0830 - 0900

Registration

0900 - 1045

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:

Present State of Financial Cooperation in East Asia and the Way Ahead

• Eiji Ogawa (Hititsubashi University
  default default Present State of Financial Cooperation in East Asia and the Way Ahead (210.65 kB) (210 KB)
  

Panel Discussions:

Current State of the ASEAN+3 process beyond CMI and Its Challenges

• Anwar Nasution (Deputy Governor, Bank Indonesia)
  default default Current State of the ASEAN+3 Process beyond CMI and its Challenges (51.97 kB) (51 KB)

• Sergio Lehmann (Central Bank of Chile)
  default default default Chilean Experience in Financial and Trade Integration (300.45 kB) (300 KB)

• Huang Weiping (Renmin University of China)

• Edward Ng (Director, Dren Analytics Pte Ltd, Singapore)

• Kevin Davis (University of Melbourne)

• Deok Ryong Yoon
  default default Policy Dialogue and Surveillance: a Necessary Condition for Financial Cooperation? (100.41 kB) (100 KB)

1045 - 1100

Coffee Break

1100 - 1300

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:

Overview of Monetary Integration Initiatives in the Asia-Pacific

• Soogil Young (Kim & Chang Law Offices, Seoul)
  default default Overview of Monetary Integration Initiatives in the Asia-Pacific (98.61 kB) (98 KB)

• Robert Scollay (University of Auckland)
  default default RTA Developments in the Asia-Pacific Region: State of Play (52.4 kB) (52 KB)

• Yunjong Wang (Korea Institute for International Economic Policy)
  default default Issues in the Relation between Trade and Monetary Integration (120.65 kB) (120 KB)

Regional Perspectives:

1045 - 1100

ASEAN:

• Hadi Soesastro (Centre for Strategic and International Studies, Jakarta)
  default default Regional Integration Initiatives in the Asia-Pacific: Trade and Finance Dimensions (56.83 kB) (56 KB)

• Chia Siow Yue (Singapore Institute of International Affairs)

1100 - 1300

Northeast Asia

• Huang Weiping (Renmin University of China)
• Eiji Ogawa (Hitotsubashi University

United States

• Charles Morrison (East West Center)

Latin America

Recent RTAs Developments in the Americas: A Latin American Perspective

• Fernando Gonzalez Vigil (Universidad del Pacifico)
    default default Recent RTA Developments in the Americas: A Latin American Perspective (147.6 kB) (147 KB)

1300 - 1430

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)

1430 - 1600

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.

Overview Presentation:

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

• S. Ghon Rhee (University of Hawaii)
  default default Regional Bond Markets: Rationale, Concerns and Roadmap (145.92 kB) (145 KB)

Panel Discussion:

Regional Bond Market

• Cecile Saavedra (Managing Director, Asia-Pacific Standard & Poors Credit Market Services)
  pdf pdf Regional Bond Market (307.8 kB) (307 KB)

• Rafael Consing (Head of Debt Finance, South East Asia, HSBC
  default default Creating an Efficient Asian Bond Market (105.15 kB) (105 KB)

• Graham Egan (Director in Finance, Municipal Finance Authority of British Columbia)
  default default Overview of the Development of Municipal Bond Markets (375.74 kB) (375 KB)

• Wang Haijun (China Cinda Asset Management Corperation)
  default default NPLs Disposal Calls for Regional Bond Market (117.72 kB) (117 KB)

1600 - 1615

Tea Break

1615 - 1800

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)

Trends in Banks' Risk Management Practices in APEC Economies: Report of a PECC Survey

• J.C. Parrenas (Chinatrust Financial Holdings Co. / Taiwan INstitute of Economic Research)

The Role of Corporate Governance of Banks in Risk Management

• John Farrell (Former Chief Executive, New Zealand Securities Commission)

Essential Elements of Capacity-Building for Sound Risk Management in the Banking Sector

• Kevin Davis (University of Melbourne)

Challenges for Asian Emerging Market Banks in the Implementation of the new Basel Capital Accord

• Victor Mallet (Financial Times)