{"title":"Comments on A Framework for Regional Banking Regulation in ASEAN","authors":"Miaojie Yu","doi":"10.1162/asep_a_00793","DOIUrl":null,"url":null,"abstract":"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.","PeriodicalId":52020,"journal":{"name":"Asian Economic Papers","volume":"19 1","pages":"126-127"},"PeriodicalIF":5.3000,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asian Economic Papers","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1162/asep_a_00793","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 1
Abstract
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.
期刊介绍：
The journal Asian Economic Papers (AEP) is supported by several prominent institutions, including the Center for Sustainable Development at Columbia University in the United States. This shows that there is a strong emphasis on sustainable development within the journal's scope. Additionally, the Korea Institute for International Economic Policy in South Korea, the UN Sustainable Development Solutions Network (SDSN) in Malaysia, and the Economic Research Institute for ASEAN and East Asia in Indonesia also sponsor AEP. The articles published in AEP focus on conducting thorough and rigorous analyses of significant economic issues pertaining to specific Asian economies or the broader Asian region. The aim is to gain a deeper understanding of these issues and provide innovative solutions. By offering creative solutions to economic challenges, AEP contributes to the discourse and policymaking that impact the Asian economies and region as a whole.
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