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SEACEN Podcast

SEACEN Podcast

By The SEACEN Centre Podcast

The SEACEN Centre aims To be the Regional Research and Learning Hub for Central Banks in the Asia-Pacific Region.
Questions? Comments? Send them to podcast@seacen.org
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Season 6 Episode 1: The SEACEN Capital Flows Monitor - Reissue!

SEACEN PodcastJan 19, 2024

00:00
47:08
Season 6 Episode 1: The SEACEN Capital Flows Monitor - Reissue!
Jan 19, 202447:08
Season 5 Episode 2: The Collapse of Silicon Valley Bank - [Developing Story]

Season 5 Episode 2: The Collapse of Silicon Valley Bank - [Developing Story]

Ole and Mark are back, this time discussing the biggest news of the past few days: the collapse of Silicon Valley Bank, a major financier for venture capitalists, tech start-ups and other Silicon Valley outfits, the federal government's response, and possible early lessons, if any, for SEACEN's stakeholders.

Disclaimer:The views, thoughts, and opinions expressed are the speakers' own and do not represent the views, thoughts, and opinions of The SEACEN Centre. 


Mar 15, 202343:42
Season 5 Episode 1: In Conversation with Prof. Leef Dierks

Season 5 Episode 1: In Conversation with Prof. Leef Dierks

It's the first episode of a brand new season in 2023, and Mark McKenzie and Ole Rummel are joined by Prof. Leef Dierks, a guest to the Centre under the Visiting Scholar Programme.  He is Professor of International Capital Markets at the Lübeck University of Applied Sciences. Prior to joining the Lübeck University of Applied Sciences in July 2013, Leef was a Fixed Income Strategist at Barclays Capital and then Head of Covered Bond Strategy at Morgan Stanley.

In this episode, our hosts and Prof. Dierks talk about trust in Economic Policymaking and implications for the current situation, monetary policy transmission, the pitfalls and benefits of various inflation measures and discuss the Sacrifice Ratio. 


Mar 08, 202340:57
Season 4 Episode 2: Inflation Growth and Financial Stability

Season 4 Episode 2: Inflation Growth and Financial Stability

Mark McKenzie and Ole Rummel are joined by Prof. Hans Genberg, Professor of Economics at the Asia School of Business, and Prof. Steven Cecchetti, who is the Rosen Chair in International Finance at the Brandeis International Business School as they discuss inflationary outlooks around the world, energy prices, and discuss the global economic impact of latest world events.

Jun 22, 202249:06
Season 4 Episode 1: Sanctions and Crypto Assets

Season 4 Episode 1: Sanctions and Crypto Assets

Mark McKenzie and Ole Rummel are back on air, ahead of a special webinar on the same topic coming up on 25 March 2022.

Mark and Ole explore  the potential for digital assets and cryptocurrencies to lessen the  impact of sanctions and provide food for thought on steps that SEACEN members and stakeholders can take to scrutinize the use of digital  assets.

Some key questions:

  • What are sanctions?
  • Can digital assets and cryptocurrencies be used to evade sanctions?
  • What should businesses, including banks, in the SEACEN stakeholder space do to mitigate the risk?
Mar 21, 202232:17
Season 3 Episode 7 - Challenges and Policy Options for Central Banks in Small, Open and Financially Integrated Economies

Season 3 Episode 7 - Challenges and Policy Options for Central Banks in Small, Open and Financially Integrated Economies

Dr. Mangal Goswami, Executive Director of the SEACEN Centre, talks to  former Governor Már Guðmundsson about Iceland’s crisis and recovery and  the lessons learned. More generally they discuss the challenges facing  central banks in small, open and financially integrated economies  (SOFIES) due to cross-border financial integration and volatile capital  flows. Preserving monetary and financial stability in SOFIES requires  more instruments than generally deployed before the great financial  crisis (GFC), such as foreign exchange interventions, macroprudential  tools and capital flow management tools, that in turn gives rise to the  need to develop an integrated policy framework. Finally, they discuss to  what degree these lessons are relevant in the current crisis.

The  views of former Governor Már Guðmundsson on these issues are shaped by  his terms at the Central Bank of Iceland from August 2009 to August 2019  but also by his work at the Bank for International Settlements (BIS) as  the Deputy Head of its Monetary and Economic Department from 2004-2009.  He was a chairman of a regular meeting at the BIS of Governors from  small open economies 2017-2019.

