutional Securities, Edelweiss Wealth Management
Hari K, Chief Business Officer, National Stock Exchange of India Limited (NSE)
Moderated by: Winnie Khattar, Head of Market Structure, BlackRock
11:50-12:35 (IST) / 14:20-15:05 (HKT/SGT)
Panel 3: Post Trade and Custody *Closed to Media session*•The sprint towards T+1, and balancing benefits vs the challenges•Demystifying CCP Issues in India•"Post Impact Analysis" of past regulatory changes and initiatives
Panelists:
Vaisshali Babu, Associate Director, Securities Services - India, BNP Paribas
Andrew Peretti, Equities Trader, Fidelity
Piyush Chourasia, Chief Risk Officer & Head – Strategy, ICCL
Sujit Kadakia, Managing Director, Head of India Office, Societe Generale Securities India
Moderated by: Aditya Sharma, Managing Director and Head of Securities Services South Asia, Citibank
12:35-12:40 (IST) / 15:05-15:10 (HKT/SGT)
Closing Remarks
Lyndon Chao, Managing Director – Head of Equities and Post Trade, ASIFMAPage 4

DAY 3 – THURSDAY, 9 DECEMBER 2021
FIXED INCOME AND FX
10:00-10:02 (IST) / 12:30-12:32 (HKT/SGT)
Welcome Remarks
Philippe Dirckx, Managing Director – Head of Fixed Income, ASIFMA
10:02-10:05 (IST) / 12:32-12:35 (HKT/SGT)
Opening Remarks
Ranjit Pawar, Head of Sales South Asia, Refinitiv
10:05-10:20 (IST) / 12:35-12:50 (HKT/SGT)
Opening Keynote
Dimple Bhandia, Chief General Manager, Reserve Bank of India (RBI)
10:20-11:05 (IST) / 12:50-13:35 (HKT/SGT)
Panel 1: Debt market development and index inclusion•
Index inclusion: where do we stand?
•Streamlining the access channels•
Simplifying tax regime and other regulatory requirements•
Bond issuance and on/off-the-run liquidity•
Developing the credit bond and CDS market•
Short selling and Securities Borrowing and Lending•
Broadening the international investors’ access to various asset classes and hedging/funding tools
Panelists:
Alastair Gilmour, Fixed income & Trading, Capital Group
Badri Nivas, Managing Director, Country Treasurer & Head - Markets & Security Services, Citibank
Tim Batho, Chief Strategist, Index Policy, Asia Pacific, FTSE Russell
Balaji Balasubramanian, Partner, Financial Services, Tax & Regulatory Services, PricewaterhouseCoopers Private Limited
Moderated by: Philippe Dirckx, Managing Director – Head of Fixed Income, ASIFMA
11:05-11:50 (IST) / 13:35-14:20 (HKT/SGT)
Panel 2: FX, Funding & Hedging•Does offshore activity still influence the onshore FX rate?
•
What prevents international investors from managing their interest rate and FX risk/exposure onshore?
•What can be done to generate deeper liquidity in the domestic market?
•What impact do product restrictions have for market participants ability to hedge and fund their domestic
exposures?
•Is the domestic Repo market an effective source of funding?
Panelists:Nathan Venkat Swami, Asia Pacific, Head of FX Trading, Citibank
Utkarsh Sharma, Head - Trading, Global Emerging Market, Deutsche Bank, India
Soumyo Dutta, Group Treasury Head, Reliance
Vaneet Gupta, Head, FX Trading, Standard Chartered Bank
Moderated by: John Ball, Managing Director – Global FX Division – Asia Pacific, GFMA
11:50-12:40 (IST) / 14:20-15:10 (HKT/SGT)
Panel 3: Developing India’s Green Bond & Lending Markets•Why does India need a green bond market?
•What are the constraints – is their demand from issuers, and is the met by demand from investors?
•What role can regulation play to help develop this market? What else needs to happen from a regulatory
and policy perspective?
Panelists:
Andrew Ashman, Head of Loan Syndicate, Asia Pacific, Barclays
Royston Braganza, CEO, Grameen Capital India
Shoaib Ahmed, Director, Global Capital Markets, ING
Moderated by Mushtaq Kapasi Managing Director, Chief Representative Asia-Pacific, International Capital Market
Association (ICMA)
12:40-12:55 (IST) / 15:10-15:25 (HKT/SGT)
Closing Keynote
Royston Braganza, CEO, Grameen Capital India
12:55-13:00 (IST) / 15:25-15:30 (HKT/SGT)
Closing Remarks
Philippe Dirckx, Managing Director – Head of Fixed Income, ASIFMAPage 5

