The Myanmar delegation led by Deputy Governor Dr Lin Aung of the Central Bank of Myanmar virtually joined the SEACEN High-Level Seminar and the 15th Meeting of the Deputy Governors of Financial Stability and Supervision held in the Philippines on 13 and 14 August.
During the meeting, Hong Kong’s Monetary Authority discussed Loss Absorbing Capacity-LAC, while the Bank for International Settlements (BIS) about “Bail-in” based on experiences of Credit Suisse of Switzerland, Monetary Authority of Singapore and SEACEN Centre about crypto assets and stablecoins, World Bank, Bank Indonesia and Hong Kong Monetary Authority about financial resources in transforming into green economy and the Central Bank of Malaysia and BIS about drafting rules and regulations for response to climate changes.
On 14 August, Acting Executive Director Dr Srichander Ramswamy of SEACEN briefed the economic potentials and financial flows of regional countries, and the officials of the Philippines, Thailand, and Nepal presented potential risks to financial stability and proper supervision of such situation.
In the evening, the Myanmar delegation attended the 15th ASEAN Central Bank Deputies’ closed-door meeting.
During the meeting, the attendees discussed financial stability and supervision training courses, research to be conducted in 2025, and assistance for SEACEN members. — MNA/KTZH
