by Irene Wijaya | Feb 18, 2016 | Financial Integration, Projects
Status: Completed This project aims to strengthen the capacity of Central Banks/Monetary Authority from certain ASEAN member states to implement strategies and plans to achieve the objectives of financial integration under the ASEAN Economic Community (AEC). The project comprises a series of customised learning programmes for BCLMV following the ASEAN Banking Integration Framework Learning Roadmap (ALR) namely: (i) Layer 1: Fundamentals of Financial Markets which set the foundation that banks operate in a bigger environment; (ii) Layer 2: Business of Banking to know the risks and contemporaneous issues faced by banks; (iii) Layer 3: Banking, Business Lines and Interaction with Other Sub-Markets to understand the implication that banks interact with other financial sub-markets; and (iv) Layer 4: Systemic Risk and Financial Stability to appreciate the key consequences of regional integration and systemic risk. In 2016, the four training programmes were conducted in collaboration with the South East Asian Central Banks (SEACEN) and the Asian Development Bank (ADB). This project concluded in November 2016. This project follows from the Capacity Building for ASEAN Financial Integration Framework project that concluded in 2014. For more information, please contact Financial Integration Division of the ASEAN...
by Kaisar | Apr 23, 2015 | Financial Integration, Projects
Status: Completed This project aimed to strengthen the capacity of Central Banks/Monetary Authority from certain ASEAN member states to implement strategies and plans to achieve the objectives of financial integration under the ASEAN Economic Community (AEC). The project was comprised of a series of customised learning programmes for BCLMV focusing on the following topics: Bank Management School, Risk-Based Supervision (Basic), Course on Consolidated Supervision, Intermediate Payment and Settlement Systems for Emerging Economies (back-to back with Basic), Intermediate Course on Macroeconomic and Monetary Policy Management, Workshop on Operationalizing Capital Account Liberalisation in Emerging Market Economies. The project was a joint undertaking between AADCP II, the ASEAN Development Bank and The South East Asian Central Banks (SEACEN) Research and Training Centre (SEACEN). This project concluded in October 2014. For more information, please contact ASEAN Secretariat Financial Integration...
by Kaisar | Feb 9, 2015 | Financial Integration, Projects
Status : Completed Within the AEC Blueprint, strengthening ASEAN capital market development and integration is part of the effort to establish ASEAN as a single market and production base by 2015. The development of deep, liquid and efficient capital markets will enable the ASEAN region to channel its huge savings into productive investments and diversify the source of funding for economic development. Bonds and equities account for an increasing share of financial assets in ASEAN, although banks still dominate the region’s financial system. Regional cooperation such as Asian Bond Markets Initiative (ABMI), ASEAN Bond Funds, ASEAN Capital Markets Forum (ACMF) and ASEAN Working Committee for Capital Market Development (WC-CMD) is aimed at promoting and increasing financial assets in ASEAN. This also demonstrates that policy makers have implemented initiatives and taken steps to increase the scope of capital market as an important channel to economic development in the region. There are still, however, challenges to develop and integrate ASEAN capital markets. These include the diverse level of capital market development across ASEAN Member States (AMS), fragmented capital market in AMS, the small share of institutional and private sector investment in financial assets in ASEAN and the prudence approach adopted by the AMS in integrating the ASEAN capital market. This project provides an in-depth analysis of these challenges by conducting a comprehensive assessment study on the current status of capital market development and integration in each AMS and in ASEAN region. The study engaged with wide range of stakeholders including government institutions, industries, businesses, academia, civil society organization and, particularly, the private sector. It provided recommendations, including a workplan, to the AMS,...
