The financial crisis in Asia in 1997-1998 has highlighted the weakness of the financial systems in the region. Among others, increased attention is given to the lack of a well-functioning capital market that provides analternative mechanism for efficient allocation of financial resources in an economy in parallel with the banking system. Against this background, the OECD established the Round Table on Capital Market Reform in Asia, in co-operation with the Asian Development Bank Institute in 1999. Gathering together chairmen and high-ranking officials of securities commissions, financial policy makers and experts from stock exchanges and other relevant organisations from Asian and OECD countries and officials of international organisations, the Round Table has met annually to promote policy discussion for the development of capital markets in the region.

The fourth meeting of the Round Table took place on 9-10 April 2002 at the ADB Institute in Tokyo. Under the theme of Medium Term Responses to the Crises, discussions focused on the policy implications in relation to market structures (e.g. exchange demutualisation), regulatory structures (e.g. integrated regulators), corporate governance and restructuring when issuers fail(e.g. corporate debt restructuring).

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Final Agenda
Participant List
Corporate Governance , Mr. Masaaki Kaizuka
Corporate Governance , Presentation, Mr. Masaaki Kaizuka
Securities and Futures Market Reform , Mr. K.C. Kwong
Securities and Futures Market Reform , Presentation, Mr. K.C. Kwong
Market Structures ,Mr. Gerrit de Marez Oyens
Market Structures Overview , Mr. Gerrit de Marez Oyens
Market Structure , Mr. Atsuo Nishihara
Regulating an Integrated Demutualized Eschange Development of the Hong Kong Securities and Futures Markets of Hong Kong , Mr. Mark Dickens
Futures Markes - Economy Note of Hong Kong , Mr. Mark Dickens
Statistics and Data on the Securities and Futures Market of Hong Kong, Mr. Mark Dickens
Regulatory Structures: Integrated Regulators - The UK Experience , Mr. Phillip Thorpe
Consolidated Supervision - Singapore's Perspective , Ms. Chang Su Hoong
Country Note: Singapore , Ms. Chang Su Hoong
Country Note: Korea , Mr. J.H. Kim
Corporate Governance , Ms. Lilia Bautista
Country Report of the Philippines , Ms. Lilia Bautista
Enhancing Corporate Governance of Thai Listed Companies , Mr. Prasarn Trairatvorakul
Development of the Thai Capital Market , Mr. Prasarn Trairatvorakul
Country Note of India , Mr. Ghyanendra Bajpai
The Taiwan Securities Markets , Mr. Jaw Chyuan Chu
Corporate Governance for Financial Institutions , Mr. Lawrence Liu
A Review of the New Issue Puzzles , Dr. Ghon Rhee
Corporate Restructuring in Malaysia , Ms. Zarinah Anwar
Country Note: Malaysia , Ms. Zarinah Anwar

Any questions concerning this event should be directed to the conference co-ordinator: Ms. Jaimie Ellis, Tel: (33) 1 45 24 78 59, Fax: (33) 1 45 24 18 33, Email: Jaimie.Ellis@oecd.org