Towards Achieving Financial Stability
One of the main responsibilities of central banks is to ensure financial stability. In recents years, the task is even more challenging with liberalisation and increasing integration with global markets. In this respect, the SEACEN countries have learnt their lessons well by placing financial system stability as top priority and making concerted efforts to develop a more robust financial infrastructure. Prudential regulation has also been strengthened. Many countries plan to adopt the new capital accord - Basel II - to ensure a sound capital framework that measures risks adequately and allocates adequate capital to cover risks. Meanwhile, several countries have adopted a master plan to restructure and develop a strong financial sector.
|This book is provided by South East Asian Central Banks (SEACEN) Research and Training Centre in its series Occasional Papers with number occ43 and published in 2005.|
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