Ninth Roundtable on Capital Market Reform in Asia

26-27 February 2008, Tokyo, Japan

The OECD-ADBI Ninth Roundtable on Capital Market Reform in Asia ("Tokyo Roundtable") took place on 26-27 February 2008 at the ADBI (Asian Development Bank Institute) in Tokyo. The Tokyo Roundtable is jointly organised and sponsored by the ADB Institute and the OECD, in co-operation with the Government of Japan.

The Roundtable was established in 1999 in the aftermath of the Asian financial crisis, and offers a forum for discussion among Asian securities regulators, policy-makers, experts, practitioners, scholars and international organisations on specific topics of main interest from the viewpoint of capital market reform in Asia.  The main topics of the 9th Roundtable were:

• Ten years after: implications of the current financial market turmoil
• Enhancing regulatory framework
• Bond markets
• Equity markets
• Roles of capital market in infrastructure financing
• Corporate governance and capital market developments

Documentation:

Agenda

Session 1: Ten years after: implications of the current financial market turmoil

• Capital Market Development in Emerging East Asia: Issues and Challenges, Dr. Srinivasa Madhur, ADB  
• The Structured Products Financial Crisis: Lessons for Asia, Mr. Adrian Blundell-Wignall, OECD
• Ten years after: Implications of the current financial market turmoil, Ms. Yuko Kawamoto, McKinsey & Company
• Basel II and Recent Market Developments, Mr. Nobuyoshi Chihara, Financial Services Agency
• Ten years after: Implications of the current financial market turmoil, Dr. Atchana Waiquamdee, Bank of Thailand

Session 2: Enhancing the regulatory framework

• Regulatory Effectiveness and Efficiency, Mr. Stephen Lumpkin, OECD
• Mutual Recognition and Harmonization of Standards in Asia, an Overview, Mr. Andrew Sheng, Chinese Banking Regulatory Commission

Session 3: Bond market development

• Government bond markets in East Asia 10 years after the crisis, Mr. Hans Blommestein, OECD
• Bond Market Development in Malaysia, Dr. N.R. Mahmood, Malaysian Securities Commission
• Recent developments under the APEC public-private sector bond market forum [ paper / presentation ], Dr. J.C. Parrenas, APEC Business Advisory Council
• The Asian Bond Markets Initiative (ADMI), Mr. Masaaki Kaizuka, Japanese Ministry of Finance

Session 4: Equity market development

• Enhancing Co-operation among South-East Asian Equity Market, Mr. Jaseem Ahmed, ADB
• Interlinked ASEAN Securities Market initiatives, Ms. Tipsuda Thavaramara, Securities and Exchange Commission of Thailand
• Inter-linked ASEAN Securities Market Initiatives, Mr. F.E. Lim, Philippines Stock Exchange
  

Session 5: Role of capital markets in infrastructure financing

• Infrastructure Financing: Roles of Capital Market, Dr. Worapot Manupipatpong, ADBI

Session 6:  Corporate governance and capital market developments

• Corporate Governance and Capital Market Developments: emerging issues, Mr. Grant Kirkpatrick, OECD
• Governance Through Transformation, Mr. Mohammad Zainal Shaari, Khazanah Nasional Berhad