Warsaw, 17 November 2009
Following the launch of the SCU Initiative on 1 April 2009, the first meeting of the Working Group on Financial Markets Development and Impact of Central Banks was held on 17 November 2009 in Warsaw, Poland.
The purpose of this meeting was to initiate dialogue between countries from the South Caucasus and Ukraine, OECD countries and key representatives of the private equity industry, business incubators, research institutions and government regulators to discuss regulatory measures to support entrepreneurship in the region through better financial sector regulation and innovative financing arrangements.
Questions addressed in this meeting included:
The meeting was co-chaired by the Czech Republic and hosted and co-organised by the National Supervision Authority of the Republic of Poland.
Opening remarks by H.E. Mr. Dag Artelius, Ambassador of the Kingdom of Sweden to the Republic of Poland
Session I: Changes in financial market reform and the impact of the financial crisis on the South Caucasus and Ukraine
Financial Crisis Presentation, Mr. Adrian Blundell-Wignall, Deputy Director of the Directorate for Financial and Enterprise Affairs, OECD
The need to address financial market development in the region, Mr. Fadi Farra, Head of the Eurasia Competitiveness Programme, Private Sector Development Division, OECD
Session II: The institutional framework question
The financial crisis experience in the South Caucasus and Ukraine, Mr. Marek Dabrowski, President, CASE Centre for Social and Economic Research
Current state of the financial crisis, and priorities for the region, Mr. Mark Allen, Senior Regional Representative, International Monetary Fund
Financial markets supervision: Poland's case, Mr. Jaroslaw H. Kozlowski, Expert, Polish Financial Supervision Authority
Financial regulation in the Czech Republic, Mr. Pavel Vacek, Director of Financial Market Regulation, Czech National Bank
Session III: Financing SME growth
Issues surrounding foreign bank penetration, Mr. Colm Foy, Co-ordinator, Asia and Pacific, OECD Development Centre
Implications of foreign bank activities in emerging markets: maximising the positive impact for economic development, Ms. Burcu Hacibedel, Economist, OECD Development Centre
Start-up support for SMEs through credit-guarantee schemes, Mr. Lubomír Rajdl, Member of the Board of Directors, Czech-Moravian Guarantee and Development Bank
A view from the private sector: positive contributions for SME growth, Mr. Rainer Münz, Erste Bank Group