with the support of the Government of Japan OECD-BANGKO SENTRAL NG PILIPINAS ASIAN SEMINAR ON FINANCIAL LITERACY AND INCLUSION Addressing the Upcoming Challenges 11 12 September 2012 Mactan, Cebu, Philippines AGENDA (Version of 5 September) DAY 1 TUESDAY 11 SEPTEMBER 2012 8.45 9.15 Registration of participants 9.15 9.30 Opening remarks: Setting the global context Mr. André Laboul, Head of Financial Affairs Division, OECD and Chair of the International Network on Financial Education (INFE) 9.30 10.00 Keynote Address: Mr. Amando M. Tetangco, Jr. The Chairman of the Monetary Board and Governor of 10.00 11.00 Group photo & Coffee break 11.00 12.50 Plenary Panel: Financial Education and Asian Particularities: Policy Implications and Experience Moderator: Mr. André Laboul, Head of Financial Affairs Division, OECD and Chair of the OECD International Network on Financial Education (INFE) Dr. Johnny Noe E. Ravalo, Managing Director, Ms. Shaohua Zhang, Director, Research Institute of Finance and Banking, The People's Bank of China Mr. Iosefo Bourne, Deputy Governor, Central Bank of Samoa Mr. Pungky Purnomo Wibowo, Executive Research, Bank Indonesia Mr. Shri Gyan Bhushan, Chief General Manager, Securities and Exchange Board of India (SEBI) 1
Issues: Structure of the financial sector and the status of banks Fragmented delivery Diversity of audiences Disparities in the level of financial inclusion Financial culture and attitude (risk aversion and confidence) Low financial literacy Policy solutions: development of national strategies; combining financial inclusion and education : the state of play 12.20 12.50 Questions and Answers (Q & A) 12.50 14.00 Lunch break BREAK-OUT SESSIONS: THE INSTITUTIONAL AND OPERATIONAL LEVELS 14.00 15.30 Part 1: Selected areas and delivery channels 14.00 15.30 Session 1: Financial Education on Credit Session 2: Financial Education through Innovative Channels Moderator: Mr. André Laboul, Head of Financial Affairs Division, OECD and Chair of the OECD International Network on Financial Education (INFE) Ms. Megan Chapman, Government and Policy Team, Consultative Group to Assist the Poor (CGAP) Ms. Koid Swee Lian, CEO, Credit Counselling and Debt Management Agency (AKPK), Malaysia Mr. Jeff Liew, Regional Financial Capacity Adviser, Pacific Financial Inclusion Programme, United Nations Capital Development Fund (UNCDF) Issues: Development and level of debt in Asian economies Microcredit issues : increased access and possible shortfalls The role of financial education alongside consumer protection measures 15.30 16.00 Coffee break Moderator: Mr. Robert Drake, Senior Executive Leader, Financial Literacy, Australian Securities and Investments Commission (ASIC) Ms. Lauren Dawes, Head of mlearning, Development Fund, GSM Association Mr. Craig Tower, Senior Research Officer, Microfinance Opportunities Ms. Lebogang Ramafoko, CEO, Soul City Institute Impact of innovative channels on financial literacy needs Challenges of reaching out and educating population with low literacy 2
16.00 17.30 Part 2: Selected Target Audiences 16.00 17.30 Session 3: Financial Literacy and SMEs Session 4: Financial Education for Migrant Workers Moderator: Mr. Antonio B. Cintura, Director of the Economic and Financial Learning Center (EFLC), Bangko Sentral ng Pilipinas Mr. Wichai Limpitikranon, Manager, Business and Economic Development Program, Kenan Institute Asia, Thailand Mr. Girraj Prasad Garg, OSD/Registrar, National Institute of Securities Markets, India Mr. Peter Meyer, US-ASEAN Business Council Financial Services Working Group, Vice President Commissioner of PT Chartis Insurance Indonesia Moderator: Ms. Flore-Anne Messy, Senior Policy Expert, Financial Education, OECD and Executive Secretary, International Network on Financial Education (INFE) Ms. Yousra Hamed, Technical Officer, Social Finance Programme, International Labour Organisation (ILO) Ms. Yoko Doi, Financial Specialist, World Bank Ms. Veronica Gamez, Executive Director, AIHDA Ms. Ruth C. Gonzaga, Deputy Director, the Department of Economic Statistics, Issues: Importance of financial literacy for Specific needs of migrant workers micro and small entrepreneurs Outreach and delivery mechanisms Barriers to education and solutions EVENING 18.30-21.00 RECEPTION DINNER, hosted by OECD To be held at the Hotel Crimson Resort and Spa, Mactan, Cebu. Bus transportation will be provided. Departure from Shangri-La at 18.30. **************** 3
DAY 2 WEDNESDAY 12 SEPTEMBER 2012 9.00 9.15 Summary of Day 1 Ms. Pia Bernadette Roman Tayag, Acting Deputy Director and Head, 9.15 11.00 Plenary Case Studies Session Financial Education for Youth and in Schools: International Context and Asian Experience Moderator: Ms. Flore-Anne Messy, Senior Policy Expert, Financial Education, OECD and Executive Secretary, International Network on Financial Education (INFE) Mr. Suhaimi Ali, Director, Consumer and Market Conduct Department, Bank Negara Malaysia Mr. Jeff Liew, Regional Financial Capacity Adviser, Pacific Financial Inclusion Programme, United Nations Capital Development Fund (UNCDF) Mr. Robert Drake, Senior Executive Leader, Financial Literacy, Australian Securities and Investments Commission (ASIC) Mr. Daniele Scauso, Financial Authorities Relationship Manager, Child and Youth Finance International Issues: Importance of starting financial education at a young age Level of financial literacy of youth and PISA results Involvement of parents and the wider community Challenges of financial education in schools Efficient approaches and solutions Questions and Answers (Q & A) 11.00 11.30 Coffee break 11.30 12.15 Wrap-up Session Advancing the policy debate, identifying efficient institutional and operational practices and tools Global Moderator: Mr. André Laboul and Moderators of the concurrent panels: Mr. Robert Drake Ms. Flore-Anne Messy Mr. Antonio B. Cintura The role of stakeholders, coordination issues, and definition of agreed policy priorities. Are there conflicting objectives / overlapping initiatives? How can these be addressed? How to ensure sustainability of programmes Best ways to outreach groups of the population How do we measure changes at programme and broader level? Main lessons learned 4
12.15 12.30 Closing Remarks 12.30 14.00 Lunch break Mr. Hidehiko Sogano, Vice Chair of the OECD Committee on Financial Markets and Deputy Director General, Financial Markets and International Department, Bank of Japan Dr. Johnny Noe E. Ravalo, Managing Director, DAY 2 AFTERNOON SESSION FOR REPRESENTATIVES OF CENTRAL BANKS ONLY 3 rd OECD Asian Roundtable on the Role of Central Banks in Financial Literacy and Inclusion **************** 5