Sixth Conference on Financial Sector Development in the Central Asian countries, Azerbaijan and Mongolia

29-30 April 2004, Istanbul, Turkey

The first Conference on Financial Sector Development in the Central Asian Countries, Azerbaijan and Mongolia was launched in Istanbul in 1995, in order to provide an opportunity for policy makers and experts from both the Central Asian region and OECD countries to exchange their policy views and experiences of this topic.  The sixth conference in this series was once again organised by the Outreach Unit for Financial Sector Reform of the Directorate for Financial and Enterprise Affairs of the OECD, under the aegis of the Centre for Co-operation with Non-Members program, with sponsorship from the Government of Japan.

During the previous conferences, a variety of financial topics were discussed, covering areas such as banking sector restructuring, small- and medium-sized enterprise financing and capital market development.  The sixth conference mainly focused on five issues relating to "securities market development": 1) Overview of Securities Markets in the Region; 2) Effective Measures to Develop Securities Markets and Infrastructure, which mainly focuses on Institutional Investors (Part A) and Clearing and Settlement System (Part B); 3) Regulation of Securities Markets; 4) Supervision of Securities Markets; and 5) Investors' Confidence Building.

Policy makers in charge of these issues in Kazakhstan, Uzbekistan, Kyrgyz Republic, Tajikistan, Azerbaijan and Mongolia participated in this conference, as well as experts from OECD countries and international organisations.

Documentation

Please note that documentation will be provided as it becomes available.  All documents are saved in PDF format.

• Summary Report
• Participant List
• Country Notes
  - Kazakhstan
  - Uzbekistan (Annex 1, Annex 2, Annex 3, Annex 4, Annex 5)
  - Kyrgyz Republic
  - Tajikistan
  - Azerbaijan
  - Mongolia (Annex 1)

Presentation materials

Overview of Securities Markets in the Region

• Mr. Shigehiro Shinozaki, OECD Secretariat (Word, Powerpoint)
• Mr. Sunat Bekenov, Head of the Securities and Financial Markets Department, Ministry of Finance, Uzbekistan
• Mr. Gunduz Mammadov, First Deputy Chairman, State Committee for Securities, Azerbaijan
• Mr Gerrit H. de Marez Oyens, Former Secretary General of F.I.B.V.

Effective Measures to Develop Securities Markets and Infrastructure: Institutional Investors

• Mr. Stephen Lumpkin, OECD Secretariat
• Mr. Kubatbek Alymbekov, Chief of the Chui Regional Division, State Commission on the Securities Market, Kyrgyz Republic
• Mr. Toshiharu Kitamura, Professor, Waseda University, Japan (Word, Powerpoint)

Effective Measures to Develop Securities Markets and Infrastructure: Clearing and Settlement System

• Mr. Emin Catana, General Manager, The ISE Settlement and Custody Bank, Turkey
• Mr. Timur Yadgarov, Senior Lecturer, Tashkent Institute of Finance, Uzbekistan (Word, Powerpoint)
• Ms. Bolormaa Jalbaa, Officer, Mongolian Stock Exchange (Word, Powerpoint)

Investors' Confidence Building

• Mr. Masaaki Kaizuka, OECD Secretariat
• Mr. Jury Svistov, Deputy Chairman, State Commission on the Securities Market, Kyrgyz Republic
• Mr. Hsianmin Chen, EBRD (Word, Powerpoint)

Regulation of Securities Markets

• Mr. Dogan Cansizlar, Chairman, IOSCO Emerging Markets Committee
• Mr. Miroslaw Kachniewski, Secretary, Polish Securities and Exchange Commission

Supervision of Securities Markets

• Mr. John Thompson, OECD Secretariat
• Ms. Ulmira Kapenova, Chief Specialist, Financial Supervision Authority, Kazakhstan (Word, Powerpoint)
• Mr. Daniel Mráz, Special Advisor for Capital Markets, Hungarian Financial Supervisory Authority