Apr 29, 202045:35
Season 3 - Episode 6: In Conversation with Matteo Maggiori

Season 3 - Episode 6: In Conversation with Matteo Maggiori

On 3 April, Özer and Ole spoke to Matteo Maggiori, Associate Professor of Finance at the Stanford Graduate School of Business, about his research with Antonio Coppola (Harvard University), Brent Neiman (University of Chicago) and Jesse Schreger (Columbia University) on international capital movements (www.globalcapitalallocation.com) . Their aim was to shed light on how capital moves around the world. After painstaking data collection and careful analysis, the results present challenges to current orthodoxy. While official statistics capture the aggregate amount of cross-border capital flows, accounting for the ultimate nationality of the borrower rather than the location of the intermediary that does the borrowing matters considerably. For example, capital flows to emerging market economies according to their calculation are much bigger than previously thought. We discussed this point as well as some other implications of their findings.

Apr 15, 202042:12
Season 3 - Episode 5: In Conversation with Prof. Dr. Didier Cossin

Season 3 - Episode 5: In Conversation with Prof. Dr. Didier Cossin

In this Podcast, Geraldine Joseph, SEACEN Centre Senior Analyst, has a  conversation with Professor Dr. Didier Cossin, founder and director of  the Global Board Centre of the International Institute for Management  Department (IMD), Switzerland, and Professor of Finance and Governance  at IMD.  Professor Cossin is the originator of the Four Pillars of Board  Effectiveness methodology and an advocate of Stewardship. In his work  with Boards of both public- and private-sector organisations across the  world, Professor Cossin helps them enhance organisational performance  through strategy involvement; best-in-class decision-making; promotion  of board culture; and general governance, including board restructuring.  Over the course of this conversation, he will be sharing his  perspectives for effective central bank governance, based on his very  own 4-pillar framework.

Apr 08, 202040:01
Season 3 - Episode 4: Podcast with Mr. Rajeev Peshawaria, former Executive Director of Executive Education, Asia School of Business, Kuala Lumpur.

Season 3 - Episode 4: Podcast with Mr. Rajeev Peshawaria, former Executive Director of Executive Education, Asia School of Business, Kuala Lumpur.

In this SEACEN STEP UP TO LEAD Podcast, Geraldine Joseph, SEACEN  Centre Senior Analyst, engages with Mr. Rajeev Peshawaria, former  Executive Director of Executive Education, Asia School of Business,  Kuala Lumpur, who completed his term at end-March 2020. 

Rajeev’s prior  professional experience includes being the CEO of the Iclif Leadership  and Governance Centre, Kuala Lumpur, and the Chief Learning Officer for  both Coca Cola and Morgan Stanley. Apart from being a heavily  sought-after international speaker, he is the author of two  thought-provoking best sellers: Open Source Leadership; and Too Many  Bosses, Too Few Leaders.  Rajeev has been named as one of the Top 100  Global Thought Leaders for Trustworthy Business by Trust Across America.   In this podcast, Rajeev shares his nuggets of wisdom on what it takes  to lead effectively, based on his profound experience as a leadership  development consultant and a C-suite leader in a number of  organisations.

Apr 03, 202038:21
Season 3 - Episode 3: COVID-19

Season 3 - Episode 3: COVID-19

In this SEACEN Podcast, Glenn Tasky, Aziz Durrani and Mark McKenzie discuss COVID-19, financial stability and business continuity management (BCM) of central banks, stand-alone financial sector regulatory authorities, deposit insurance agencies (collectively, regulatory authorities), and financial institutions (FIs) themselves plays a central role.

Mar 19, 202030:09
Season 3 - Episode 2: 2019 in Review and predictions for 2020

Season 3 - Episode 2: 2019 in Review and predictions for 2020

In this episode, Mark is joined by Ole, Aziz Durrani, and Geraldine, all whom have been hosts of Season 2 episodes and they share insights from the podcast throughout 2019, and what they're each looking forward to in the year to come.

Feb 03, 202049:60
SEACEN Podcast Season 3 Episode 1 - In Conversation with Prof. Douglas Arner

SEACEN Podcast Season 3 Episode 1 - In Conversation with Prof. Douglas Arner

“BigTech” in the Financial Sector:  More Choice for the Consumer, More Challenges for the Regulator?

SEACEN financial sector supervision experts Mark McKenzie and Glenn Tasky talk with prolific writer and educator Professor Douglas Arner, Kerry Holdings Professor in Law and Co-Founder, Asian Institute of International Financial Law, Faculty of Law, University of Hong Kong, about the entry of BigTech – companies such as Facebook, Apple, Google, Microsoft, Amazon, Alibaba, and Tencent – into the provision of financial services such as lending, payments, and even exotic cross-border instruments such as stablecoins.  What are the benefits these big players bring, and what are the risks of allowing firms that are already big in other markets potentially dominate banking as well?

