Asia’s financial services industry has come to a point where it has to answer a question it cannot afford to ignore anymore: the question of integrating the infrastructure, capital markets, payments and financial services industries within the region.
This greater integration will aid the movement of capital & people between countries in the region, consolidate financial resources and generate scale that will enable more Asian financial institutions to compete on the global stage.
However, greater financial integration will create winners and losers; the challenge is in creating the transition from a highly fragmented to a highly consolidated and competitive market place.
The Asian Banker Summit 2013 will be held in Jakarta, Indonesia, home to the ASEAN secretariat as well as to one of the largest banking markets in the region. It is a suitable venue to consider some of the seismic transformations taking place in the industry today. We will focus on the implications and roadmap for greater cross-border integration on all fronts - transaction banking, payments, capital markets as well as greater access at all levels.
Some of the events fostering greater integration have already gone ahead of the industry. Technology, the Internet, the trend towards open account trading and the remittance industry have all ignored borders. It is time for the banking industry to follow suit and not be left behind. But this will require a careful study of what will change and what should remain the same.
Asia’s Largest Financial Services Industry Annual Meeting
The Asian Banker Summit is Asia’s leading event in the financial services industry. It has developed to represent Asia’s response to current global themes at the G20, FSB, IMF and BIS levels. It is the most comprehensive and prestigious forum where the opinions and responses of practitioners from across the region to global issues are shaped. This is reflected by the presence of about 1,000 international delegates including industry specialists, senior bankers, regulators, service providers and decision makers from leading institutions in Asia, the Middles East, South Africa, US, Europe and Latin America.
Featuring Innovators, Future Thinkers and Global Leaders
Bringing together leaders of the future and innovators that will be changing the financial world as we know it is a stable feature at the Summit. In past Summits, we have had global icons including Dick Kovacevich, chairman emeritus of Wells Fargo, former US Vice President Al Gore, Congressman Tom Bliley, Senator Paul Sarbanes as well as top regulators such as Liu Ming Kang, former chairman of China Banking Regulatory Commision and other executives from around the world, sharing their insights and learning.
The Summit is globally recognized and has become the de facto platform for both US and European thought leaders interacting in an Asian setting.
