05 October 2023
From September 20 to 22, a delegation of 5 employees of the Fund of Problem Loans took part in the 7th IPAF Summit and International Conference, dedicated to the 10th anniversary of IPAF.
International Public Asset Management Company Forum or IPAF is an association of public distressed asset management companies and deposit guarantee organizations in Asia, united under the auspices of the Asian Development Bank to support regional cooperation on ensuring the sustainability of the financial sector in Asia.
The creation of IPAF was initiated in 2012 by the Korea Asset Management Corporation (KAMCO) and the Ministry of Finance of Vietnam and supported by the Asian Development Bank.
IPAF was founded in 2013 by 7 asset management companies from 5 countries, including the Kazakhstan Fund of Problem Loans. IPAF currently has 17 members from 8 countries.
The events were organized by Indonesian asset management company PT Perusahaan Pengelola Aset with support from the Asian Development Bank and the Ministry of State-Owned Enterprises of Indonesia.
The events were attended by representatives of government agencies from a number of Asian countries, experts from international financial institutions and companies, as well as IPAF members.
The IPAF International Conference on the theme “Stronger Recovery through Regional Financial Cooperation” was mainly devoted to developing solutions aimed at eliminating the global threats caused by the consequences of the COVID-19 pandemic and the aggravation of the geopolitical situation in the world.
In particular, this year the IPAF Conference was held within the framework of three key sessions:
1. Safeguarding Financial Stability in Asia amid Challenging Times;
2. Regional Cooperaton and Integraton for Financial Development and its implicaton for IPAF;
3. Innovatve Soluton for Tackling NPLs in Asia; Implementaton for an Online NPL Trade Platorm.
Speakers of the first and second sessions made reports on current macroeconomic trends and the state of the financial sector in the world and the region, as well as on the measures necessary to eliminate the consequences of the crisis. During the second session, Kanat Tastambekov, Head of the Budget Lending Division of the Department of the Budget Lending, the National Fund of the Republic of Kazakhstan and Interaction on Issues of the Financial Sector of the Ministry of Finance of the Republic of Kazakhstan, gave an overview of the current situation in Kazakhstan.
The final session of the IPAF Conference was devoted to the issues of stimulating the secondary market for distressed assets through the development of NPL trading platforms. One of the speakers at this session was the Director of the Department of Banking Analytics and Stress Testing of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, Ivan Moisov.
To learn more about the activities, history and upcoming events of IPAF, please follow the link https://ipafasia.org/