March 31, 2009
Financial Research and Training Center
International Conference on
Strengthening Payment Systems in Asia
The Financial Research and Training Center (FRTC) of the Financial Services Agency (FSA) hosts international conferences which bring together the industrial sector, academia, and the government sector to consider practical issues concerning financial system international joint conferences of the industrial, academic and government sectors to discuss practical issues concerning financial system. The fifth such international conference was jointly hosted by the FRTC of FSA, the Asian Development Bank Institute (ADBI) and Keio University Global Center of Excellence (GCOE) Program on February 10, 2009, on the theme “Strengthening Payment Systems in Asia.” The conference had over 220 participants, including academics, government and central bank officials, financial institutions in Japan and abroad, and officials from foreign embassies in Tokyo.
Payment systems are key social infrastructures of financial markets, and it is important to enhance the safety, efficiency and user-friendliness of payment systems by adapting to the changing social and economic needs. Owing to the innovation of information and communication technology (ICT) in recent years, new payment technologies such as e-Money are growing in various countries, including Japan. In addition, efforts are being made to align national payment and settlement systems to international standards and make them responsive to user/client needs in order to reinforce interrelation of domestic systems with overseas systems and enable them to cope with growing global financial transactions.
Amid the current global financial crisis, the conference focused on how the settlement infrastructure in Asia can adapt to the changing financial environment to achieve smooth flow of funds in the region. Discussions were also made regarding payment systems that comprise the settlement infrastructure, examining their current situation and future prospects from various standpoints, not only their design but also innovation in payment business technologies.
Program(PDF:74K), Summary of the Conference(PDF:61K), Materials
Contact
Financial Research and Training Center
Tel +81-(0)3-3506-6000 (ext. 3551, 3293)
International Conference on
Strengthening Payment Systems in Asia
Jointly-organized by the ADBI, Keio University (GCOE), and the Japan’s FSA (FRTC)
Date: February 10, 2009
Venue: Auditorium, Third Floor, Central Common Government Office No. 7, Tokyo
Agenda
| 10:00-10:10 am | Welcoming Remarks |
|---|---|
| Takafumi Sato, Commissioner, Financial Services Agency Masahiro Kawai, Dean, Asian Development Bank Institute (ADBI) |
|
| 10:10-12:30 am | Session I: Capital Flows, Payment Systems in Asia and its Relation to Financial Markets |
| Moderator: | Worapot Manupipatpong, Director, Capacity Building and Training Department, ADBI |
| Speakers: | Mario Lamberte, Director of Research, ADBI Raymond Atje, Head of Department of Economics, Center for Strategic and International Studies (CSIS), Indonesia Mario Lamberte, Director of Research, ADBI Kanit Sangsubhan, Director of Fiscal Policy Research Institute, Ministry of Finance, Thailand Mario Lamberte, Director of Research, ADBI |
| Commentators: | Liping He, Professor of Finance, Office of School of Economics, Beijing Normal University Rajat Kathuria, Professor, Indian Council for Research on International Economic Relations (ICRIER) |
| 1:30-3:40 pm | Session II: The Sophisticated Payment Systems, Technologies and Associated Regulatory Issues |
| Moderator: | Nobuhiko Sugiura, Professor, Graduate School of Strategic Management, Chuo University |
| Speakers: | Navin Gupta, Head of Payment and Cash Management, HSBC Takashi Uehara, Director, Planning Division, Japan Electronic Monetary Claim Organization (JEMCO, Bank of Tokyo-Mitsubishi UFJ) Hiromichi Yasuoka, Senior Consultant of Financial Strategy Consulting Department, Nomura Research Institute Yasufumi Takahashi, Director of the Payment and Settlement System Enhancement Office, Financial Services Agency Haruyuki Toyama, Deputy Director-General, Payment and Settlement Systems Department, Bank of Japan |
| Commentators: | Sunseop Jung, Assistant Professor of Law, Seoul National University College of Law Haster Tang, Head of Payment Systems Operation Division, Hong Kong Monetary Authority |
| 4:00-5:55 pm | Session III: Wrap-up Session |
| Speaker: | Masanori Yoshida, Director of the Regional Financial Co-operation Division, International Bureau, Ministry of Finance Japan |
| Panel Discussion | |
| Chair: | Naoyuki Yoshino, Director of the Financial Research and Training Center, FSA, Professor of Economics, Keio University |
| Panelists: | Masahiro Kawai, Dean, ADBI Nobuhiko Sugiura, Professor, Graduate School of Strategic Management, Chuo University Navin Gupta, Head of Payment and Cash Management, HSBC Liping He, Professor of Finance, Office of School of Economics, Beijing Normal University Rajat Kathuria, Professor, ICRIER |
| 5:55-6:00 pm | Closing Remarks |
| Junichi Maruyama, Deputy Commissioner, International Affaires, Financial Services Agency |
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