| 8:45
AM |
- |
Opening
Remarks |
|
|
- Mr.
Kiyoshi Kodera, Deputy Director General, Inernational
Bureau, Japan Ministry of Finance
- Robert
Bestani, Director General, Private Sector
Department, Asian Development
Bank
|
| 9:00
AM |
- |
Panel
1: Overview of Remittances and Channels |
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|
Moderated
by Maud Bokkerink, Financial Markets Integrity, International
Monetary Fund |
|
|
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|
|
Discussion
Topics |
|
|
- What
are the differences between the formal and informal
industry?
- What
are the features of informal payment systems?
- What
are the features of formal payment systems?
- Why
is it important to shift from informal to formal
channels?
|
|
|
Featured
Panelists
|
|
|
- Nikos
Passas Professor, Northeastern University
-
Stephen Stout Investment Research, UBS
- Raul
Hernandez-Coss World Bank, Lessons from the US
Mexico Remittances Corridor on Shifting
from Informal to Formal Transfer Systems (APEC ARS
Study)
|
| 10:00
AM |
- |
Coffee
Break sponsored by Ministry of Finance Japan |
|
|
|
| 10:15
AM |
- |
Panel
2: The Regulatory Impact - Balancing Regulations and Market
Incentives |
|
|
Moderated
by APEC ARS Co-Chair Singapore |
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|
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|
|
Discussion
Topics |
|
|
- What
prudential requirements are appropriate for
remittance service provision (e.g. capital adequacy
requirements, restrictions on foreign exchange,
restrictions on direct access to payment and
settlement systems)?
- How
can anti-money laundering and combating the
financing of terrorism standards be implemented?
- How
should regulations and the creation of market
incentives be balanced to create competitive and
secure remittance channels?
|
|
|
Featured
Panelists |
|
|
|
| 12:30
PM |
- |
Lunch
sponsored by Ministry of Finance Japan |
|
|
|
| 2:00
PM |
- |
Panel
3: First Mile Creating Points of Entry for Money
Remitters |
|
|
Moderated
by Pol.Maj.Gen.
Peeraphan Prempooti, Secretary General of AMLO,Thailand |
|
|
|
|
|
Discussion
Topics |
|
|
- What
market incentives do senders face when choosing a
remittance service?
- How
can senders become acquainted with different options
for remittance service?
- What
are remittance service providers doing to attract
customers?
|
|
|
Featured
Panelists |
|
|
|
|
|
|
| 3:30
PM |
- |
Coffee
Break sponsored by Ministry of Finance Japan |
|
|
|
| 3:45PM |
- |
Panel
4: Intermediary Strengthening Formal Channels I:
Technology |
|
|
Moderated
by Lois
E. Quinn Deputy Director for Terrorist Financing &
Remittances International
Banking & Securities, US Treasury, United
States |
|
|
|
|
|
Discussion
Topics |
|
|
- What
are the new technologies being implemented in the
remittances market?
- How
has technology affected market competition in the
formal sector?
- Is
technology a factor in competition between formal
and informal systems?
|
|
|
Featured
Panelists |
|
|
|
| 5:00
PM |
- |
Kaizen*
|
|
|
Panelists
will be placed at a different roundtables to engage in
more detailed discussions with other participants on
their relevant topics. |
|
|
|
| 8:00
PM |
- |
Dinner
hosted by Ministry of Finance Japan with a Keynote
Speaker Mr.
Kiyoshi Kodera; Deputy Director General, International
Bureau, Japan Ministry of Finance |
|
|
June
4
(Fri)
|
| 9:00
AM |
- |
Panel
5: Intermediary Strengthening Formal Channels II:
Developing Remittance Specific Products and Services |
|
|
Moderated
by Alfredo Pascual, Director of Private Sector Operations, Asian
Development Bank |
|
|
|
|
|
Discussion
Topics |
|
|
- How
have strategies been developed to create
remittance-specific products and services?
- How
do remittance service providers respond to customer
needs and market incentives?
- What
are some specific changes that remittance service
providers have implemented (e.g. bilingual staff,
special hours of operation, targeted business
locations, etc.)?
|
|
|
Featured Panelists |
|
|
|
| 10:30
AM |
- |
Coffee
Break sponsored by Ministry of Finance Japan |
|
|
|
| 10:45
AM |
- |
Panel
6: Last Mile Maximizing the Potential of Remittances
|
|
|
Moderated
by Raul Hernandez-Coss, Financial Sector Specialist, the
World Bank |
|
|
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|
|
Discussion
Topics |
|
|
- What
are the challenges to bringing formal remittances
services to the financially disenfranchised?
- What
are the issues for urban and rural areas?
- How
can remittances be used as a mechanism for banking the
unbanked?
|
|
|
Featured
Panelists |
|
|
|
| 12:15
PM |
- |
Lunch
sponsored by Ministry of Finance
Japan |
|
|
|
| 2:00
PM |
- |
Panel
7: Going the Extra Mile The Role of Government, Civil
Society and NGOs |
|
|
Moderated
by Nobiru Adachi APEC ARS Co-Chair Japan |
|
|
|
|
|
Discussion
Topics |
|
|
- What
can be done by government, civil society and NGOs to
strengthen the formal market for remittances and
maximize the impact of remittances?
- How
can bilateral initiatives between governments help
create efficient competitive international remittance
channels?
- How
can migrant workers and their families be better
educated and informed about sending/receiving issues
in the remittances market?
|
|
|
Featured
Panelists |
|
|
- Manuel
Orozco Senior Research Associate, Georgetown
University
- Ildefonso
Bagasao Asian
Development Bank consultant for the study of overseas
Filipino
workers remittances, Chief
of ERCOF
- Lee
Guat Keow Senior Manager, Foreign Exchange
Administration Department, Bank Negara Malaysia
- Michael
Frias Community Affairs Officer, Federal Deposit
Insurance Corporation
|
| 4:15
PM |
- |
Coffee
Break sponsored by Ministry of Finance
Japan |
|
|
|
| 4:30
PM |
- |
"Kaizen*
and
Summary of Kaizen* Groups |
|
|
Panelists
will be placed at a different roundtables to engage in more
detailed discussions with other participants on their
relevant topics. |
| 5:30
PM |
- |
Closing
Remarks by Ms. Margery Waxman, Director, Financial Market
Integrity, The World Bank
<video> |
|
|
*
Kaizen is a Japanese term referring generally to the
process of development and improvement that may be achieved
through investigation, research, discussion and consensus.
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