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2015/FDM1/026 Session: 8
Financing Resilient and Inclusive Growth: 2015 ABAC Finance Work Program
Purpose: Information
Submitted by: APEC Business Advisory Council
Finance and Central Bank Deputies’ MeetingTagaytay, Philippines
5-6 March 2015
FINANCING RESILIENT AND INCLUSIVE GROWTH
2015 ABAC Finance Work Program
Presented at the
APEC Finance and Central Bank Deputies’ Meeting
5-6 March 2015
Taal Vista Hotel, Tagaytay City, Philippines
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Advancing the Regional Economic Integration and Services Agenda
Strengthening and Facilitating SMME Entry into Global Markets
Maximizing Innovation and Human Capital Potential
Promoting Liveable, Sustainable Cities and Resilient Communities
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“Resilient, Inclusive Growth: A Fair Deal for All”
Priorities
ABAC 2015 Theme and Priorities
ABAC Priorities in Finance Access to finance Capital market
development and integration
Financial solutions for more resilient communities
Infrastructure investment Macroeconomic review Valuation standards and
practices
FMP Initiatives led by ABAC:
• Asia-Pacific Financial Forum
(APFF)
– since 2013
• Asia-Pacific Infrastructure
Partnership (APIP)
– since 2011
• Asia-Pacific Forum on Financial Inclusion– since 2010
ABAC Priorities in Finance Access to finance Capital market
development and integration
Financial solutions for more resilient communities
Infrastructure investment Macroeconomic review Valuation standards and
practices
FMP Initiatives led by ABAC:
• Asia-Pacific Financial Forum
(APFF)
– since 2013
• Asia-Pacific Infrastructure
Partnership (APIP)
– since 2011
• Asia-Pacific Forum on Financial Inclusion– since 2010
ABAC Priorities in Finance Access to finance Capital market
development and integration
Financial solutions for more resilient communities
Infrastructure investment Macroeconomic review Valuation standards and
practicesResults and further recommendations to be reportedto APEC Finance Ministers during the AFMM.
FMP Initiatives led by ABAC:
• Asia-Pacific Financial Forum
(APFF)
– since 2013
• Asia-Pacific Infrastructure
Partnership (APIP)
– since 2011
• Asia-Pacific Forum on Financial Inclusion– since 2010
ABAC Priorities in Finance Access to finance Capital market
development and integration
Financial solutions for more resilient communities
Infrastructure investment Macroeconomic review Valuation standards and
practicesResults and further recommendations to be reportedto APEC Finance Ministers during the AFMM.
Access to Finance
SMME Lending Infrastructure Credit information systems
pathfinder Secured transactions/movables
collateral pathfinder
Supply Chain Finance Innovative Financing
Mechanisms Digital Microfinance
Completed:• Asia-Pacific Forum on Financial Inclusion
– 3-4 March, Tagaytay City
Upcoming:• APFF Roundtable on Financing MSMEs
– 20 April, Mexico City
• IFC Warehousing / Collateral Management– Early May, Beijing
• ABAC-IFC Seminars on Innovative Financing Mechanisms
– 21 May, Kuala Lumpur– Date TBC, China
• APEC SMEWG - ABAC Forum on SME Financing
– 22 September, Iloilo City
• APFF Workshops on Supply Chain Finance– Date TBC, China– Date TBC, Indonesia– Date TBC, Philippines
Access to Finance
SMME Lending Infrastructure Credit information systems
pathfinder Secured transactions/movables
collateral pathfinder
Supply Chain Finance Innovative Financing
Mechanisms Digital Microfinance
Completed:• Asia-Pacific Forum on Financial Inclusion
– 3-4 March, Tagaytay City
Upcoming:• APFF Roundtable on Financing MSMEs
– 20 April, Mexico City
• IFC Warehousing / Collateral Management– Early May, Beijing
• ABAC-IFC Seminars on Innovative Financing Mechanisms
– 21 May, Kuala Lumpur– Date TBC, China
• APEC SMEWG - ABAC Forum on SME Financing
– 22 September, Iloilo City
• APFF Workshops on Supply Chain Finance– Date TBC, China– Date TBC, Indonesia– Date TBC, Philippines
Access to Finance
SMME Lending Infrastructure Credit information systems
pathfinder Secured transactions/movables
