The LBMA Indian Bullion Market Development Forum

30-31 January 2003
Imperial Hotel
New Delhi

Preface - Stewart Murray, LBMA Chief Executive and Kamal Naqvi, Chairman, LBMA Public Affairs Committee (71k)

Session 1: Introduction and Keynote Speech

Session 1 - all speeches (638k)

Opening Remarks Simon Weeks, LBMA Chairman (67k)

Keynote Speech: The Changing Needs of India's Gold Policy S S Tarapore, Economist (141k)

Gold Survey 2002 - Update 2 Paul Walker, Director, GFMS (263k)

Questions and Answers (131k)

Session 2: The Need for Development of the Indian Bullion Market

Session 2 - all speeches (535k)

Introduction by the Session Chairman Rajan Venkatesh, The Indian Bullion Banks Association (74k)

Prospects for Forward Trading of Gold and Silver D S Kolamkar, Director, Forward Markets Commission (79k)

Bullion Market Reforms - the Viewpoint of Commercial Banks Sunil Kashyap, Managing Director, ScotiaMocatta (263k)

The Viewpoint of a General Trader Anand Trivedi, General Manager, West Zone, Minerals & Metals Trading Corp. of India (90k)

The Viewpoint of Jewellery Exporters Nayan Pansare, Group Financial Controller, Inter Gold (India) Ltd(86k)

Questions and Answers (147k)

Session 3: The Experience in Other Bullion Markets

Session 3 - all speeches (1.0M)

Introduction by the Session Chairman Martin Stokes, Vice President, JP Morgan Chase (86k)

The Liberalisation of the Gold Bullion Market in China Roland Wang, Country Manager, World Gold Council - China (86k)

A View From Dubai Ayman Shahin, Senior Vice President, Treasury, ARY Traders (86k)

Precious Metals Trading in Japan Bob H Takai, Deputy General Manager, Commodity Business Dept., Sumitomo Corp (86k)

The Experience of the Istanbul Gold Exchange Midhat Seref, President & Chairman of the Board, The Istanbul Gold Exchange (86k)

London - the Bullion Market's Engine Room Peter Fava, Deputy Managing Director, Precious Metals, HSBC Bank USA London Branch (86k)

Session 3 Summary Martin Stokes, Vice President, JP Morgan Chase (86k)

Questions and Answers (86k)

Session 4: Regulatory Environment and Standards

Session 4 - all speeches (655k)

Introduction by the Session Chairman Bhargava N Vaidya, Proprietor, BN Vaidya Associates (69k)

Deregulating the Indian Bullion Market - Future Prospects Himadri Bhattacharya, Chief General Manager, Reserve Bank of India (88k)

Regulating the OTC Market in London Andy Murfin, Head of Market Infrastructure, Financial Services Authority (93k)

Indian Bullion Supply - Customs and Taxation Issues Amit Juneja, Head of Asian Region Precious Metals, Commerzbank (78k)

Consumer Protection on Gold in India Dr (Mrs) Sneh Bhatla, Director, Central Marks, Bureau of Indian Standards (150k)

The Italian Method of Guaranteeing Gold Product Quality to Consumers Edoardo Miradoli, Chief Dealer, Precious Metals and Commodities Desk, Banca Intesa (105k) 

Technical Standards for Bullion Stewart Murray, Chief Executive, LBMA (92k)

Session 5: Coming Changes in the Indian Bullion Market

Session 5 - all speeches (638k)

Introduction by the Session Chairman Kamal Naqvi, Metals Analyst, Macquarie Bank (279k)

Fundamental Drivers of Jewellery Demand Nigel Desebrock, Managing Director, Grendon International Research Pty Ltd (137k)

Savings and Investment Options Narendra Gupta, Senior Vice President & Chief Dealer, Domestic Treasury, ICICI Bank (84k)

Building a Bullion Investment Culture in India Albert Cheng, Head, Retail Investment, World Gold Council (146k)

Whither Indian Jewellery? Jacob Kurian, Chief Operating Officer, Jewellery Division, Tanishq (81k)

Questions and Answers (123k)

Session 6: Promoting and Guiding Change

Panel Discussion (152k)

Appendix: Forum Recommendations (106k)