Korea-FSB Financial Reform Conference: An Emerging Market Perspective

Press Release

Release Date : Monday, August 16, 2010

 Korea's G20 Committee and the Financial Stability Board (FSB) to host「Korea-FSB Financial Reform Conference: An Emerging Market Perspective」

Korea's Presidential Committee for the G20 Summit and the Financial Stability Board (FSB) will co-host the「Korea-FSB Financial Reform Conference: An Emerging Market Perspective」on September 2-3.

* Financial Stability Board (FSB): Comprised of representatives from financial authorities and central banks of 24 major countries; plays a central role in coordinating and overseeing financial regulatory reform for the G20.
(Members from Korea:　Korea Financial Committee, Bank of Korea)

* Korea-FSB Financial Reform Conference: An Emerging Market Perspective 
(Venue: Seoul Grand Intercontinental Hotel)

This conference has been organized to increase the participation of non-G20 countries in G20 discussions on financial regulation, and to discuss adding a new agenda to the G20 table that would specifically reflect emerging markets' interests.

Representatives of both G20 and many non-G20 countries, such as Sweden, Kenya, Vietnam, Hungary, Morocco, Hong Kong, and Singapore are expected to participate.

The conference will be co-hosted by Korea, the first emerging country to chair a G20 Summit, and will serve as a platform for Korea to bridge the gap between advanced and emerging countries, as well as between the G20 and non-G20 countries.

By encouraging greater understanding between advanced and emerging countries through moderated discussions, Korea underscores its commitment to its growing role on the international economic stage. 

Four hundred representatives from financial authorities, financial institutions, international institutions, and academia, from an estimated sixty countries, are expected to participate in this conference.

Among the global opinion leaders from the international financial sector who will be invited to speak at the conference: Sakong Il, Chairman of the Presidential Committee for the G20 Summit, Martin Wolf, Chief Economics Commentator for the Financial Times, and Mario Draghi Chairman of the FSB.

Representing Institution	Speakers
Korea	Il SaKong (Chairman, Presidential Committee for the G20 Summit) Dong-Soo Chin (Chairman, Financial Services Commission) Yung Chul Park (Korea University) Hyun-Song Shin (Advisor to the President, Korea) Changyong Rhee (Secretary General, Presidential Committee for the G20 Summit) Je-Yoon Shin (Deputy Minister of Ministry of Strategy and Finance)
Private Sector	Martin Wolf (Financial Times), Avinash Persaud (Intelligence Capital)
International Institution	Mario Draghi (Chairman, FSB), Nout Wellink (Chairman, BCBS) Reza Moghadam (IMF), Janamitra Devan (WB), Stephen Cecchetti (BIS), Chief Economist from ADB, AfDB, EBRD
Governments	Heng Swee Kit (Managing Director, Monetary Authority of Singapore) Paul Tucker (Deputy Governor, Financial Stability, Bank of England) Gordon Bajnai (Former Prime Minister of Hungary) Njuguna Ndung'u (Governor, Central Bank of Kenya) High-level officials from Thailand, Vietnam, Morocco, Sweden, Hong Kong
G20 Deputies	Yi Gang (Deputy Governor, People’s Bank of China) Manuel Ramos-Francia (Director General, Bank of Mexico) Lesetja Kganyago (Director-General, National Treasury, South Africa) Subir V. Gokarn (Deputy Governor, Reserve Bank of India)