collateral pathfinder
Supply Chain Finance Innovative Financing
Mechanisms Digital Microfinance
Completed:• Asia-Pacific Forum on Financial Inclusion
– 3-4 March, Tagaytay City
Upcoming:• APFF Roundtable on Financing MSMEs
– 20 April, Mexico City
• IFC Warehousing / Collateral Management– Early May, Beijing
• ABAC-IFC Seminars on Innovative Financing Mechanisms
– 21 May, Kuala Lumpur– Date TBC, China
• APEC SMEWG - ABAC Forum on SME Financing
– 22 September, Iloilo City
• APFF Workshops on Supply Chain Finance– Date TBC, China– Date TBC, Indonesia– Date TBC, Philippines
Capital Market Development and Integration
Liquid capital markets Classic repo markets and legal
infrastructure for derivatives
Facilitating cross-border financial flows Financial market infrastructure / cross-
border practices
Information for capital market investors
Asia Region Funds Passport
Addressing impact of developments in international financial systems on financial markets and services
Longevity solutions
Completed:
• APFF Roundtable on Financial Regulations
– 27 January, Hong Kong, China
Upcoming:
• Consultation on Information for Capital Market Investors
– 11 March, Manila
• APFF Seminar on Longevity Solutions and ARFP
– 10 August, Melbourne
• Workshop on Accelerating Asia-Pacific Capital Market Development and Integration
– Date TBC, Philippines
• APFF Workshops on Repo, Derivatives, FMI, Information for Capital Market Investors
– Date TBC, China
– Date TBC, Indonesia
– Date TBC, Philippines
• APFF industry and public sector experts’ discussions on the draft ARFP rules and operational arrangements
– Date TBC
• APFF outreach seminars to industry and regulators on ARFP
– Date TBC, various jurisdictions
Capital Market Development and Integration
Liquid capital markets Classic repo markets and legal
infrastructure for derivatives
Facilitating cross-border financial flows Financial market infrastructure / cross-
border practices
Information for capital market investors
Asia Region Funds Passport
Addressing impact of developments in international financial systems on financial markets and services
Longevity solutions
Completed:
• APFF Roundtable on Financial Regulations
– 27 January, Hong Kong, China
Upcoming:
• Consultation on Information for Capital Market Investors
– 11 March, Manila
• APFF Seminar on Longevity Solutions and ARFP
– 10 August, Melbourne
• Workshop on Accelerating Asia-Pacific Capital Market Development and Integration
– Date TBC, Philippines
• APFF Workshops on Repo, Derivatives, FMI, Information for Capital Market Investors
– Date TBC, China
– Date TBC, Indonesia
– Date TBC, Philippines
• APFF industry and public sector experts’ discussions on the draft ARFP rules and operational arrangements
– Date TBC
• APFF outreach seminars to industry and regulators on ARFP
– Date TBC, various jurisdictions
Capital Market Development and Integration
Liquid capital markets Classic repo markets and legal
infrastructure for derivatives
Facilitating cross-border financial flows Financial market infrastructure / cross-
border practices
Information for capital market investors
Asia Region Funds Passport
Addressing impact of developments in international financial systems on financial markets and services
Longevity solutions
Completed:
• APFF Roundtable on Financial Regulations
– 27 January, Hong Kong, China
Upcoming:
• Consultation on Information for Capital Market Investors
– 11 March, Manila
• APFF Seminar on Longevity Solutions and ARFP
– 10 August, Melbourne
• Workshop on Accelerating Asia-Pacific Capital Market Development and Integration
– Date TBC, Philippines
• APFF Workshops on Repo, Derivatives, FMI, Information for Capital Market Investors
– Date TBC, China
– Date TBC, Indonesia
– Date TBC, Philippines
• APFF industry and public sector experts’ discussions on the draft ARFP rules and operational arrangements
– Date TBC
• APFF outreach seminars to industry and regulators on ARFP
– Date TBC, various jurisdictions
Financial Solutions for More Resilient Communities
Disaster Risk Finance
Micro-Insurance
Upcoming:
