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 IT Directors’ Meeting 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