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PRELIMINARY SYMPOSIUM PROGRAM Day 1 — Wednesday, 10 April 2013 9.30 - 10.00 Registration and coffee 10.00 - 10.30 Welcome and introduction to purposes and objectives of the Symposium 10.30 - 12.00 Session 1: Overview of Asia-Pacific financial markets: Current state and evolution in a global and regional context Synopsis This session will identify the key characteristics of, and differences between, financial markets in the Asia-Pacific. It will focus on market developments in China, Japan, Indonesia, South Korea, Hong Kong, Singapore and other markets in the region. It will also discuss the current state of cross-border trade in financial products and services in the Asia-Pacific region, compared with financial markets in Europe and the US. Key issues Session to focus on the following issues: 12.00 - 13.30 • Discuss current market developments in regional economies, and how policymakers and regulators aspire to shape future market and regulatory structures. • Highlight differences in financial market development between economies in the region. • Identify the level of financial market connectivity in the Asia-Pacific and how this differs from more homogenous, integrated financial markets in Europe. Lunch 13.30 – 15.00 Session 2: Financial market development and connectivity: Defining a development agenda for the Asia Pacific region Synopsis This session will draw on the unique characteristics and needs of financial markets in the Asia-Pacific region discussed in session 1, to identify how financial market development and connectivity can support real economic growth in the region and help address global imbalances. Key issues Session to focus on the following issues: • Discuss how greater market connectivity and regulatory convergence can strengthen the region’s economic and financial future. – What common goals do policy makers in the region share and how could a regional approach help to achieve these? • Explore the risks associated with greater connectivity and how these can be mitigated. • Identify the opportunities and challenges posed by recent global regulatory agreements relating to financial markets, and the scope for adopting a regional approach to these developments. 15.00 - 15.30 Coffee Break 15.30 - 17.00 Session 3: Non-regulatory impediments to operating across the Asia Pacific region Synopsis This session will explore non-regulatory impediments to conducting business across the region. Key issues Session to focus on the following issues: • Explore the non-regulatory barriers which impede cross-border financial activity. – • Examine whether particular business models enable or preclude business from operating and transacting across the Asia-Pacific. – 19.00 Are there cultural or linguistic barriers to conducting business across the region? Are there best practices in this regard? Dinner Speaker Glenn Stevens, Governor, Reserve Bank of Australia Day 2 — Thursday, 11 April 2013 8.00 - 9.30 Breakfast Guest speaker 9.30 - 10.00 Coffee break 10.00 - 11.00 Session 4A: Regulatory impediments to Asia-Pacific financial market development Synopsis This session will identify regulatory impediments to greater financial market connectivity in the Asia-Pacific region, and examine existing initiatives to reduce these barriers. Key issues Session to focus on the following issues: • Identify major regulatory impediments that currently impede cross-border trade in financial products and services. – • Discuss existing efforts to encourage regional financial market connectivity and reduce regulatory barriers to cross-border transactions. – What are the key challenges associated with these processes? • Are there aspects of current regulatory frameworks seen in regional economies that do encourage greater connectivity? Can and how would those features be encouraged across jurisdictions? • Examine the impact of recent international regulatory developments on business and on regulatory convergence in the Asia-Pacific. – 11.00 - 12.00 How can those impediments be addressed without undermining legitimate regulatory objectives (such as financial stability and consumer protection) — in banking, insurance, wealth management and securities markets? In future, how can international regulatory developments be shaped to better reflect Asia-Pacific concerns and needs? Session 4B: Breakaway groups The breakaway discussions will focus on existing impediments to greater financial market connectivity in the region with respect to specific market segments, and how those impediments can be overcome to promote greater convergence. Discussions will also address whether there are particular government or non-government initiatives that are encouraging greater connectivity, and how those arrangements can be promoted across jurisdictions. 12.00 – 13.30 Lunch 13.30 - 14.30 Breakaway group leaders report on morning discussions 14.30 – 16.00 Session 5: Influencing the shape of policy and regulatory developments Synopsis This session will explore the proposal put forward by the APEC Business Advisory Council at the APEC Finance Ministers Meeting in Moscow on the creation of an Asia Pacific Financial Forum to strengthen and promote regional financial architecture. Key issues Session to focus on: • Discuss the proposal to create an Asia Pacific Financial Forum to enhance regional public-private collaboration and complement various ongoing regional initiatives to help the region develop sound, efficient and connected financial markets. – • What mechanisms currently exist to enhance public-private collaboration in matters of regional financial market development? What role would an APFF play in promoting greater regional financial market connectivity and shaping international regulatory policy developments? How could duplication of work being undertaken in other fora be avoided? Identify major contributions that an APFF could make in facilitating financial market development which serves regional economic and social needs. ABAC will report to APEC Finance Ministers on the outcomes of this discussion together with a recommendation on whether to establish an APFF. 16.00 – 16.30 Coffee break 16.30 - 17.30 Session 6: Policy discussion This session will identify the key findings from the previous sessions’ discussions. Closing Remarks by the Hon. Wayne Swan MP, Deputy Prime Minister and Treasurer