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Cross-border Banking Supervision in ASEAN

In: The Financial Trilemma and Cross-border Bank Crisis Management in ASEAN

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  • Wassamon Kun-amornpong

    (Thammasat University)

Abstract

Chapter 2 examines how government networks can minimise the financial trilemma in ASEAN. It focuses on cross-border bank supervision and distinguishes between horizontal and vertical networks. The Basel Committee on Banking Supervision is highlighted as a horizontal network that uses soft laws, such as the Basel Core Principles. The chapter identifies limitations of this horizontal network, including its complex risk models, the lack of a widely accepted rationale and measurement of its liquidity requirements, and the incompatibility of Basel standards with developing countries’ financial goals. Drawing lessons from the EU’s Banking Union, it argues that a vertical government network could harmonise supervision and reduce home-host conflicts. If ASEAN decides to follow the EU’s path, it could adopt a phased approach by strengthening capacity-building programmes, empowering its institutions with rule-based norms, and eventually establishing a supranational authority for banking supervision.

Suggested Citation

  • Wassamon Kun-amornpong, 2025. "Cross-border Banking Supervision in ASEAN," Springer Books, in: The Financial Trilemma and Cross-border Bank Crisis Management in ASEAN, chapter 0, pages 37-75, Springer.
    • Handle: RePEc:spr:sprchp:978-981-95-0512-8_2
    DOI: 10.1007/978-981-95-0512-8_2
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