Financial Stability and Financial Sector Supervision: Lessons from the Past Decade and Way Forward

Conference hosted by 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
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.

Disclaimer
The views expressed in these papers are those of the authors only, and the presence of them, or of links to them, on the IMF website does not imply that the IMF, its Executive Board, or its management endorses or shares the views expressed in the papers.

PROGRAM

Monday, December 17, 2007
09:30 Registration
Conference Moderator:
Naoyuki Yoshino, Director of the Financial Research and Training Center (FRTC) of
Japan’s Financial Services Agency (FSA) and Professor, Keio University
10:00 Opening Remarks
Mr. Takafumi Sato, Commissioner, FSA, Japan
Session 1: Banking and Financial Sector Reform after the Crisis
Chair: Mr. William A. Ryback, Special Advisor, Financial Supervisory Service (FSS), Korea
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]
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]
12:00 Lunch for conference participants
Session 2: Bank and Financial Sector Supervision and Examination
Chair: Mr. Nobuyoshi Chihara, Deputy Commissioner for International Affairs, FSA
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
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
16:00 Panel Discussion: Challenges Going Forward
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
18:00 Closing Summary and Remarks
Mr. Akira Ariyoshi, Director,
Regional Office for Asia and the Pacific (OAP), IMF
End of the conference
18:30 Reception for Conference Presenters
Address: Mr. Junichi Maruyama,
Deputy Commissioner for International Affairs, FSA, Japan

See also "Financial Research and Training Center (FRTC) Homepage of Japan's FSA".