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Domestic Credit Rating Agencies in Asia -- Roles, Issues, and Challenges
The 1997 Asian financial crisis underscored the need for strengthening the financial and
corporate sectors and developing bond markets in many East Asian countries. International experience has shown that credit-rating agencies play an important role in these areas.
The seminar will address the following issues:
- How has the credit-rating industry in Asia evolved and what is its
current state?
- What role can international rating agencies play in developing bond markets and the credit-rating industry in Asia?
- How should governments help develop the domestic credit-rating industry? How and how much should governments regulate domestic credit-rating agencies?
- Should harmonization of ratings and rating practices across Asia be a target in developing domestic credit rating agencies?
- What are the latest developments in structured finance markets in East Asia and how can credit-rating agencies in the region contribute to developing these markets?
| PROGRAM/SPEAKERS |
| Time |
Speaker | Topic |
| 10:00 a.m. |
Daikichi Momma
Director, International Bureau, Ministry of Finance, Japan | Opening remarks and introduction of speakers |
Leo Mun Wai
Executive director, External Department, Monetary Authority of Singapore (MAS) |
| 10:10 a.m. |
Suresh Menon
Executive director, Rating Agency Malaysia Berhad (RAM) | Evolution of the domestic credit-rating industry in Asia
Abstract
| Presentation
|
| 10:30 a.m. |
Kazumi Takemoto
Managing director, Investor Services Group, Moody's Investors Service Pty Ltd,. Australia | Role of international rating agencies in developing the domestic credit-rating industry
Presentation |
| 10:50 a.m. |
Rajagopalan Ravimohan
Managing director and chief executive officer (CEO), Credit Rating Information Services of India Ltd. (CRISIL) | Developing and regulating domestic credit-rating agencies: the role of governments
Presentation |
| 11:10 a.m. |
Santiago F. Dumlao Jr.
President, Philippine Rating Services Corporation | Harmonizing credit ratings and rating practices in Asia
Presentation | Abstract |
| 11:30 a.m. |
Yasuhiro Harada
Executive vice president, Rating and Investment Information, Inc. (R&I), Japan | Structured finance as an engine for reforms of the banking industry in Japan
Abstract
| Presentation |
| 11:40 a.m. |
Suk-In Kang
President, National Information and Credit Evaluation, Inc., Republic of Korea | Evolution and implications of the Korean structured finance market since 1998
Abstract [PDF] |
| 11:50 a.m. |
Open Discussion
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Moderators:
Daikichi Momma and
Leo Mun Wai |
For further information, contact Mr. Srinivasa Madhur, tel: (63-2) 632-6239, fax: (63-2) 636-2183, email: smadhur@adb.org
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