March 12, 2014
Financial Research Center (FSA Institute)
International Conference on
Financial System Stability, Regulation and Financial Inclusion
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 from Asia, Europe and the United States, to discuss practical issues concerning the financial system. This fiscal year’s international conference was jointly hosted by the FSA Institute, the Asian Development Bank Institute, and the International Monetary Fund on January 27, 2014. The conference was titled “Financial System Stability, Regulation and Financial Inclusion.” The conference examined how financial regulation should be to promote financial system stability and competitive financial industry, discussed challenges for financial inclusion in Asia including the financing of small and medium-sized enterprises (SMEs), and exchanged views on desirable financial systems for Asia’s economic growth. The conference examined how regulators can strike an appropriate balance in achieving these objectives through presentation and panel discussion. The conference was attended by more than 300 participants, from the financial sector, government sector, central banks, the business sector, academics and foreign embassies in Tokyo.
At the start of the conference, Hiroshi Okada, Senior Vice-Minister of Cabinet Office for Financial Services, made welcoming remarks. Then, presentations and discussions were held in four sessions. There was a keynote speech by an FSA official. Another speech was given Muliaman F. Hadad, Chairman, Financial Services Authority, Indonesia, in the last session.
See below for the program of the conference and presentation materials.
Program(PDF:279KB) , Materials

Welcoming Remarks
Hiroshi Okada, Senior Vice-Minister of Cabinet Office for Financial Services

Keynote Speech
Hisashi Ono, Deputy Director-General, Supervisory Bureau, JFSA

Scene of the Conference
![]() Session 1 |
![]() Session 2 |
![]() Session 3 |
![]() Session 4 |
International Conference
FINANCIAL SYSTEM STABILITY, REGULATION AND FINANCIAL INCLUSION
Jointly Organized by the Financial Services Agency, Japan,
the Asian Development Bank Institute and the International Monetary Fund
Date: January 27, 2014
Venue: Auditorium, Third Floor, Central Common Government Offices No.7 East Wing
3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo, Japan
Agenda
10:00-10:10 | Welcoming Remarks Hiroshi Okada, Senior Vice-Minister of Cabinet Office for Financial Services |
10:10–11:30 | Session I: Financial System Stability and Competition in the Financial Industry |
Chair |
Odd Per Brekk, Director, Regional Office for Asia and the Pacific, International Monetary Fund (IMF) |
Materials | ||
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Speakers | Ratna Sahay, Deputy Director, Monetary and Capital Markets Department, IMF | ![]() |
Akira Ariyoshi, Professor, School of International and Public Policy, Hitotsubashi University | ![]() |
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Commentators | Tokio Morita, Deputy Commissioner for International Affairs, Financial Services Agency, Japan (JFSA) | ![]() |
Akihiko Kagawa, Managing Director, Mitsubishi UFJ Financial Group, Inc. | ![]() |
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Jae Ha Park, Deputy Dean, Asian Development Bank Institute (ADBI) | ![]() |
11:30–13:00 | Lunch Break |
13:00–13:20 | Keynote Speech Hisashi Ono, Deputy Director-General, Supervisory Bureau, JFSA |
13:20–14:45 | Session II: Finance to SMEs through Banks, Capital Markets and Other Financial Methods |
Chair |
Suhaedi, Executive Director, Bank Indonesia Regional Office for Eastern Indonesia |
Materials | ||
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Speakers | Ganeshan Wignaraja, Director of Research, ADBI | ![]() |
Jongsoon Shin, Economist, IMF | ![]() |
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Commentators | Wako Watanabe, Professor, Faculty of Business and Commerce, Keio University | ![]() |
Yoshiaki Ogura, Associate Professor, School of Political Science and Economics, Waseda University | ![]() |
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Salinee Wangtal, Assistant Governor, Supervision Group, Bank of Thailand | ![]() |
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Hisashi Ono, Deputy Director-General, Supervisory Bureau, JFSA | - |
14:45–15:15 | Coffee Break |
15:15–16:30 | Session III: Financial Inclusion and Financial Education |
Chair |
Tarisa Watanagase, Former Governor, Bank of Thailand |
Materials | ||
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Speakers | Naoyuki Yoshino, Director, Financial Research Center (FSA Institute), and Professor of Economics, Keio University | ![]() |
Tomoyuki Furusawa, Director, Policy and Legal Division, Planning and Coordination Bureau, JFSA | ![]() |
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Peter Morgan, Senior Consultant for Research, ADBI | ![]() |
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Commentators | Ranee Jayamaha, Chairperson, Hatton National Bank Plc. (Former Deputy Governor of the Central Bank of Sri Lanka) | ![]() |
Pungky P. Wibowo, Director, Financial Access and SME Development Department, Bank Indonesia | ![]() |
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Julius Caesar Parrenas, Advisor on International Affairs, Bank of Tokyo-Mitsubishi UFJ, Ltd. | ![]() |
16:35–17:50 | Session IV: Panel Discussion: Finance to Ensure Asia’s Economic Growth |
Chair |
Masahiro Kawai, Dean & CEO, ADBI |
Materials | ||
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Speakers | “Unlocking the Micro, Small and Medium Enterprises’ Potential” Muliaman D. Hadad, Chairman, Financial Services Authority Indonesia |
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Panelists | Mikio Kajikawa, Senior Deputy Director-General, International Bureau, Ministry of Finance, Japan | ![]() |
Tarisa Watanagase, Former Governor, Bank of Thailand | - | |
Ranee Jayamaha, Chairperson, Hatton National Bank Plc. (Former Deputy Governor of the Central Bank of Sri Lanka) | ![]() |
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Hisashi Ono, Deputy Director-General, Supervisory Bureau, JFSA | - | |
Ratna Sahay, Deputy Director, Monetary and Capital Markets Department, IMF | - |
17:50–18:00 | Closing Remarks Masahiro Kawai, Dean & CEO, ADBI |
Contact
Financial Research Center (FSA Institute)
Tel +81-(0)3-3506-6000 (ext. 3551, 3293)