19th OECD-ADBI Tokyo Roundtable on Capital Market and Financial Reform in Asia

26-27 February 2019 – Tokyo

The 19th edition of the Tokyo Roundtable took place on 26-27 February 2019 at the Asian Development Bank Institute (ADBI) in Tokyo, Japan. Jointly organised by the ADBI and the OECD, in co-operation with the Government of Japan, this meeting focused on recent developments in capital markets, future capital markets facing the challenge of new financial technology and responsible, viable, and lifecycle infrastructure investments. 

Initiated in 1999 in the aftermath of the Asian financial crisis, the Tokyo Roundtable offers a forum for regulators, policy-makers, experts, scholars, private sector and international organisations to discuss topics of main interest for capital market reform in Asia.

OPENING REMARKS

Mr. Greg Medcraft, Director, Directorate for Financial and Enterprise Affairs, ‎OECD

Mr. Naoyuki Yoshino, Dean, ADBI

KEYNOTE ADDRESS

Mr. Masatsugu Asakawa, Vice Minister of Finance for International Affairs, Ministry of Finance, Japan

DAY 1 – SESSION 1: Recent trends and prospects in the Asian capital markets under the rapidly changing economic and financial environment reflected by a series of US interest rate hikes and China’s economic slowdown

Moderator: Mr. Chul Juk Kim, Deputy Dean, ADBI

Speakers:

Mr. Akira Otani, Deputy Director-General, Financial Market Department, Bank of Japan

Mr. Robert Patalano, Senior Financial Expert and the co-ordinator of the OECD’s Committee on Financial Markets (CMF)

Mr. Ilhyock Shim, Head of Economics and Financial Markets for Asia and the Pacific, BIS

Mr. Satoru Yamadera, Principal Financial Sector Specialist, ERCD, ADB

Lead discussant: Mr. Jean Pierre Lacombe, Director of Global Macro and Market Research Department in IFC

DAY 1 – SESSION 2: Some Asian countries in the face of population aging are required to adjust monetary and fiscal policies including social welfare; moreover, financial systems with rapid technological improvement should include elderly population

Moderator: Mr. Naoyuki Yoshino, Dean, ADBI

Speakers:

Mr. Junji Ueda, Director for Economic and Fiscal Policy Co-ordination, Ministry of Finance, Japan

Dr. Charles Yuji Horioka, Vice-President and Research Professor, Asian Growth Research Institute

Ms. Flore-Anne Messy, Head of Insurance, Private Pensions and Financial Markets Division, Directorate for Financial and Enterprise Affairs, OECD

Dr. Kirida Bhaopichitr, Director of TDRI Economic Intelligence Service, Thailand Development Research Institute (TDRI)

Lead discussant: Dr. Peter Morgan, Senior Consultant for research, ADBI

SPECIAL REMARKS

Mr. Masamichi Kono, Deputy Secretary-General, OECD

DAY 2 – SESSION 3

Part 1: Digital Finance: How Blockchain and Artificial Intelligence are transforming financial entities, businesses, and products

Moderator: Mr. Greg Medcraft, Director, Directorate for Financial and Enterprise Affairs, ‎OECD

Speakers:

Ms. Caroline Malcolm, Head, Blockchain Policy Centre, OECD

Mr. Motonobu Matsuo, Deputy Director-General of the Policy and Markets Bureau, FSA Japan

Mr. Sadakazu Osaki, Fellow, Head of Research, Center for Strategic Management and Innovation CMA(a member of the Securities Analysts Association of Japan), NRI, Ltd.

Dr. Xianguo (Jerry) Huang, Economist, AMRO

Mr. Benjamin Yablon, Co-founder and Chairman of SALT lending

Part 2: Some new digital financial services may require additional consumer and/or data protection, and be supported by the traditional safety net such as deposit insurance or lender of the last resort

Moderator: Mr. Aerdt Houben, Chair of the OECD Financial Market Committee/Director Financial Markets at De Nederlandsche Bank

Speakers:

Mr. Stephen Lumpkin, PhD

Dr. Marcelo Corrales, Visiting Scholar at the Institute of European and American Studies, Academia Sinica in Taiwan

Mr. Yutaka Soejima, Head of Fintech Center, Deputy Director-General, Payment and Settlement Systems Department, Bank of Japan

Mr. Robert Patalano, Senior Financial Expert and the co-ordinator of the OECD’s Committee on Financial Markets (CMF)

DAY 2 – SESSION 4: Responsible, viable, and lifecycle infrastructure investments

Moderator: Mr. Timothy Bishop, Senior Advisor, Private Pensions and Financial Markets Division, Directorate for Financial and Enterprise Affairs, OECD

Speakers:

Mr. Naoyuki Yoshino, Dean, ADBI

Mr. Greg Medcraft, Director, Directorate for Financial and Enterprise Affairs Division, ‎OECD

Mr. Munenari Nomura, Director for Development Issues of the International Bureau of the Ministry of Finance, Japan

Mr. Ranjit Ajit Singh, Former Chairman of the Securities Commission (SC) Malaysia

CONCLUSIONS AND CLOSING REMARKS

Mr. Greg Medcraft, Director, Directorate for Financial and Enterprise Affairs, ‎OECD

Mr. Chul Ju Kim, Deputy Dean, ADBI

Tokyo business

MEETING DOCUMENTS

Agenda

Information note

Presentations Day 1

Presentations Day 2

Summary record

CONTACTS

Please note that participation to this event is by invitation only. Any enquiries should be addressed to:

Mr Yuya Yamada (contents & agenda) [email protected]

Ms Martina Limonta (logistics) [email protected]

RELATED LINKS

Previous Tokyo Roundtables