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CROSS-BORDER SUPERVISORY COOPERATION REGIONAL DEVELOPMENTS

CROSS-BORDER SUPERVISORY COOPERATION REGIONAL DEVELOPMENTS. Presented by Ms Teo Swee Lian For 6 th Annual International Seminar on Policy Challenges for the Financial Sector 7 - 9 Jun 2006. Presentation Agenda. Regional Forum Regional Co-operation Regional Training. Regional Forum.

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CROSS-BORDER SUPERVISORY COOPERATION REGIONAL DEVELOPMENTS

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  1. CROSS-BORDER SUPERVISORY COOPERATION REGIONAL DEVELOPMENTS Presented by Ms Teo Swee Lian For 6th Annual International Seminar on Policy Challenges for the Financial Sector 7 - 9 Jun 2006

  2. Presentation Agenda • Regional Forum • Regional Co-operation • Regional Training

  3. Regional Forum

  4. Regional Forum - EMEAP Executives’ Meeting of East Asia-Pacific Central Banks and Monetary Authorities (EMEAP) • A cooperative organization of central banks and monetary authorities of eleven economies - Australia, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore and Thailand • Primary objective is to strengthen the cooperative relationship among its members

  5. Regional Forum - EMEAP • 3 Working Groups • WG on Payment and Settlement Systems • WG on Financial Markets • WG on Banking Supervision • IT Directors’ Meeting

  6. Working Group on Banking Supervision • Focus on 3 key objectives:- • Leveraging on mutual experiences and enhancing cooperation among members • Facilitating the adoption of international standards for banking supervision and financial system stability in the region • Contributing to the development of international banking supervision standards

  7. Working Group on Banking Supervision • 2 key areas of focus • Basel II Implementation • Macro-surveillance • 5 interest groups • External credit assessment institutions (ECAIs) • Operational risk • Macro-surveillance framework • Stress-testing of financial institutions • Basel II home-host issues

  8. Working Group on Banking Supervision • Basel II Survey and Toolkit paper on Supervisory Colleges • Submitted to Basle Committee • Circulated to other regional supervisory groups • Drafted discussion paper on recognition of ECAIs for Basel II implementation • Malaysia-Singapore Basel II Case Study on home-host issues

  9. Working Group on Banking Supervision • Surveys on macro-surveillance frameworks, FSAP stress testing processes • Financial crisis management framework

  10. Working Group on Banking Supervision • Regular updates on Evolving International Standards and Best Practices • Interactions with International Banking Supervision Fora • Interaction with Basel Committee on Bank Supervision (BCBS) • BCBS’ Meetings with Regional Groups of Banking Supervisors

  11. Regional Co-operation

  12. Regional Co-operation • Memorandum of Understandings (MoUs) • Bilateral Meetings • Supervisory Colleges • Inspections/Joint Inspections • Reference checks on senior appointments of financial institutions, licence applications

  13. Regional Training

  14. Regional Training • Training providers • Asian Development Banks (ADB) • Asia-Pacific Economic Cooperation Financial Regulators Training (APEC) • EMEAP/Financial Stability Institute (FSI) • International Monetary Fund (IMF) – Singapore Training Institute • SEACEN Centre

  15. Regional Training • Seminars • Seminar on Internal Ratings-Based Approach • Seminar on Supervisory Review Process of Basel II • Seminar on IRB Validation • Seminar on Credit Risk Transfers • Seminar on IAS 39 Implementation

  16. Regional Training • Seminars/Courses • SEACEN-FSI Regional Seminar on Supervisory Review Process of Basel II and its Implementation • Regional Banking Supervisor Training Program • Leadership Seminar on Financial system oversight • EMEAP Credit Risk Transfer Workshop

  17. Conclusion

  18. Conclusion • Established working relationships among central banks/bank supervisors in the region • Participations in regional forum, seminars and courses

  19. THANK YOU

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