1. Growing use of ISO standards and their impact in Asia
Satoru Yamadera
Secretariat, Japan TC68 mirror committee
Head of International Standardization Group
Center for Information Technology Studies, Bank of Japan
SMPG 2012, Osaka Japan

2. Outline Why we need standards? Why Asia need standards more?
Why standards are becoming more important?

3. Why we need standards？
Standards are “strategic tools that reduce costs by minimizing waste and errors and increasing productivity. The help companies to access new markets, level the playing field for developing countries and facilitate free and fare global trade.”
Source: ISO website

4. Heterogeneous Asia Xin chào 您(你)好 สวัสดีครับ
Selamat siang　Selamat sore
こんにちは
안녕하십니까
ベトナム語　シン チャオー
タイ語　サ　ワッ　ディー　クラップ
インドネシア語　こんにちは Selamat siang（備考2） スラマッ　シアン こんにちは Selamat sore（備考3） スラマッ　ソレ
備考2:　午前11時～午後2時まで　備考3:　午後2時～午後6時まで
韓国語　アンニョンハシムニカ

5. Transaction costs in the region
Transaction costs are higher than those of the US and EU.
CSD Fees does not seem to be responsible.
Fee levels tend to vary strongly between the markets
Fee levels may vary within the individual markets.
Note: can sort countries alphabetically, thus showing stronger volatility…
Legend can be expanded to show full fee names.
Domestic custodian fee is assumed to include CSD fee and Global custodian fee is assumed to include DC fee
Source: ABMI Group of Expert Report (2010)

6. Standard Transaction Fees of Global Custodians
Source: ABMI Group of Expert Report (2010)

7. Why Asia needs standards more?
Heterogeneity and diversity in Asia requires extra efforts for harmonization and standardization from the early stage of market developments.
ASEAN+3 Bond Market Forum (ABMF)

8. Harmonization in Asia Asian Standards Country A Country C Country B
Asian Value
Asian Vision
Asian Standards
Top Down
Top Down
Bottom Up
Country C
Country A
Harmonization of Standards
Mutual recognition
Mutual recognition
Country B

9. Standardization in Asia
Internal use only
Standardization in Asia
Asia should engage standard setting more closely
International Standards and practices
International Standards and practices
Regional standards and practices
Local standards and practices
Local standards and practices
International standards (such as ISO20022) should be the focal point and hub of local standards 9

10. ISO/TC68/SC7 (Core Banking) P-Members1
AFNOR (France) 13
KATS (Korea, Republic of) 2
ABNT (Brazil) 14
KEBS (Kenya) 3
AENOR (Spain) 15
NEN (Netherlands) 4
ANSI (USA) 16
SA (Australia) 5
ASI (Austria) 17
SABS (South Africa) 6
BDS (Bulgaria) 18
SAC (China) 7
BIS (India) 19
SCC (Canada) 8
BSI (United Kingdom) 20
SFS (Finland) 9
DIN (Germany) 21
SIS (Sweden) 10
DS (Denmark) 22
SN (Norway) 11
GOST R (Russian Federation) 23
SNV (Switzerland) 12
JISC (Japan) 24
UNI (Italy)

11. Why standards are becoming more important?
Shifts in use, scope and influence of standards:
from products to services
From industry to consumers
From private sector to the public authorities
From closed IP management to open IP management

12. Thank you ありがとうございます 謝謝