DAY 4 – FRIDAY, 10 DECEMBER 2021
OPERATING IN INDIA
10:00-10:02 (IST) / 12:30-12:32 (HKT/SGT)
Welcome Remarks
Laurence Van der Loo, Executive Director, Head of Technology and Operations, ASIFMA
10:02-10:05 (IST) / 12:32-12:35 (HKT/SGT)
Opening Remarks
Balaji Balasubramanian, Partner, Financial Services, Tax & Regulatory Services,
PricewaterhouseCoopers Private Limited
10:05-10:20 (IST) / 12:35-12:50 (HKT/SGT)
Opening Keynote
Will Obeney, First Secretary, Financial Services and Acting Head of Economics and Finance, Foreign,
Commonwealth and Development Office
10:20-11:05 (IST) / 12:50-13:35 (HKT/SGT)
Panel 1: India’s Data and Privacy Requirements *Closed to Media session*•Regulatory landscape – what is the overall data regulation framework in India, and what are its objectives?
•What are the key challenges posed by this approach on financial services firms?
•How do other jurisdictions approach the same policy objectives?
Panelist:
Elizabeth Purcell, Regional Technology Counsel, Asia Pacific, Bank of New York Mellon
Anand Krishnan, Manager, Policy, Data Security Council of India (DSCI)
Anoop Vasu, Senior Legal Counsel, Standard Chartered BankBill Block, Treasury Attaché, US Embassy India
Moderated by: Nikhil Narendran, Partner, Trilegal
11:05-11:50 (IST) / 13:35-14:20 (HKT/SGT)
Panel 2: Technology adoption in India’s capital markets: State of play•
Leveraging public cloud in India•
DLT adoption India’s capital markets•
Leveraging the India stack for capital markets•Crypto crackdown versus India’s CBDC plans
Panelists:Bikram Bedi, Managing Director, Google Cloud India
Kumar Goradia, Partner, Anapro Strategies LLP
Ashish Kabra, Head – Singapore Office, Nishith Desai Associates
Meghavi Chauhan, Assistant Vice President, Technology Innovation, Refinitiv, an LSEG Business
Moderated by: Laurence Van der Loo, Executive Director, Head of Technology and Operations, ASIFMA
11:50-12:35 (IST) / 14:20-15:05 (HKT/SGT)
Panel 3: Tax considerations for India – On the Cusp of Fundamental Changes•International tax developments (OECD BEPS Pillars 1 & 2) – impact on India capital markets•Tax policy outlook for India – equalization levy, bond index inclusion and other key asks•
IFSC – have we onshored the offshore?
•ES'G' tax disclosures – the evolving approach towards transparency
Sunil Kothare, Senior Tax Counsel, HDFC Bank
Amit Patwardhan, Head of Tax (India), HSBC
Marc Marriner, Executive Director, JP Morgan
Amit Phulwani, Partner – Tax and regulatory, KPMG
Moderated by: Sanjay Tolia, Partner, Price Waterhouse & Co LLP
12:35-12:40 (IST) / 15:05-15:10 (HKT/SGT)
Closing Remarks
Laurence Van der Loo, Executive Director, Head of Technology and Operations, ASIFMAPage 6

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