08:30 - 09:00	Registration
09:00 - 10:45	Session 1: Financial Cooperation and Integration in East Asia: Prospects and the Roadmap After the financial crisis exposed the need to build up a regional cooperation scheme in finance, there have been many discussions on it.  This session will highlight the state of regional scheme for financial cooperation in East Asia.  The session will outline some constructive steps to ensure an effective regional infrastructure and to meet the needs of business in East asia with regard to financial cooperation. Chair:  Soogil Young (Finance Forum Coordinator) Overview Presentation: Eiji Ogawa (Hititsubashi University Present State of Financial Cooperation in East Asia and the Way Ahead
	Panel Discussions:
	Anwar Nasution (Deputy Governor, Bank Indonesia) Current State of the ASEAN+3 process beyond CMI and Its Challenges
	Sergio Lehmann (Central Bank of Chile) Chilean Experience in Financial and Trade Integration: Lessons  for East Asia
	Huang Weiping (Renmin University of China) Regional Cooperation in Monetary Policy and Exchange Rate System
	Edward Ng (Director, Dren Analytics Pte Ltd, Singapore) Financial Markets and Institutions: Conditions for Cooperation
	Kevin Davis (University of Melbourne) How to Cooperate in Finance
	Deok Ryong Yoon Policy Dialogue and Surveillance as a Necessary Condition for Financial Cooperation
10:45 - 11:00	Coffee Break
11:00 - 13:00	Session 2: New Regional Integration Initiatives in the Asia-Pacific:  Trade and Finance Dimensions (joint Session with Finance Forum) While proposals for preferential trading arrangements have been proliferating in the Asia-Pacific region, there have also been regional integration initiatives directed towards monetary arrangements for intra-regional exchange rate stability.  After the East Asian crisis, the latter kind of initiatives emerged earlier than proposals for new East Asia-wide trading arrangements, but more recently the development of preferential trading proposals appears to be outpacing the development of proposals for monetary integration.  These developments raise questions about the way forward for economic integration in the Asia-Pacific region and its sub-regional components, and also about the relationship between trade and monetary integration in these processes.  This session will: Review the developments that have taken place to date Highlight key issues in the relationship between trade integration and monetary integration within the Asia-Pacific region Offer perspectives on these developments from different sub-regions in the Asia-Pacific Provide a business perspective on these developments   Moderators:  Soogil Young (Finance Forum Coordinator) Robert Scollay (Trade Forum Coordinator)
	Introductory Presentations:
	Soogil Young (Kim & Chang Law Offices, Seoul) Overview of Monetary Integration Initiatives in the Asia-Pacific Robert Scollay (University of Auckland) Overview of RTA Developments in the Asia-Pacific RTA Developments in the Asia-Pacific : State of Play Yunjong Wang (Korea Institute for International Economic Policy) Issues in the Relation Between Trade and Monetary Integration
	Regional Perspectives:
	ASEAN Hadi Soesastro (Centre for Strategic and International Studies, Jakarta) Regional Integration Initiatives in the Asia Pacific: Trade and Finance Dimensions Chia Siow Yue (Singapore Institute of International Affairs) Bilateral FTAs in Southeast Asia
	Northeast Asia Huang Weiping (Renmin University of China) Eiji Ogawa (Hitotsubashi University
	United States Charles Morrison (East West Center)
	Latin America Fernando Gonzalez Vigil (Universidad del Pacifico) Recent RTAs Developments in the Americas: A Latin American Perspective
13:00 - 14:30	Lunch
	Launch of World Bank's Global Economic Report 2004 : "Realizing The Promise of the Doha Agenda Chair: Christopher Findlay (PECC Coordinating Group Chair) Presentation: Dominique van der Mensbrugghe (World Bank)
14:30 - 16:00	Session 3: Creating Asian Bond Markets: Necessity and Roadmap The ceaction and promotion of a regional bond market are taken for granted without raising a more fundamental question about why we need a regional market in the presence of an increasing integration between regional and global bond market activities.  This session will highlight :  a) underlying reasons that justify the promotion of a regional bond market; and, b) the roles of the public and private sectors in creating a regional bond market so that the creation of a business environment sheltered from the outside competition can be avoided. Chair: Charles Morrison (President, East West Center) Overview Presentation: S. Ghon Rhee (University of Hawaii) Regional Bond Markets: Rationale, Concerns and Roadmap Promotion of a regional bond market: regional efforts and initiatives and underlying reasons for the creation of an Asian bond market
	Panel Discussion:
	Cecile Saavedra (Managing Director, Asia-Pacific Standard & Poors Credit Market Services) Regional Bond Market
	Rafael Consing (Head of Debt Finance, South East Asia, HSBC Creating an Efficient Asian Bond Market
	Graham Egan (Director in Finance, Municipal Finance Authority of British Columbia) Overview of the Development of Municipal Bond Markets
	Wang Haijun (China Cinda Asset Management Corperation) NPLs Disposal Calls for Regional Bond Market
16:00 - 16:15	Tea Break
16:15 - 18:00	Session 4:  Risk management and Bank Governance in APEC Emerging Markets:  Are We Ready for Basel II? The impending implementation of the New Basel Capital Accord underscores the importance of risk management and governance in the banking sector for financial system stability.  This session discusses the challenges of promoting sound risk management practices in banking systems in the region in preparation for the new accord, as well as the possibilities for regional capacity-building efforts to help regulators and banks meet these challenges. Chair: Ken Waller (Commonwealth Bank of Australia)
	J.C. Parrenas (Chinatrust Financial Holdings Co. / Taiwan INstitute of Economic Research) Trends in Banks' Risk Management Practices in APEC Economies: Report of a PECC Survey
	Nick Minogue (Macquarie Bank) Challenges and Requirements for Adoption of Basel II Approach
	John Farrell (Former Chief Executive, New Zealand Securities Commission) The Role of Corporate Governance of Banks in Risk Management
	Kevin Davis (University of Melbourne) Essential Elements of Capacity-Building for Sound Risk Management in the Banking Sector
	Victor Mallet (Financial Times) Challenges for Asian Emerging Market Banks in the Implementation of the new Basel Capital Accord