Building a better financial infrastructure in Asia
Robust, stable financial systems and markets are key to sustained economic development in Asia, whether we are in periods of crisis, recovery or growth. In 2010, Asia appears to be in recovery mode, perhaps leading the rest of the world out of crisis, but the Asian financial industry cannot be complacent. Financial institutions across the region are busy strengthening their offerings for local and international markets while refocusing on core products and regional advantages to obtain greater market share.
Indonesia has the largest economy in Southeast Asia and is one of the emerging market economies of the world. With a market-based economy in which the government plays a significant role, it has weathered the global financial crisis relatively smoothly because domestic consumption is the driver of economic growth. During the crisis, Indonesia outperformed its regional neighbours and joined China and India as the only G20 members posting growth during the crisis, and in 2010 the trend continues.
Come join the SWIFT community in Jakarta as we come together for our first-ever SWIFT Jakarta Business Forum to share best practices and agree how we can collaborate in the non-competitive space to meet the needs of the Indonesian financial sector and the corporates and consumers it serves. With special focus on the securities markets and infrastructures plus standards and technology, our guest speakers will share the latest developments and market insights and lead our discussion around supporting Jakarta as a regional power and Islamic Finance hub.
We are confident that this SWIFT Business Forum will encourage and advance critical dialogue and common action, and look forward to seeing you in Jakarta this 11 May April.
Agenda — Tuesday 11 May 2010
Time
Agenda
8.00
Registrations open
Opening Plenary
Host: Charles Legrand, Head of South Asia
8.30/8.40
Opening Keynote
Budi Mulya, Deputy Governor, Bank Indonesia
8.40/9.00
SWIFT Welcome
Ian Johnston, Chief Executive, Asia Pacific, SWIFT
9.00/10.00
Building a better financial infrastructure – Roadmap for the next generation of payments systems in Indonesia Building a robust and resilient market infrastructure is a prerequisite for financial stability and economic growth. At present, there are new initiatives and growing market practices in Indonesia. In this session we will discuss trends and assess how best practices can be applied for a better future.
Speakers:
Ronald Waas, Director, Directorate of Accounting and Payment System, Bank Indonesia
Budi Gunadi Sadikin, Director, Bank Mandiri and Member of the SWIFT Asia Pacific Advisory Group
Ian Johnston, Chief Executive Officer, Asia Pacific, SWIFT
Moderator: Franck de Praetere, Head of South East Asia, SWIFT
10.00/10.30
Introduction to SWIFT
Newcomers to the SWIFT community will benefit from this session that provides an essential guide to SWIFT, its system, its standards, the possibilities of the SWIFTNet platform, the value of SWIFT’ Solutions, and the key components that make up payments and securities clearing systems.
Speakers:
Stella Lim, Country Manager, Indonesia, SWIFT
Elizabeth Kusuma, Senior Regional Education Specialist, SWIFT
10.30/11.00
Coffee break
11.00/11.30
Securities trends and opportunities – What would work best for Indonesia?
This session will look at the SWIFT securities traffic statistics and trends. A representative from KSEI will share their plans for the future and explain how KSEI and the securities market can use SWIFT services to solve some of their issues.
Speakers:
Ching Liran, Senior Manager, Securities Markets, South East Asia, SWIFT
Alec Syafruddin, Vice President,Research & Business Development Division, KSEI
11.30/12.00
The promises of cross-border and domestic payment infrastructures
SWIFT is one of the world’s biggest providers of messaging for Real-Time Gross Settlement (RTGS) systems. SWIFT is also well-integrated in the domestic clearing market, from cross-border payments and workers’ remittances to interoperability between Exchange Houses and robust high value payments clearing infrastructures. During this session, we will offer you insights into how market infrastructures rely on SWIFT to ensure best-practice interoperability at domestic and international levels.
Speakers:
Aribowo, Head of Bureau, Payment System Policy and Development Bureau, Bank Indonesia
Andrew Lai, Head, Payment Market Infrastructures, Asia Pacific, SWIFT
12.00/12.30
Insights into SWIFT markets
During this presentation, SWIFT’s Director of Pricing & Competitive Analysis will share his insights into how the SWIFT communities across Asia are performing and opportunities for Indonesian financial institutions in the trade, securities and payments markets. Mr. Boico will review the drivers for Indonesia’s remarkable 30 percent growth in SWIFT traffic compared to last year and explain how ASEAN and other trade and payments corridors are capturing growth opportunities.
