The APEC Financial Infrastructure Development Network (FIDN) invites BIIA and its members to attend a conference on the topic of Strengthening Credit Infrastructure – A Roadmap to MSME Innovation. This free but by invitation only event. BIIA members who would like to attend need to contact the BIIA secretariat before November 18th, 2016: For further information contact Peter Sheerin, BIIA Regional Committee Chair. Peter can be reached at: sheerin.peter@gmail.com
The conference will take place on December 7-8-9, 2016 in Manila, Philippines. Further details will be available shortly.
BIIA will be represented by its Regional Committee Chair Peter Sheerin.
Key Topics:
- Modernizing Credit Infrastructure: An Overview of Recent Progress and Current Plans
- Developing Credit Information Systems: Progress, Lessons Learned and Outlook
- Modernizing Secured Transactions and Insolvency Systems: Progress, Lessons Learned and Outlook
- Making the Credit Information System Responsive to the Needs of MSMEs: Next Steps and the Way Forward
- Operationalizing a Modern Secured Transactions Law for the Benefit of MSMEs
- Special Roundtable Discussion on Supervision and Oversight of Credit Reporting/Information Service Providers
- Global Trade Finance/Global Warehouse Finance and Supply Chain
- FINTECH (Parallel Session): Digital Financial Services Towards Greater Inclusion
- Regional Developments and Innovations in Digital Financial Services
- Challenges and Opportunities in Digital Financial Services
- Regulatory and Technological Environment and Other Elements to Enable Vibrant, Efficient, Secure, Digital Financial Services/Sector Making Digital Financial Services Inclusive
To download the preliminary agenda please click on this link: fidn-conference-strengthening-credit-infrastructure-agenda-2016-11-07_a-0-1-biia
Micro, small and medium enterprises (MSMEs) are the foundation of a competitive and equitable economy. They are the most important job creators. Opportunities for MSMEs have greatly increased with the growth of trade and global supply chains in the digital age, as technology opened up new and better ways to access information and markets. Economies that succeed in enabling MSMEs, including those in less developed localities, to connect to these global supply chains, stand to reap the rewards of sustained, inclusive, balanced and innovative growth. Access to finance forms the most important component of such an enabling environment.
For most micro, small and medium enterprises (MSMEs), lack of efficient and sustainable access to finance is most often ranked as the key issue preventing them from effectively participating in economic activities and global value chains and benefiting from the growth of trade and investment.
About: The APEC Financial Infrastructure Development Network (FIDN), a key initiative under the Cebu Action Plan, was formally launched on November 12, 2015. The FIDN is envisioned to promote the development of effective credit information systems, as well as secured transactions and insolvency frameworks that would facilitate the use of movable assets as collaterals in the credit markets. This is a collaborative effort among APEC member economies, APEC Business Advisory Council (ABAC), International Finance Corporation/World Bank Group (IFC), SME Finance Forum, and the Organization for Economic Co-operation and Development (OECD. The network brings together experts from the public and private sectors, including international organizations and industry associations, to support APEC economies in undertaking financial infrastructure reforms. BIIA is a member of the FIDN Network.
The FIDN initiative is an integral part of the 2015 APEC Finance Ministers’ Cebu Action Plan (CAP) under Pillar 1: Financial Integration Pillar of the Cebu Action Plan, with focus areas on Credit Information Systems and Secured Transactions Systems (Movable Asset Lending Reform), together with Insolvency frameworks. The CAP recognizes that strengthening the institutional and legal infrastructure framework supporting the Credit Information Systems and Secured Transactions Systems has potential to facilitate the wider use of credit information and movable assets as collateral in increasing access to finance to MSMEs. Through the FIDN launch and Finance Ministers’ Process, a common understanding of the key reforms in the areas of Credit Information Systems and Secured Transactions Systems (Movable Asset Lending Reform) was established among the immediate stakeholders – APEC member economies, government agencies, and international organizations.
