The IBA held its 25^th Annual General Meeting (AGM) on November 30 at the Hotel Okura, welcoming over 70 senior executives from member firms, primarily CEOs, GMs and department heads.

During the meeting the IBA's leadership summarized the significant achievements over the year, including: providing input on the elaboration and implementation of the firewalls regulations, inspection process review, tax reform and the foreign bank agency business application process; strengthening the IBA's presence among key decision-makers; expanding dialogue with regulators in Japan and overseas; and continuing to offer specialized seminars and member services.

Mr. Paul Kuo
IBA Chairman

Mr. Stuart Milne
IBA Vice Chairman (Finance & Administration)

Mr. Patrick Gillot
Chairman, Banking Sector Committee

Mr. Iwao Toriumi
IBA Director

Members approved the IBA's priorities for 2009-10 and re-elected the IBA’s leadership, consisting of:

Mr. Paul Kuo

IBA Chairman
CEO & President
Representative Director
Credit Suisse Securities (Japan) Limited

Mr. Jonathan Kindred

IBA Vice Chairman
(Member Services)
President and
Representative Director

Morgan Stanley Japan Securities Co., Ltd.

Mr. Stuart Milne

IBA Vice Chairman
(Finance & Administration)
President and
Chief Executive Officer

Country Manager Japan

The Hongkong and Shanghai Banking Corporation Limited

Mr. Patrick Gillot
Chairman

Banking Sector Committee
Chief Executive Officer, Japan
Standard Chartered Bank, Tokyo Branch

Mr. Katsunori Nagayasu

Chairman, Japanese Bankers Association

After the meeting, there was a special address by Mr. Katsunori Mikuniya, Commissioner of the Financial Services Agency (FSA), which was attended by over 150 people. 

In his first address to the IBA’s membership, the Commissioner discussed: Japan’s experience with financial crises; the international debate on regulatory reform, particularly within the G20 and at the Financial Stability Board (FSB); the strengthening of Japan’s financial and capital markets; and the enhancement of compliance and governance. 

The Commissioner’s speech, in English, is available on the FSA’s website at:  http://www.fsa.go.jp/en/announce/state/20091130.html

Mr. Katsunori Mikuniya
FSA Commissioner

The IBA’s annual reception concluded the events of the evening.  Nearly 180 people joined, including senior executives of member firms; senior regulators and private sector executives from the broader financial sector; and financial attachés and central bank representatives from major countries.  FSA Commissioner Mikuniya and Mr. Takehiko Nakao, Director General of the MOF’s International Bureau, offered opening remarks.  Once again, the reception proved to be an excellent opportunity for individuals from all sectors of the financial services community to discuss matters of common interest in an informal setting.

FSA Commissioner Mikuniya
Annual IBA Reception 

IBA Chairman Paul Kuo
Annual IBA Reception