Jan 14, 202053:29
SEACEN Podcast Episode 18: Conversation with Dr Hans Genberg

SEACEN Podcast Episode 18: Conversation with Dr Hans Genberg

In this special episode in our "Step Up to Lead" series, SEACEN Faculty member from the Leadership and Governance Pillar, Ms.  Geraldine Joseph speaks with the former Executive Director of the Centre, Dr Hans Genberg, who is now with the Asia School of Business in Kuala Lumpur.

Oct 30, 201947:58
SEACEN Podcast Episode 17: In Conversation with Findlay MacPherson

SEACEN Podcast Episode 17: In Conversation with Findlay MacPherson

In this episode, Aziz Durrani speaks to Mr. Findlay Macpherson, who was  most recently Head of Commercial Real Estate, Asia Pacific at HSBC and  is an ex-Senior Technical Specialist from the Bank of England. Findlay  has had a long career in banking, having lived and worked in South  Africa, Singapore, Thailand and Hong Kong. Findlay discusses the  Commercial Real Estate market across Asia, and risks and issues inherent  in this business, as CRE exposures often result in losses and  subsequent bank failures if undertaken incorrectly. Findlay also draws  on his banking and regulatory experience and talks about how Central  Banks and Regulators can effectively supervise institutions in the  current climate, as they implement Risk Based Supervision, Basel III,  IFRS 9 and deal with a range of other challenges.

Sep 12, 201932:55
Episode 16: Conversation with Philip Stedman

Episode 16: Conversation with Philip Stedman

In this episode, Aziz Durrani is in conversation with Mr. Philip Stedman, CEO of Snoocode and Managing Director of Stedman Denny. Phil was previously a senior Technical Specialist at the Bank of England, where he worked alongside Aziz for 6 years, following the 2007/8 Financial Crisis. They discuss Phil’s background and expertise in emerging markets and talk about the key lessons he has learned from analysing corporate transactions and lending structures in developing economies, issues around identifying non-performing loans, how to challenge banks’ senior management and lessons and guidance Supervisors can draw from this in their day-today role.

Aug 08, 201935:55
Episode 15 with Malik Kotadia, Finnovation Labs Singapore

Episode 15 with Malik Kotadia, Finnovation Labs Singapore

In the run-up to the SEACEN Centre’s Policy Summit on Cyber Risk, held on 13-14 June 2019, Aziz Durrani, Senior Financial Sector Specialist at the SEACEN Centre, caught up with Malik Kotadia, one of the panellists at the summit. They discuss some of the key developments, issues and risks in the FinTech, cryptocurrency and blockchain world, as well as how banks and regulators should be responding to them. 

Jul 03, 201947:35
Episode 14: Assessing Culture and Mitigating Misconduct Risk

Episode 14: Assessing Culture and Mitigating Misconduct Risk

 In this Podcast, Glenn Tasky, SEACEN’s Director of Financial Stability  and Supervision / Payment and Settlement Systems, interviews Stephen  Scott and Jeff Kupfer of Starling Trust Sciences, LLC. Starling is a  behavioural sciences company that utilizes technology to assist in the  evaluation of culture of organizations, including banks and other  financial institutions. These evaluations can reveal deficiencies in a  bank’s culture that may point to heightened misconduct risk. The  Starling executives discuss the most prominent and most recent banking  scandals, and emphasize that culture within a bank (or any firm) is  contagious, and both executives and employees take their cues from their  peers – not necessarily from laws, regulations, and best practices – in  deciding on a course of action. 

Jun 21, 201947:56
Episode 13 - Conversation with Bank Negara Malaysia Deputy Governor Jessica Chew - Cyber Risks

Episode 13 - Conversation with Bank Negara Malaysia Deputy Governor Jessica Chew - Cyber Risks

In this  2nd episode in our series on Cybersecurity, Dr. Ole Rummel and Mr. Mark McKenzie spoke with Puan Jessica Chew, Deputy Governor of Bank Negara Malaysia responsible for financial stability which covers the regulation and supervision of banks, insurance companies, payment systems and money services.  The main subject of this conversation is cyber risks and financial stability. It was recorded as part of our lead up to the SEACEN Centre's Annual Policy Summit on Central Bank Leadership in Combating Cyber Risk in Kuala Lumpur, Malaysia, 13 -14 June 2019.

May 14, 201939:16
Episode 12 - Cybersecurity 2019, Part 1

Episode 12 - Cybersecurity 2019, Part 1

Dr Ole Rummel interviews Glenn Tasky, Director of the Financial Stability and Supervision/Payment and Settlement Systems pillar of the Centre about issues in Cybersecurity and Central Banking. This is part 1of 2 podcasts which lead up to the SEACEN Centre's Annual Policy Summit to be held in Kuala Lumpur, Malaysia, on 13 and 14 June 2019. 


