Asian Seminar on financial literacy and inclusion

Addressing the upcoming challenges

11-12 September 2012, Mactan, Cebu, Philippines

Co-hosted by the Bangko Sentral ng Pilipinas (BSP) and the OECD, with the sponsorship of the Government of Japan, ‌this seminar took place in Mactan, Cebu, on 11-12 September 2012.

Building on internationally recognised standards developed by the OECD and the International Network on Financial Education (INFE), discussions addressed the needs of countries looking to develop effective and coordinated financial education programmes with a particular focus on the Asian region. Specifically:

Financial education globally and in Asia
Financial education on credit
Financial education through innovative channels
Financial literacy and SMEs
Financial education for migrant workers
Case studies on financial education for youth and in schools

This event brought together high-level officials and experts from central banks and officials of state governments, the private sector, academia and non-governmental organisations from OECD, South East Asia/ASEAN and APEC countries.

The Asian Seminar was followed back-to-back by the Third OECD Asian Roundtable on the Role of Central Banks in Financial Literacy and Inclusion on 12 September 2012 (afternoon session, for central banks only).

Speaker bios

Programme:

DAY 1

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)

Keynote Address:

Mr. Amando M. Tetangco, Jr., The Chairman of the Monetary Board and Governor of Bangko Sentral ng Pilipinas

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, Bangko Sentral ng Pilipinas [presentation]
Ms. Shaohua Zhang, Director, Research Institute of Finance and Banking, The People's Bank of China [presentation]
Mr. Iosefo Bourne, Deputy Governor, Central Bank of Samoa [presentation]
Mr. Pungky Purnomo Wibowo, Executive Research, Bank Indonesia [presentation]
Mr. Shri Gyan Bhushan, Chief General Manager, Securities and Exchange Board of India (SEBI) [presentation]

BREAK-OUT SESSIONS: THE INSTITUTIONAL AND OPERATIONAL LEVELS

Part 1: Selected areas and delivery channels

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) [presentation] Ms. Koid Swee Lian, CEO, Credit Counselling and Debt Management Agency (AKPK), Malaysia [presentation] Mr. Jeff Liew, Regional Financial Capacity Adviser, Pacific Financial Inclusion Programme, United Nations Capital Development Fund (UNCDF) [no presentation available]	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 [presentation] Mr. Craig Tower, Senior Research Officer, Microfinance Opportunities [presentation] Ms. Lebogang Ramafoko, CEO, Soul City Institute [presentation]
Part 2: Selected Target Audiences
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 [presentation] Mr. Girraj Prasad Garg, OSD/Registrar, National Institute of Securities Markets, India [presentation] Mr. Peter Meyer, US-ASEAN Business Council Financial Services Working Group, Vice President Commissioner of PT Chartis Insurance Indonesia [presentation]	Moderator: Ms. Flore-Anne Messy, Senior Policy Expert, Financial Education, OECD and Executive Secretary, International Network on Financial Education (INFE) Ms. Yousra Hamed (bio not available), Technical Officer, Social Finance Programme, International Labour Organisation (ILO) [presentation] Ms. Yoko Doi, Financial Specialist, World Bank [presentation] Ms. Veronica Gamez, Executive Director, AIHDA [presentation] Ms. Ruth C. Gonzaga, Deputy Director, the Department of Economic Statistics, Bangko Sentral ng Pilipinas [presentation]
Day 2
Summary of Day 1 Ms. Pia Bernadette Roman Tayag, Acting Deputy Director and Head, Bangko Sentral ng Pilipinas
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 [presentation] Mr. Jeff Liew, Regional Financial Capacity Adviser, Pacific Financial Inclusion Programme, United Nations Capital Development Fund (UNCDF) [presentation] Mr. Robert Drake, Senior Executive Leader, Financial Literacy, Australian Securities and Investments Commission (ASIC) [presentation] Mr. Daniele Scauso, Financial Authorities Relationship Manager, Child and Youth Finance International [presentation]
Closing Remarks
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, Bangko Sentral ng Pilipinas