Wednesday 20 September 2000
Theme of the day: The Review of the Capital Accord
The Basel Committee on Banking Supervision is in the decisive stages of developing a new capital adequacy framework to replace the 1988 Basel Capital Accord. With this aim, a first consultative paper was issued in June 1999 for comment by March 2000. The proposal rests on three pillars: minimum capital requirements that are more risk-sensitive than the existing standards; a supervisory review process that considers qualitative factors; and an effective use of market discipline through the disclosure of information.
A paper describing the present state of discussion on the review of the Accord and six discussion papers on discrete topics have been prepared by the Basel Committee Secretariat.
The keynote speech by the Chairman of the Basel Committee, as well as the panel session and workshops, will offer the delegates an opportunity to receive an update on the latest developments in the proposed capital framework, to share experiences and to discuss different points of view. Finally, after the break, a group of distinguished panellists will debate the role of banks in the development of emerging markets.
The Chairman for the first day will be William J McDonough, Chairman of the Basel Committee on Banking Supervision, and President and Chief Executive Officer of the Federal Reserve Bank of New York (USA).
| 09:00 - 09:15 | Welcoming addresses Andrew Crockett, General Manager, Bank for International Settlements (BIS) Kurt Hauri, President, Swiss Federal Banking Commission |
| 09:15 - 10:00 | Keynote speech William J McDonough |
| 10:00 - 10:30 | Coffee break |
| 10:30 - 12:30 | Panel session: Review of the Capital Accord Chaired by Claes Norgren, Chairman of the Basel Committee Task Force on the Future of Capital Regulation and Director General of Finansinspektionen (Sweden) |
| 10:30 | Panellist presentations: Peter Godsoe, Chairman & Chief Executive Officer, Bank of Nova Scotia, Canada John D Hawke, Comptroller, Office of the Comptroller of the Currency, USA Edgar Meister, Member of the Directorate, Deutsche Bundesbank, Germany Marcel Ospel, Group Chief Executive Officer, UBS, Switzerland |
| 11:15 | Plenary session |
| 14:15 - 16:15 | Workshops on the Review of the Capital Accord Introduction by Danièle Nouy, Secretary General of the Basel Committee on Banking Supervision |
| 14.45 | Breakout session: |
| A. | The standardised approach: simplicity vs risk sensitivity
Chaired by Oliver Page, Director, Complex Groups Division Financial Services Authority, United Kingdom |
| B. | Internal ratings-based approach: structure and key issues
Chaired by Pierre-Yves Thoraval, Director Banking Commission, France |
| C. | Market discipline: encouraging transparency in the banking system
Chaired by Jan Brockmeijer, Deputy Director Netherlands Bank, Netherlands |
| D. | Supervisory review: an integral part of the capital framework
Chaired by Pavel Racocha, Member of the Board Czech National Bank, Czech Republic |
| E. | How to address other risks
Chaired by Gerhard Hofmann, Director Deutsche Bundesbank, Germany |
| F. | The objectives and scope of the framework
Chaired by Christo Wiese, General Manager and Registrar of Banks South African Reserve Bank, Republic of South Africa |
| 16:15 - 16:30 | Tea break |
| 16:30 - 17:45 | Panel session: Banking's role in the development of emerging markets
Chaired by John Heimann, Chairman of the Financial Stability Institute, Basel |
| 16:30 | Panellist presentations:
Manuel Conthe, Vice President, Financial Sectors, World Bank Gill Marcus, Deputy Governor, South African Reserve Bank, Republic of South Africa Laurence Meyer, Governor, Board of Governors of the Federal Reserve System, USA Roberto Setubal, President, Banco Itau, Brazil |
| 17:15 | Plenary session |
| 18:00 | Close |
Thursday 21 September 2000
Theme of the day: The financial industry in the 21st century and the consequences for bank supervision
During the last two decades, the liberalisation of economic and financial systems, the process of globalisation and the revolution in information technology and telecommunications have all affected dramatically the way in which banks work, as well as their role in the intermediation of financial flows. These factors are all having a radical impact on the structure of the financial industry and on the challenges now facing the supervisory profession. Six papers have been prepared by the Swiss host authorities for discussion of selected aspects of these challenges in the afternoon workshops.
Before the panel session on the theme of this second day, there will be a short panel discussion of the implementation of the Core Principles for Effective Banking Supervision. The conference will close with the traditional William Taylor Memorial Lecture, to be delivered by Mr Lee Hsien Loong.
The Chairman for the second day will be Kurt Hauri, President of the Swiss Federal Banking Commission.
| 08:30 - 08:45 | Introductory remarks
Kurt Hauri |
| 08:45 - 09:15 | Keynote speech
Andrew Crockett |
| 09:15 - 10:30 | Panel session: Core Principles implementation
Chaired by Göran Lind, Adviser to the Members of the Executive Board, Sveriges Riksbank |
| Panellists:
Carl-Johan Lindgren, Deputy Director, Monetary and Exchange Affairs Department, International Monetary Fund John Palmer, Superintendent, Office of the Superintendent of Financial Institutions, Canada Andrew Sheng, Chairman, Securities and Futures Commission, Hong Kong SAR, China Andres Trink, Head, Banking Supervision, Estonia | |
| 10:30 - 11:00 | Coffee break |
| 11:00 - 12:30 | Panel session: The financial industry in the 21st century
Chaired by Bruno Gehrig, Member of the Board, Swiss National Bank, Switzerland |
| 11:00 - 11:45 | Panellist presentations:
Robert Albertson, President, Pilot Financial LLC, New York, USA Toru Hashimoto, Chairman of the Board, Fuji Bank, Japan Erwin Heri, Chief Financial Officer, Credit Suisse Financial Services, Switzerland Martin Taylor, Chairman, W H Smith Group, United Kingdom |
| 11:45 - 12:30 | Plenary session |
| 14:00 - 16:00 | Workshops on the The financial industry in the 21st century
Introduction by Daniel Zuberbühler, Director of Secretariat, Swiss Federal Banking Commission |
| 14.30 - 16.00 | Breakout session: |
| A. | Financial conglomerates
Chaired by Eduardo Fernández, President National Banking and Securities Commission, Mexico |
| B. | Banking insolvency
Chaired by Audrey Anderson, Deputy Governor Bank of Jamaica |
| C. | Simplification of regulation and supervision
Chaired by Tereza Grossi Togni, Deputy Governor Central Bank of Brazil |
| D. | E-banking and e-trading
Chaired by Tharman Shanmugaratnam, Deputy Managing Director The Monetary Authority of Singapore |
| E. | Concentration in the banking industry
Chaired by Ms Patricia Jackson, Head of Financial Industry and Regulation Division, Bank of England, United Kingdom |
| F. | Supranational Regulator
Chaired by Armand Pujal, Deputy Secretary General Secretariat General of the Banking Commission, France |
| 16:00 - 16:15 | Tea break |
| 16:15 - 17:15 | William Taylor Memorial Lecture
Lee Hsien Loong, Chairman of the Monetary Authority of Singapore and Deputy Prime Minister, Singapore |
| 17:15 - 17:30 | Farewell remarks and closure
William J McDonough |