March 8, 2011
Financial Research Center (FSA Institute)

International Conference on The Role of the Financial Sector in Promoting Economic Growth in Asia

The Financial Research Center of the Financial Services Agency (FSA Institute) hosts joint international conferences which bring together the financial industry, academia, and the government sector to discuss practical issues concerning the financial system. This year's international conference was jointly hosted by the FSA Institute, the Asian Development Bank Institute (ADBI) and the Keio University Global Center of Excellence (GCOE) Program on February 3, 2011, and was titled “The Role of the Financial Sector in Promoting Economic Growth in Asia.” The conference was attended by over 300 participants, including academics, government and central bank officials, financial institutions in Japan and abroad, and officials from foreign embassies in Tokyo.

At the start of the conference, Shozo Azuma, Senior Vice Minister of Cabinet Office for Financial Services, gave welcoming remarks. The minister stated that, “we aim for our financial markets to grow with Asia through their role as Asia's financial center by deepening and strengthening their functions further. This conference is such a worthwhile opportunity, with participation by researchers, supervisors, and financial institutions from many Asian countries and Australia.”

The conference examined the impact of the global financial system on the Asian financial system and implications of the undergoing discussions on global regulatory reforms for Asia. It also looked at challenges for Asian financial markets. Challenges for Asia were identified and discussions on how the financial sector can contribute to the region's economic growth were made.

• Program(PDF:42K), Summary of the Conference(PDF:99K), Materials

International Conference on The Role of the Financial Sector in Promoting Economic Growth in Asia
Jointly-organized by Japan's Financial Services Agency (FSA Institute), Asian Development Bank Institute, and Keio University (GCOE)
Date: February 3, 2011
Venue: Auditorium, Third Floor, Central Common Government Office No. 7, Tokyo

Agenda

The Development of the Asian Financial and Capital Markets and Its Implications for Financial Regulations Chair: Naoyuki Yoshino, Director of the FSA Institute and Professor of Economics, Keio University Materials Presenter Masamichi Kono, Vice Commissioner for International Affairs, Financial Services Agency (FSA), Japan Abstract (Masamichi Kono) (PDF:66K) Presentation slides (Masamichi Kono) (PDF:110K) Discussants Hunsuk Rhee, Deputy Director General, International Cooperation, Financial Services Commission, Republic of Korea Presentation slides (Hunsuk Rhee) (PDF:1514K) Shogo Ishii, Director, Regional Office for Asia and the Pacific, International Monetary Fund Presentation slides (Shogo Ishii) (PDF:1238K) Pietro Ginefra, Chief Representative for Japan, Korea and South East Asia, Bank of Italy Presentation slides (Pietro Ginefra) (PDF:180K)

The Current State of the Financial Sector and the Regulatory Framework in Asian Economies Case Study: Cases of China, India, Thailand and Philippines Chair: Mario B. Lamberte, Director of Research, ADBI Materials Presenters Luo Ping, Director General of Training Department, China Banking Regulatory Commission Abstract (Luo Ping) (PDF:66K) Presentation slides (Luo Ping) (PDF:295K) Abhijit Sen Gupta, Associate Professor, Jawaharlal Nehru University, India Abstract (Abhijit Sen Gupta) (PDF:66K) Presentation slides (Abhijit Sen Gupta) (PDF:1146K) Bandid Nijathaworn, Former Deputy Governor, Bank of Thailand Abstract (Bandid Nijathaworn) (PDF:66K) Presentation slides (Bandid Nijathaworn) (PDF:53K) Diwa C. Guinigundo, Deputy Governor, Central Bank of the Philippines Presentation slides (Diwa C. Guinigundo) (PDF:288K) Discussants Kee Kuan Foong, Senior Research Fellow, Malaysian Institute of Economic Research Presentation slides (Kee Kuan Foong) (PDF:120K) Benel P. Lagua, President and COO, Small Business Corporation, Philippines - Vo Tri Thanh, Vice President, Central Institute for Economic Management, Viet Nam Presentation slides (Vo Tri Thanh) (PDF:37K) Shin-ichi Fukuda, Professor, University of Tokyo Presentation slides (Shin-ichi Fukuda) (PDF:111K)

Challenges for the Asian Financial and Capital Markets and the “Growth Strategy” Chair: Peter Morgan, Senior Consultant for Research, ADBI Materials Presenters Shigesuke Kashiwagi, Senior Managing Director, Government Affairs and Risk Advisory Group, Nomura Holdings, Inc. Abstract (Shigesuke Kashiwagi) (PDF:86K) Presentation slides (Shigesuke Kashiwagi) (PDF:213K) Chikahisa Sumi, Deputy Commissioner for International Affairs and Competitiveness, FSA Abstract (Chikahisa Sumi) (PDF:66K) Presentation slides (Chikahisa Sumi) (PDF:610K) Discussants Belinda Gibson, Deputy Chairman, Australian Securities and Investments Commission Presentation slides (Belinda Gibson) (PDF:326K) Jiro Seguchi, President and Representative Director, Merrill Lynch Japan Securities Co., Ltd., Country Executive for Japan, Co-Head of Asia Pacific Corporate and Investment Banking, Bank of America Group Presentation slides (Jiro Seguchi) (PDF:230K)