• Seminar on Enhancing Capacity for Risk Sharing and Risk Transfer (Microinsurance and Disaster Risk Finance)
– 29-30, Bacolod City
Financial Solutions for More Resilient Communities
Disaster Risk Finance
Micro-Insurance
Upcoming:
• Seminar on Enhancing Capacity for Risk Sharing and Risk Transfer (Microinsurance and Disaster Risk Finance)
– 29-30 April, Bacolod City
Infrastructure Investment
Bankable PPP Projects
Asia-Pacific Infrastructure Partnership (APIP)
APIP participation in APEC PPP Experts Advisory Panel
Promoting long-term investment in infrastructure
Asia-Pacific Urban Infrastructure Network
Completed:
• APIP Dialogue with the Government of the Philippines / APIP participation in PPP Experts Advisory Panel Meeting
– 4 March, Tagaytay City
• ABAC comments to the IAIS on the draft risk-based, global insurance capital standard (focus: impact on long-term investment)
Upcoming:
• APFF Investor Roundtable on Long-Term Investment in Asian Infrastructure
– Date TBC, Toronto
• Seminar on Resilient Infrastructure
– Date TBC, Philippines
• APIP participation in PPP Experts Advisory Panel Meeting
– Date TBC, Philippines
Infrastructure Investment
Bankable PPP Projects
Asia-Pacific Infrastructure Partnership (APIP)
APIP participation in APEC PPP Experts Advisory Panel
Promoting long-term investment in infrastructure
Asia-Pacific Urban Infrastructure Network
Completed:
• APIP Dialogue with the Government of the Philippines / APIP participation in PPP Experts Advisory Panel Meeting
– 4 March, Tagaytay City
• ABAC comments to the IAIS on the draft risk-based, global insurance capital standard (focus: impact on long-term investment)
Upcoming:
• APFF Investor Roundtable on Long-Term Investment in Asian Infrastructure
– Date TBC, Toronto
• Seminar on Resilient Infrastructure
– Date TBC, Philippines
• APIP participation in PPP Experts Advisory Panel Meeting
– Date TBC, Philippines
Infrastructure Investment
Bankable PPP Projects
Asia-Pacific Infrastructure Partnership (APIP)
APIP participation in APEC PPP Experts Advisory Panel
Promoting long-term investment in infrastructure
Asia-Pacific Urban Infrastructure Network
Completed:
• APIP Dialogue with the Government of the Philippines / APIP participation in PPP Experts Advisory Panel Meeting
– 4 March, Tagaytay City
• ABAC comments to the IAIS on the draft risk-based, global insurance capital standard (focus: impact on long-term investment)
Upcoming:
• APFF Investor Roundtable on Long-Term Investment in Asian Infrastructure
– Date TBC, Toronto
• Seminar on Resilient Infrastructure
– Date TBC, Philippines
• APIP participation in PPP Experts Advisory Panel Meeting
– Date TBC, Philippines
Appendix: Update on APFFObjectives and Management
A regional platform for collaboration between public and private sectors
Aim: Accelerate the development of sound, efficient and integrated financial markets and services
Initiative under the APEC Finance Ministers’ Process
Managed and led by the private sector through the APEC Business Advisory Council
Provides advice from a regional development perspective
Contributors: Over 300 experts from more than 150 firms,
industry associations, multilateral organizations, government
agencies and regulatory bodies
Structure:Overall management: Chair and Coordinator
Six work streams led by sherpas/co-sherpas
Appendix: Update on APFFStructure
APEC Finance Ministers (21
ministers)
APEC Business Advisory Council
(ABAC)APFF Chair
APFF Coordinator
Work Stream 1
Lending Infrastructure
Work Stream 2
Trade and Supply Chain
Finance
Work Stream 3
Capital Markets
Repo Markets OTC DerivativesInformation for capital market
investors
Asia Region Funds Passport
Work Stream 4
Financial Market Infrastructure
Work Stream 5
Insurance and Retirement
Income
Work Stream 6
Linkages and Structural
Issues
Appendix: Update on APFFCollaborating Institutions
