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 was held on 26-27 February 2008 at the Asian Development Bank Institute in Tokyo.  The Roundtable was jointly organised and sponsored by the ADB Institute and the OECD, in cooperation with the Government of Japan.

The annual roundtables were established in 1999 in the aftermath of the so-called Asian financial crisis, and offer a forum for discussion among Asian securities regulators, experts, practitioners, scholars and international organisations on specific topics of main interest from the viewpoint of capital market reform in Asia. This year’s roundtable focused on: 

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

Documentation:

• Draft agenda  

Opening remarks

• Dr. Masahiro Kawai, Dean, ADBI.
• Mr. Adrian Blundell-Wignall, Deputy Director, Directorate for Financial and Enterprise Affairs, OECD.
• Mr. Andrew Sheng, Chairman of the Roundtable.

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

• Dr. Srinivasa Madhur, Director, Office of Regional Economic Integration, ADB: Capital Market Development in Emerging East Asia: Issues and Challenges
• Mr. Adrian Blundell-Wignall, Deputy Director, Directorate for Financial and Enterprise Affairs, OECD: The Structured Products Financial Crisis: Lessons for Asia
  Ms. Yuko Kawamoto, Senior Adviser, McKinsey & Company: 10 years after: Implications of the current financial market turmoil
• Mr. Nobuyoshi Chihara, Deputy Commissioner, Financial Services Agency, Japan: Basel II and Recent Market Developments
• Dr. Atchana Waiquamdee, Deputy Governor, Bank of Thailand: Ten years after: Implications of the current financial market turmoil

Session 2: Enhancing the regulatory framework

• Mr. Stephen Lumpkin, Principal Administrator (Structural Issues), Financial Affairs Division, Directorate for Financial and Enterprise Affairs, OECD: Regulatory Effectiveness and Efficiency.
• Mr. Andrew Sheng, Special Advisor, Chinese Banking Regulatory Commission: Mutual Recognition and Harmonization of Standards in Asia, an Overview.

Session 3: Bond market development

• Mr. Hans Blommestein, Head of Public Debt Management and Emerging Financial Markets Programmes, Financial Affairs Division, Directorate for Financial and Enterprise Affairs, OECD: Government bond markets in East Asia 10 years after the crisis.
• Dr. Nik Ramlah Mahmood, Senior Executive Director, Securities Commission, Malaysia: Bond Market Development in Malaysia.
• Dr. J.C. Parrenas, (Paper) APEC Business Advisory Council: Recent development under the APEC public-private sector bond market forum.
• Ms. Cathy Quinn, Commission Member, New Zealand Securities Commission.
• Mr. Masaaki Kaizuka, Director, Market Finance Division, Finance Bureau, Ministry of Finance, Japan: The Asian Bond markets Initiative (ADMI).

Session 4: Equity market development

• Mr. Jaseem Ahmed, Director, Governance, Finance and Trade, Asian Development Bank: Enhancing Co-operation among South-East Asian Equity Market.
• Ms. Tipsuda Thavaramara, Assistant Secretary-General, Securities and Exchange Commission, Thailand: Interlinked ASEAN Securities Market initiatives.
• Mr. Francisco Ed. Lim, Director-President, the Philippines Stock Exchange, Inc. : Inter-linked ASEAN Securities Market Initiatives.

Session 5: Role of capital markets in infrastructure financing

• Dr. Worapot Manupipatpong, Director, ADBI: PPP on Infrastructure Development: Roles of Capital Market

Session 6:  Corporate governance and capital market developments

• Mr. Grant Kirkpatrick, Senior Economist, Corporate Affairs Division, Directorate for Financial and Enterprise Affairs, OECD : Corporate Governance and Capital Market Developments: emerging issues
• Mr. Mohammad Zainal Shaari, Executive Director and Chief Operating Officer, Khazanah Nasional Berhad, Malaysia: Governance Through Transformation