Abstract
October 01 2020 Comments on A Framework for Regional Banking Regulation in ASEAN Author and Article Information Online Issn: 1536-0083 Print Issn: 1535-3516 © 2020 by the Asian Economic Panel and the Massachusetts Institute of Technology2020Asian Economic Panel and the Massachusetts Institute of Technology Asian Economic Papers (2020) 19 (3): 126–127. https://doi.org/10.1162/asep_a_00793 Cite Icon Cite Permissions Share Icon Share Twitter LinkedIn Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Search Site Citation Comments on A Framework for Regional Banking Regulation in ASEAN. Asian Economic Papers 2020; 19 (3): 126–127. doi: https://doi.org/10.1162/asep_a_00793 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu nav search search input Search input auto suggest search filter All ContentAll JournalsAsian Economic Papers Search Advanced Search Miaojie Yu, Peking University: This paper analyzes ASEAN banking regulation by applying the supervisory and regulatory framework of the European Union, which has a more advanced integrated financial system. The comparison focuses on four issues---microprudential regulation, macroprudential regulation, resolution capacity and deposit insurance, and financial safety net for liquidity support---and comes up with detailed recommendations for each issue that are innovative and practical. For example, one suggestion is that the ASEAN+3 Macroeconomic Research Office (AMRO) could perform the same functions of the EU Financial Stability Board in coordinating each national supervisory agency, and being a focal point for integrated supervision. To be specific, this paper adds value to the literature on regional financial integration and regulation in four major dimensions. It extends the literature by covering developing countries that have less-developed financial markets and legislation systems than the EU. Both EU and ASEAN are usefully compared on the four aspects... You do not currently have access to this content.
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