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 Building the Pillars of Financial Sector Governance
Agenda

Wednesday, May 22, 2002

1900 Welcome Dinner

Day 1: Thursday, May 23, 2002

0900

Session 1: Welcome and Opening Remarks
Welcome address: Shri R.H. Sarma, Chief Executive Officer, The Indian Institute of Bankers
Presidential address: Mr. Y. Radhakrishnan, President and Managing Director, State Bank of India
Workshop Overview - Introductory Remarks

Shri A. Ramamurthy, Current-in-Charge and Managing Director, Life Insurance Corporation of India
Mr. Mansoor Dailami, Lead Economist, World Bank Institute

     
0930

Session II: Progress Report: The development of NBFIs in India - Benchmarking the development of NBFIs compared to other developing and developed countries?
Speaker: Mr. Michael Pomerleano, Lead Financial Specialist, Financial Sector Development Department

     
1000

Session III: Policy and Regulatory Framework for NBFIs (Illustrative topics that will be addressed in the context of India: integrated supervision, supervising financial conglomerates)
Speaker: Mr. Jeffrey Carmichael, Chairman, Australian Prudential Regulatory Authority

     
1100

Tea

     
1130

Session IV: Panel Discussion Addressing Policy and Regulatory Initiatives to Foster the Development of NBFIs in India
Chair: Shri N. Sadasivan, Executive Director, Reserve Bank of India
Moderator: Mr. Mansoor Dailami, Lead Economist, World Bank Institute
Panel: Shri Ananta Barua, Jt. Legal Advisor, SEBI; Dr. J. Bhagawati, Jt. Secretary, Goverment of India; IRDA

     
1230

Lunch

     
1330

NBFIs Development in India: Challenges and Opportunities
Session V: Securities Markets Policy Issues
Chair: Mr. Ravi Narain, Managing Director, National Stock Exchange
Speaker: Dr. Benn Steil, André Meyer Senior Fellow in International Economics, Council on Foreign Relations
Panelists: Senior Officials from NSE, BSE, OTC Exchange

     
1500

Session VI: Development of the Insurance Industry - Progress and Remaining Agenda
Mr. John Thompson, former Deputy Head of OFSI, Canada, and Chairman, Insurance Advisory Group of Toronto International Leadership Centre
Executive Director, Life Insurance Corporation of India

1545

Session VII: Mutual Funds Development Challenges
Shri A.P. Kurien, Chairman, Association of Mutual Funds of India; Mr. Lesli Cummins, Investment Officer, IFC

1630

Tea Break

1645

Session VIII: Pension Funds Reform
Representative from IRDA; Dr. S.A. Dave, Former Chairman, UTI; Mr. Alberto R. Musalem, Advisor, Financial Sector Development Department, World Bank

0730

Session IX: NBFCs/Leasing Finance
Shri O.P. Agrawal, CGM, DNBS, Reserve Bank of India; Shri Mahesh Thakkar, Executive Director, Association of Leasing and Financial Services Company; Ms. Priya Basu, Lead Financial Economist, South Asia Region, World Bank

1830

Welcome
Shri R.H. Sarma, CEO, IIB
Keynote Speech
Mr. Stephen Grenville, former Deputy Governor, Reserve Bank of Australia

2000

Dinner

Day 2: Friday, May 24, 2002

0900

Session X: Concurrent Breakout Group Discussion (Four parallel breakout groups) What policy measures are needed to foster the development of NBFIs in India? What needs to be done in the near term and long term in policy and regulation for NBFIs in India?

     

1. Policy and Regulatory Framework for NBFIs
Sector Expert: Dr. A.C. Shah, Former Chairman, Bank of Baroda
Facilitator: Mr. Carmichael
Chair and Rapporteur: (from delegates)

     

2. Securities Markets/Capital Markets/Mutual Funds
Sector Expert: Mr. Ravi Mohan, Managing Director, DRISIL
Facilitator: Mr. Benn Steil
Chair and Rapporteur: (from delegates)

     

3. Pension Funds and Insurance
Sector Expert: Mr. Harbhajan Singh, Former Member, IRDA
Facilitators: Mr. Alberto Musalem and Mr. John Thompson
Chair and Rapporteur: (from delegates)

     

4. NBFCs/Leasing
Sector Experts: Shri C.C. Mitra, General Manager, DNBS, Reserve Bank of India; Shri Deepak Gupta, Executive Director, Kotak Mahindra
Facilitator: Ms. Priya Basu, Lead Financial Economist, South Asia Region, World Bank

     
1315

Lunch

     
1430

Session XI: Plenary Session - Repurt of the Breakout Groups (Securities Markets, Pensions, Mutual Funds, Insurance and NBFCs)
Moderator: Shri Pradeep Kar, Executive Director, SEBI
Panel Members - Representatives from:
1. Shri C.S. Murthy, CGM in-charge, DNBS, RBI
2. Shri P.K. Nagpal, CGM, SEBI
3. Shri Ashwin Parekh, Consultant, Anderson
4. Shri Mahesh Thakkar, Executive Director, Association of Leasing and Financial Services Company
5. IRDA
6. LIC
7. Government of India

     
1600

Tea

1630

Session XII: Concluding Remarks
Mr. S.K. Purkayastha, Addl. Secretary, Government of India
Mr. Mansoor Dailami, Lead Economist, WBI

     

Closing Reception

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