OECD - FSI (BIS) Regional Seminar on Corporate Governance for Banks in Asia

On 19 and 20 June 2006, the OECD and the Financial Stability institute (FSI), Bank for International Settlements (BIS) jointly organised a regional seminar on corporate governance for banks in Asia. 

Representatives from banking supervisory bodies in Asia as well as international organisations attended the seminar to discuss challenges regarding corporate governance of banks in Asia.

The seminar addressed some important guidance such as:

• OECD Principles of Corporate Governance,
• Basel Committee Paper on Enhancing Corporate Governance for banking Organisations, and
• Policy Brief on Corporate Governance of Banks in Asia recently developed by a task force of OECD Asian Roundtable on Corporate Governance. 

Furthermore, the seminar discussed several specific CG related topics of particular importance to Asian banks including:

• controlling related party transactions,
• compliance function,
• role of auditing, and
• corporate governance of state-owned commercial banks. 

Agenda

Presentations:

• Governance, Independence and Accountability for Financial Supervisors. What are the trends?
  by Michael Taylor, Head, Banking Policy Division, Hong Kong Monetary Authority, Hong Kong
• Corporate Governance in Nationalised Commercial Bank in Japan 
  by Masatomi Manabe, Deputy Executive Director, Financial Reconstruction Department, Deposit Insurance Corporation of Japan
• The OECD Guidelines on Corporate Governance of State Owned Enterprises
  by Louis Bouchez,  Senior Corporate Governance Specialist, Corporate Affairs Division, Directorate for Financial and Enterprise Affairs, OECD
• The Supervisory Assessment of Corporate Governance
  by Elizabeth Roberts,  Director, Financial Stability Institute, Switzerland
• Auditing and its role in Corporate Governance
  by Derek Broadley, Senior Manager, Deloitte Touche Tohmatsu, Hong Kong
• Practical Reflections on the Roles of the Legal and Compliance functions in a Global Financial Institution 
  by Joe Longo, General Counsel, Asia, Deutsche Bank AG, Hong Kong SAR
• Controlling Related Party Transactions
  by Edward Chow, former President of Hong Kong Institute of Certified Public Accountants
• Controlling Problematic Related Party Transactions of Banks in Asia
  by Joseph Fan, Professor, Chinese University of Hong Kong, Hong Kong SAR
• Presentation to Financial Stability Institute
  by Mike Scales, Corporation Secretary, HSBC Holdings plc, Hong Kong SAR
• The Assessment of Corporate Governance in Banks: from Principles to Practice 
  by Laura Ard, Lead Financial Sector Specialist, World Bank, United States
• Outline of the Policy Brief on Corporate Governance of Banks in Asia (ARCG Task Force)
  by Motoyuki Yufu, Principal Administrator, Outreach Unit for Financial Sector Reform, OECD
• Basel Committee Guidance on Enhancing Corporate Governance for Banks
  by Elizabeth Roberts, Director, Financial Stability Institute, Switzerland
• The OECD Principles as a reference point for good corporate governance
  by Grant Kirkpatrick, Senior Economist, Corporate Affairs Division, Directorate for Financial and Enterprise Affairs, OECD

General information on the OECD Regional Roundtables