Financial Sector Learning Program Silvina G. Vatnick The World Bank International Conference on Financing for Development Tuesday, March 15, 2005 Hong Kong

Where We Are  Increasing size… from 10 in FY01 activities to 29 last year trained clients and staff last year  And scope… Banking, Capital Markets, Policy, Insurance/ Contractual Savings, Technology- Fin Infrastructure & Access  Balancing global, regional, and country-focused activities  Strategic Partnerships with international/local organizations OECD, IOSCO, SEACEN, LSE, the FED, the US SEC, Brookings Institution, BIS, FSI, IAIS, APEC, etc.

 Fee Revenues Fund a Third of the Program… We are moving towards more fee-based activities We believe fees are a market test for the quality and relevance of our activities  Reaching Clients in New Ways… Distance Learning for Insurance Supervision CD-Rom Microfinance course with CGAP Insurance Core Curriculum for Supervisors  Disseminating Best Practices in Books… Public Pension Fund Management, Financial Supervisory Structures Future of State-Owned Financial Institutions Corporate Restructuring, etc. Where We Are (Cont.)

Where we are going…  Re-aligning our strategic priorities We identified three areas as priority: 1. Financial Infrastructure 2. Risk Management 3. Access to Finance

Where we are going…  Incorporating more county-focused learning activities in our work program Custom-tailored to the specific needs and circumstances of the country Build on working groups and communities of practice In partnership with local business associations, NGOs and the government

Some Country-Focused Activities Iraq:  Training in Financial Sector Supervision Brazil/Colombia/Turkey:  Risk Management Workshop China:  China E-security Workshop  Seminar on Credit Reporting Indonesia:  NBFIs Development Workshop Philippines:  Workshop on Financial Supervisory Structure Vietnam:  Financial Training Seminar in Vietnam

How Can We Better Link Learning with Operations?  Build on working groups, communities of practice—e.g. from Finance Forum  Reach out to country offices, disseminate messages to country directors/economists  Draw policy messages, recommendations from these discussions as inputs for: FS indicators, board papers, development of business groups, operational best practices