March 24, 2010
Financial Research and Training Center

International Conference on
A Perspective of Asian Financial Sector under the Global Financial Crisis

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 sixth such international conference was jointly hosted by the FRTC of FSA, the International Monetary Fund (IMF), the Asian Development Bank Institute (ADBI) and Keio University Global Center of Excellence (GCOE) Program on January 21, 2010, on the theme “A Perspective of Asian Financial Sector under the Global Financial Crisis.” The conference had over 230 participants, including academics, government and central bank officials, financial institutions in Japan and abroad, and officials from foreign embassies in Tokyo.

The conference examined how banks in Asian countries were affected by the current global financial crisis, and considered through panel discussions a desirable approach to supervision and regulation of financial activities to maintain financial stability and also underpin economic recovery.

Program(PDF:522K), Summary of the Conference(PDF:67K), Materials

International Conference on
A Perspective of Asian Financial Sector under the Global Financial Crisis
Jointly-organized by the IMF, the ADBI, Keio University (GCOE), and the Japan's FSA (FRTC)

Date: January 21, 2010
Venue: Auditorium, Third Floor, Central Common Government Office No. 7, Tokyo

Agenda

9:45-10:00	Welcoming Remarks
	Katsunori Mikuniya, Commissioner, Financial Services Agency (FSA), Japan Akira Ariyoshi, Director, Regional Office for Asia and the Pacific, International Monetary Fund (IMF)
10:00-11:45	Session I
Micro-prudential policy and the business model for banks in Asian region
Chair:	Naoyuki Yoshino, Director of the Financial Research and Training Center (FRTC) FSA, Japan, and Professor of Economics, Keio University

Impact of the current crisis on Japanese and Asian Financial Sector

		Materials
Presenter	Susumu Okano, Executive Officer and Head of Research, Daiwa Institute of Research, Ltd., Japan	Abstract(PDF:45K) Presentation slides(PDF:326K)
Discussants	Anwar Nasution, Professor of Economics, University of Indonesia	Full paper(PDF:114K) Presentation slides(PDF:25K)
Discussants	Anthony Sorrenti, Executive Director, International Bankers Association, Japan	—

Banking Regulation: Main lesson from the current crisis

		Materials
Presenter	Shunsuke Shirakawa, Director, Office of International Affairs, FSA, Japan	Abstract(PDF:23K) Presentation slides(PDF:76K)
Discussants	Jong-Goo Yi, Standing Commissioner, Financial Services Commission, Republic of Korea	Presentation slides(PDF:913K)
Discussants	Naoyuki Yoshino, Director of the FRTC, FSA, Japan, and Professor of Economics, Keio University	Presentation slides(PDF:577K)
Discussants	Tomohiro Hirano, Research Fellow of the FRTC, FSA, Japan	Presentation slides(PDF:51K)

11:45-12:45	Lunch Break
12:45-14:45	Session II
Macro-prudential regulation and the perimeter of regulation
Chair:	Hervé Ferhani, Deputy Director, Monetary and Capital Markets Department, IMF

Containing aggregate risk at the macro level

		Materials
Presenter	Erlend Walter Nier, Senior Financial Sector Expert, Monetary and Capital Markets Department, IMF	Abstract(PDF:24K) Presentation slides(PDF:54K)
Discussants	Hiroshi Ugai, Deputy Director-General, Financial Systems and Bank Examination Department, Bank of Japan	Presentation slides(PDF:54K)

The perimeter of regulation

		Materials
Presenter	R. Barry Johnston, Assistant Director, Monetary and Capital Markets Department, IMF	Abstract(PDF:25K) Presentation slides(PDF:96K)
Discussant	Ryozo Himino, Director, Supervisory Coordination Division, Supervisory Bureau, FSA, Japan	Presentation slides(PDF:384K)

14:45-15:15	Coffee Break
15:15-17:15	Session III
Asia's financial sector reforms: ensuring effective financial intermediation with stability
Chair:	Mario Lamberte, Director for Research, Asian Development Bank Institute (ADBI)

What is the role of financial supervision and financial sector regulation to secure lending to SMEs and lending to business sectors.

		Materials
Presenter	Hank Lim, Research Director, Singapore Institute for International Affairs	Abstract(PDF:44K) Full paper(PDF:100K) Presentation slides(PDF:409K)
Discussants	Julius Caesar Parreñas, Advisor on International Affairs, Bank of Tokyo-Mitsubishi UFJ, Ltd., and Senior Advisory Fellow, Institute for International Monetary Affairs	Presentation slides(PDF:198K)
Discussants	Doo Yong Yang, Research Fellow, ADBI	Presentation slides(PDF:119K)

Overall Asian region's cooperation in financial sector reform.

		Materials
Presenter	Cyn-Young Park, Principal Economist, Office of Regional Economic Integration, Asian Development Bank	Abstract(PDF:43K) Presentation slides(PDF:225K)
Discussants	Peter Morgan, Senior Consultant for Research, ADBI	Presentation slides(PDF:47K)
Discussants	Pradumna B. Rana, Senior Research Fellow, Institute of South Asian Studies, National University of Singapore	Full paper(PDF:33K)

17:20-18:20	Session IV: Panel Discussion
Chair:	Naoyuki Yoshino, Director of FRTC, FSA, Japan, and Professor of Economics, Keio University Presentation slides (PDF:41K)
Panelists:	Masahiro Kawai, Dean, ADBI Hervé Ferhani, Deputy Director, Monetary and Capital Markets Department, IMF Pietro Ginefra, Chief Representative, Bank of Italy Yongxiang Bu, Director, Financial Risk Division, Research Department, the People's Bank of China
18:20-18:30	Closing Remarks
	Masahiro Kawai, Dean, ADBI