Speaker:
André Boico, Director, Pricing & Competition, SWIFT
12.30/2.00
Lunch
2.00/3.30
Payments Payment Market Infrastructures: Today, more than ever, liquidity and risk management top the agenda for all financial institutions and corporates alike. A well designed, integrated and robust Real-time Gross Settlement System (RTGS) is paramount to ensuring the smooth and efficient operations of domestic high value payments. During this session, we will offer you insight into its wealth of knowledge through concrete examples and case studies.
Workers' remittances: Banks are getting back to basics and are looking at their fee-generating transaction business in a new light. The humble remittance is about as basic as it gets. The revenue generation potential is certainly interesting. More importantly, the service is key to acquiring new customers and creating a platform to cross-sell the other financial services they require. But do banks really have what it takes to serve migrant communities well?
Speakers:
Andrew Lai, Head, Payment Market Infrastructures, SWIFT
Olivier Denis, Product Manager, Worker’s Remittance, SWIFT
Securities Corporate Actions: Gain insights on that standards release 2010 and impact on Corporate Action messages from a SWIFT expert.
Securities – Asian funds panel discussion: We will analyse the regional funds arena and gain an overview from SWIFT in this regard. Zooming into the local landscape of funds, we will share market insights from a customer’s perspective and understanding the pain points of the distributor and fund manager, sparking off market practice groups to facilitate best practices.
Cross-border funds distribution: The interest of international investors in Asian funds is throwing a spotlight on the operational efficiency needed to support effective cross-border funds investment. There are working models in place between Taiwan, Singapore and Hong Kong and Ireland and Luxembourg. Can they be aligned with domestic models in Indonesia? Or should it be the other way around? Where are the bottlenecks today and what can Indonesia learn from others in the quest for operational efficiency in cross-border funds distribution?
Panel:
Elizabeth Kusuma, Senior Regional Education Specialist, SWIFT
Anand Rengarajan, Head of Business Strategy & Planning, Domestic Custody Services Asia, Deutsche Bank Singapore
Abiprayadi Riyanto, President Director of PT Mandiri Manajemen Investasi and Chairman of APRDIAsosiasi Pengelola Reksa Dana Indonesia (Indonesia Mutual Fund Association)
Imelda Sebayang, Sales Head, Investors & Intermediaries, Standard Chartered Bank Indonesia
Trisnadi Yulrisman, Director of Board, KSEI
Moderator: Adam Wilson, Head, Securities Market Infrastructures, Asia Pacific, SWIFT
3.30/4.00
Coffee break
4.00/5.15
Business SWIFT Solutions: Learn how the benefits of SWIFT Solutions can assist you in addressing your operational challenges.
Managing risk and reducing cost: Against the backdrop of economic slowdown and the conservative market recoveries, the increasing pressure of continued risks reduction, to adhere to market changes and to adopt sustainable business models, are still pertinent. This session will evolve around operational risk management on one side and cost reduction on the other side. What are your needs and how does SWIFT support you in reducing your total cost of ownership, while providing easier connectivity, simpler processes and more innovative products? Our key note speakers will share their views on those questions and more.
Speakers:
Patrick de Courcy, Head, Markets & Solutions, Asia Pacific, SWIFT
Alex Lee, Head, Payment Solutions, Asia Pacific, SWIFT
Technology Alliance portfolio: We recognise that different customers have different needs. Your operational profile based on your daily traffic defines your connectivity needs. This session will focus on the evolution of our Alliance interfaces and how to match it to your needs. What are the new features that you can benefit from in Alliance release 6.3. This session will outline the Alliance evolution planned for your business this year.
Consulting Services: “We are surrounded by insurmountable opportunity.” Many operations professionals can no doubt sympathise with this sentiment. You know there are improvements that would deliver bottom-line value to your business. The only problem is finding time away from your mission-critical day-to-day activities to identify them. SWIFT Consulting Services is here to help. We are a dedicated team of SWIFT experts who provide extensive knowledge of financial markets and systems, message standards and front and back office integration processes in business, technology and infrastructure related areas.
Speakers:
Patrick Yeh, Head, Sales Services, Asia Pacific, SWIFT
Anand Bindumadhavan, Project Manager, Sales Services, Asia Pacific, SWIFT
5.15
End
Solution zone
Giving back to the community
SWIFT is proud to support the XSProject as part of its Corporate Social Responsibility programme. XSProject is a Jakarta-based organisation that strives to support the trash picking community by purchasing trash at higher prices. XS also reinvest in the community through scholarship and education programs. This includes purchasing books, stationery, uniforms and paying school fees to give the children of the trash picking communities a chance to be educated. XS hopes that this education will mean that these children will not have to sell trash, but will instead have a better life, different to that of their parents and grandparents. XS will be present at the Business Forum so you will be able to learn more about their work and how you too can help.
