The Economic Development Advisory Conference panel in charge of financial and banking affairs decided yesterday to hold its second session Friday to further discuss its recommendations for the government.
National Chengchi University professor Tseng Chu-wei, one of the panel's three conveners, said the 24-member group had tentatively set its agenda at its session yesterday.
Nevertheless, Tseng said, all panelists are welcome to present new topics or revise their recommendations before July 25 for discussion at the panel's second session.
According to Tseng, the panel's tentative agenda covers 11 topics in two major categories -- government finance reform and banking reform.
For the government finance reform, Tseng said the panel will work out feasible measures for the government to downsize its hierarchy and overall work force, promote tax reform and revise current regulations governing the issuance of state bonds to help the government make ends meet and pursue a balanced budget policy.
For banking reform, Tseng said the goal is to boost globalization and financial transparency of all domestic banks. The topics to be discussed under this category will include improving accounting systems in various lines of business; updating accountants' supervisory system; streamlining capital market operations; banning the government and the four state-owned funds from interfering in stock market operations; privatizing all state-owned banks; tightening regulations governing the use of stocks as collateral; building up a firewall between banks and the bourse; and minimizing the possible adverse impact of psychological factors on the stock and currency markets.
The panel's second session is scheduled to open at 2pm on Friday at the Ministry of Finance.
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