Apr 08, 201942:35
Episode 11 - The Evolution of Central Banking

Episode 11 - The Evolution of Central Banking

In this episode, Dr Hans Genberg, the Centre's Executive Director, speaks to Grant Spencer, Former Governor of the New Zealand Reserve Bank on the above and his experiences as a senior central banker.

Feb 19, 201933:53
Episode 3/2018 - Cryptocurrencies: Similarities and Differences

Episode 3/2018 - Cryptocurrencies: Similarities and Differences

Ole and Mark talk about altcoins and compare them to bitcoin. They also talk about permissioned vs. permissionless, blockchain, and plug our upcoming Policy Summit in May 2018!

Feb 08, 201924:17
2018 Podcasts in Review

2018 Podcasts in Review

Dr. Rummel and Mark kick off the new year by recapping the topics we covered in the podcasts we did in 2018, including some clips from the various interviews we conducted. Also a sneak preview of next month's podcast!

Errata: During the recording of this podcast, Mark McKenzie incorrectly made reference to a “recent IMF Paper” between 20.16 – 20.20 mins, 24.30-20.34 mins and 32.56-33.00 mins. Please note the correct reference is: Bank for International Settlements (BIS) Working Papers No 765 “ Beyond the doomsday economics of “proof-of-work” in cryptocurrencies” by Raphael Auer of Monetary and Economic Department published in January 2019. The paper is available at https://www.bis.org/publ/work765.htm


Sound credits:

Initial 7 seconds of "We're back online"  by Kaptin_Random, from Freesound.org (https://freesound.org/people/Kaptin_Random/)used under the following Creative Commons license (https://creativecommons.org/licenses/by-nc/3.0/legalcode) Intro music from Accelerated Ideas (http://www.accelerated-ideas.com/freemusictracks/aisearchtracks.aspx?stxt=intro)

Feb 08, 201942:14
Podcast with Prof. William Black

Podcast with Prof. William Black

Glenn Tasky speaks to Dr. William K Black, Associate Professor of Economics & Law at the University of Missouri-Kansas City, and author of "The Best Way to Rob a Bank is to Own One". Dr. Black describes the epidemic of “control frauds,” massive frauds at banks that are orchestrated at the highest levels (directors and senior officers). Control frauds were rampant in the United States in the 1980s and have also existed in many other countries. He also discusses the potential for whistleblowing to alert regulators and other authorities about frauds occurring in banks before they get completely out of control.
Oct 17, 201801:29:34
Podcast with Pierre Siklos

Podcast with Pierre Siklos

Dr. Ole Rummel speaks to Pierre Siklos, SEACEN Visiting Scholar and Professor of Economics from Wilfrid Laurier University about Central Banks and Central Banking.
Oct 16, 201838:29
Technological Innovations and Strengthening Resilience of Payment Systems to Cybercrimes

Technological Innovations and Strengthening Resilience of Payment Systems to Cybercrimes

Ole and Mark talk to Umar Faruqui from the CPMI and Chackan Lai of Visa on opportunities around new technologies and challenges for policymakers as well as how they can respond.
Sep 28, 201836:24
The SEACEN Capital Flows Monitor
Jul 19, 201841:35
Podcast with Dr. Jean Pierre Landau

Podcast with Dr. Jean Pierre Landau

Dr. Ole Rummel and Mark McKenzie chat with Dr. Jean Pierre Landau, who has served as the Executive Director of the IMF and World Bank and now with the Economic Department of Sciences Po, Paris.
May 24, 201837:23
Podcast 4/2018 - American Default with Prof. Sebastian Edwards

Podcast 4/2018 - American Default with Prof. Sebastian Edwards

Dr. Ole Rummel chats with Prof. Sebastian Edwards, author of "American Default".
Apr 26, 201836:42
ICOs and Cryptocurrencies: To Regulate or not to Regulate

ICOs and Cryptocurrencies: To Regulate or not to Regulate

Dr. Ole Rummel and Mark McKenzie talk about the need for regulating Cryptocurrencies and Initial Coin Offerings (ICOs).
Feb 15, 201845:18
Bitcoin price dynamics: causes, consequences and possible policy responses

Bitcoin price dynamics: causes, consequences and possible policy responses

Mark McKenzie and Dr Ole Rummel of the SEACEN Centre share their views and insights on Bitcoin, its price dynamics and possible policy responses by regulators.
Jan 22, 201859:39