Financial Stability and Financial Sector Supervision: Lessons from the Past Decade and Way Forward
December 17, 2007, Tokyo, Japan
IMF Regional Office for Asia and the Pacific (OAP), 21 COE-Market Quality Project of Keio University, and the Financial Research and Training Center (FRTC) of Japan’s Financial Services Agency (FSA) hosted the conference on “Financial Stability and Financial Sector Supervision: Lessons from the Past Decade and Way Forward”, which took place in Tokyo, Japan on December 17, 2007.
The conference brought together a select group of senior officials from the Asia-Pacific region, IFIs, academics, private sector representatives and other stakeholders to review the progress in banking reform and financial sector supervision and examination over the last 10 years. Discussions focused on the readiness of financial systems in developing countries in the region to cope with ongoing changes in the global financial landscape, including through an effective implementation of the Basel II standards.
Languages: English with English/Japanese simultaneous interpretation.
Conference Venue: Auditorium, Mita Kaigisho, 8-1-2 Mita, Minato-ku, Tokyo, Japan.
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PROGRAM
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| 09:30 | Registration |
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Conference Moderator:
Naoyuki Yoshino, Director of the Financial Research and Training Center (FRTC) of Japan’s Financial Services Agency (FSA) and Professor, Keio University |
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| 10:00 |
Opening Remarks Mr. Takafumi Sato, Commissioner, FSA, Japan |
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Session 1: Banking and Financial Sector Reform after the Crisis Chair: Mr. William A. Ryback, Special Advisor, Financial Supervisory Service (FSS), Korea |
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| 10:10 | Overview of Financial Sector Reform after the Crisis |
| Speaker: Mr. Jonathan L. Fiechter, Deputy Director, Monetary and Capital Market Department, IMF [Comment Paper] | |
| Thailand’s experience of Banking and Financial Sector Reform after the Crisis | |
| Speaker: Mr. Krirk Vanikkul, Assistant Governor, Financial Institution and Policy Group, Bank of Thailand (BOT), Thailand [Presentation] | |
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Discussants: Dr. Anwar Nasution, Chairman, Supreme Audit Board, Indonesia [Comment Paper] Professor Mariko Fujii, Special Research Fellow of the FRTC, FSA and Professor, Research Center for Advanced Science and Technology, The University of Tokyo [Presentation] |
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| 12:00 | Lunch for conference participants |
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Session 2: Bank and Financial Sector Supervision and Examination Chair: Mr. Nobuyoshi Chihara, Deputy Commissioner for International Affairs, FSA |
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| 13:30 | Japan’s Experience of Financial Supervision and Financial Sector Examination |
| Speaker: Mr. Hirofumi Gomi, Adviser, Nishimura & Asahi (Former Commissioner, FSA, Japan) [Presentation] | |
| Korea’s Experience of Financial Supervision and Financial Sector Examination | |
| Speaker: Dr. Jang-Yung Lee, Assistant Governor, FSS, Korea [Presentation] | |
| Malaysia’s Experience of Financial Supervision and Financial Sector Examination | |
| Speaker: Ms. Nor Shamsiah Yunus, Assistant Governor, Bank Negara Malaysia [Presentation] | |
| Philippines’s Experience of Financial Supervision and Financial Sector Examination | |
| Speaker: Mr. Nestor A. Espenilla, Jr., Deputy Governor, The Bangko Sentral ng Pilipinas (BSP), The Philippines [Presentation / Background Paper] | |
| Discussants: Mr. W. Jason George, Senior Financial Sector Specialist, Representative Office for Asia and the Pacific, Bank for International Settlements (BIS) [Comment Paper] | |
| 15:45 | Coffee Break |
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Session 3: Panel Discussion: Challenges Going Forward Moderator: Professor Takatoshi Ito, Professor, the Graduate School of Economics and Graduate School of Public Policy (GraSPP), The University of Tokyo |
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| 16:00 | Panel Discussion: Challenges Going Forward |
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Panelists: Mr. Masamichi Kono, Deputy Director General, FSA, Japan [Presentation] Mr. Simon L. Topping, Executive Director of Banking Policy, Hong Kong Monetary Authority (HKMA) Dr. Wong Yit Fan, Managing Director and Head Country Risk Management, DBS Bank Ltd., Singapore [Presentation] Mr. Peter Tebbutt, Senior Director with the Financial Institutions Group, Fitch Ratings Hong Kong |
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| 18:00 | Closing Summary and Remarks |
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Mr. Akira Ariyoshi, Director, Regional Office for Asia and the Pacific (OAP), IMF |
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| 18:30 | Reception for Conference Presenters |
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Address: Mr. Junichi Maruyama, Deputy Commissioner for International Affairs, FSA, Japan |
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See also "Financial Research and Training Center (FRTC) Homepage of Japan's FSA".