FCO-IGIDR roundtable on "Building a BCD Nexus for India"
27th June, 2019
Venue: Konkan, Taj Lands End, Bandra West, Mumbai
The development of the bond market has been a long-standing stated policy objective and has been studied by several committees, set up from 2005 on wards. A key idea, that the Bond-Currency-Derivatives (BCD) markets are linked by arbitrage and that successful bond market reforms require each of these elements to be in place and to function effectively, was first put forward by the High Powered Expert Committee on Making Mumbai an International Financial Centre (Percy Mistry Committee) in 2007. While there has been progress on developing some of the elements of the BCD nexus, India has a long way to go before the bond market achieves its desired status as a credible source of finance for firms in the country. The Foreign & Commonwealth Office of the UK government has partnered with researchers at the Indira Gandhi Institute of Development Research to develop a note on:
- The key elements of building a BCD nexus for India,
- A review of the recommendations made by various committees in this regard and the status of implementation of these recommendations,
- The way forward for policy thinking in this area, that is the recommendations that remain to be implemented, and an attempt to prioritise them.
Agenda
| 09:30 - 10:00 | Registration, Coffee and Tea |
| 10:00 - 10:05 | Welcome address Susan Thomas, IGIDR, FRG |
| 10:05 - 10:10 | Opening remarks Rahul Ahluwalia, First Secretary (Financial ser- vices), British Deputy High Commission, Mumbai |
| 10:10 - 11:50 | Pressentation of the report [presentation] Anjali Sharma and Susan Thomas, IGIDR, FRG |
| 11:50 - 12:00 | Tea break |
| 12:00 - 01:30 | Panel Discussion: The way forward on bond
market development Jayesh Mehta, BAML Deep Mukherjee Ananth Narayan, S. P. Jain Sanjiv Shah, Fintech Enterpreneur Vidhu Shekhar, CFA Institute Nipa Sheth, Trust Capital Srinivas Varadarajan, Deutsche Bank Moderator: Ajay Shah, NIPFP |
| 01:30 - 01:35 | Closing remarks Hannah Mayer, Head of Economics and Finance, British High Commission, Delhi |
| 13:35 - 14:30 | Lunch |