2G Development Co. Limited * AIA Group * All Win Credit * Alpine Guides Fox Glacier Ltd * AmBank Group * AMInvestment Bank * ANZ Bank * APEC Policy Support Unit * APEC Secretariat * ASEAN Bankers‘ Association * ASEAN Secretariat * Ashurst Australia * ASIFMA * Asia/Pacific Group on Money Laundering * ADB * ADB Institute * ALIDE * ADFIAP * Association of Insurers and Reinsurers of Developing Countries * Australian APEC Study Centre * Australian Financial Markets Association * AustralianSuper * BAFT-IFSA * Banco de Chile * Banco de Mexico * BIS * Bank Islam Brunei Darussalam Berhad * Bank Negara Malaysia * Bank of China * Bank of New York Mellon * Bank of Thailand * Barclays * Barnert Global Ltd. * Bingham Sakai Mimura Aizawa * BlackRock Investment Managers * Bun & Associates * Caterpillar * Cathay Financial Holdings * Cathay Life Insurance * CBRC * CSIS Indonesia * Central Bank of Chile * Central Bank of Myanmar * CFA Institute * Charles Schwab * China Association of Microfinance * China Association of Warehouses and Storage * CIRC * Citi * Clifford Chance * CLP Holdings * CLS Bank Group * Control Union * Corrs Chambers Westgarth * CGIF * Credit Information Corporation * CRIF Information Technology Services Co., Ltd. * Davis Wright Tremaine * DBS Bank * Deloitte Touche Tohmatsu * Deutsche Bank AG * DHgate.com * eBay Inc. * Ernst & Young * Euroclear* Experian * Fidelity Investments * FIMBank p.l.c. * Finance Consultant * Financial Stability Board * Fitch Ratings Singapore Pte Ltd * Fung Global Institute * GE Capital * GIZ * Goldman Sachs * Great Eastern Life Assurance Company * Gresham Partners Limited * GT Nexus * Hong Kong Interbank Clearing Limited * Hong Kong Investment Funds Association * HKMA * HSBC * Huaxia Dun & Bradstreet * IAG * ICI Global Asia Pacific * OJK * ICBC * ING Bank * Institute for International Monetary Affairs * Inter-American Development Bank * International Capital Market Association * International Chamber of Commerce * International Factors Group * IFC * International Insurance Society * IMF * ISDA * International Valuation Standards Council * Japan FSA * Japan Securities Dealers Association (JSDA) * Japan Securities Investment Advisers Association * Jardine Matheson Limited * JP Morgan Chase * Korea Ministry of Strategy and Finance * KPMG * Latin American Banking Federation * Manulife Asset Management * MasterCard Worldwide * MetLife * Metlife Investments Asia Ltd. * Ministry of Justice, Vietnam * Ministry of Justice, Vietnam * Ministry of Law and Human Rights, Republic of Indonesia * Moodys Corporation * Morrison & Foerster LLP * National Bank of Cambodia * NICE Information Service Co., Ltd. * Nippon Life Insurance Company * Nishimura & Asahi * Nomura Asset Management Co., Ltd. * Nomura Holdings Inc. * OECD * Ontario Teachers' Pension Plan * Pacific Economic Cooperation Council * Pennridge * People's Bank of China * PIMCO Asia * Policy and Economic Research Council * Pramerica Financial Asia * PricewaterhouseCoopers * Prudential Corporation Asia * PT Bank BNI * PT. Indika Energy Tbk * Quam Limited * Queens Counsel * RBC Dominion Securities Inc * RenminUniversity of China * Royal Bank of Scotland * Samsung Life Insurance * Securities Commission Malaysia * SFC Hong Kong * Shanghai Advanced Institute of Finance * Singapore Business Federation * Standard Chartered Bank * State Street * Stirling Finance Ltd * Strategic Access Limited * Sun Life Financial Asia * SWIFT * The American Chamber of Commerce in China * The Bank of Tokyo-Mitsubishi UFJ * The Johns Hopkins Nitze School of Advanced International Studies * The National Pension Service of Korea * The Open Computing Alliance * The Thai Bankers' Association * The World Bank * Tokio Marine Asia Pte. Ltd. * Tramada Systems * Transunion * US Department of the Treasury * University of Hawai'i * University of Melbourne * US National Center for APEC * Vanedge Capital Partners Ltd * Vietnam National Credit Information Center * Visa * VTB Bank * WanaArtha Life * Wheelock and Company Limited * YCH Group * Zhong Lun Law Firm
*As of end-January 2015
For more information, contact:
Dr. Julius Caesar Parreñas
ABAC Delegate to the APEC Senior Finance Officials’ Meeting
2-2-2, Otemachi, Chiyoda-ku, Tokyo 100-8130, Japan
+81-3-5255-9611 [email protected]
