Exchanging views to further ASEAN financial integration agenda

Autoriti Monetari Brunei Darussalam (AMBD) Managing Director Hajah Rokiah binti Haji Badar chaired the ‘ASEAN Central Bank Governors (ACG) and Financial Institutions Chief Executive Officers (CEOs)’ Dialogue attended by ASEAN central bank governors, their representatives and representatives from banks associations from ASEAN member states.

Chairman of the Brunei Association of Banks (BAB) Ti Eng Hul and Chairman of the ASEAN Bankers Association (ABA) Abdul Farid Allas were also in attendance.

The event marked the start of the ASEAN Central Bank Governors Meeting under Brunei Darussalam’s Chairmanship and served as an avenue for ASEAN central bank governors and ASEAN financial institutions’ CEOs to exchange views on possible pathways and approaches for both the policymakers and industry players to collaborate in advancing the ASEAN financial integration agenda including adapting to the changes brought by the digital age and the move towards building a more sustainable planet and economy.

Hajah Rokiah also chaired the 17th ASEAN Central Bank Governors Meeting (ACGM) attended virtually by ASEAN central bank governors, their representatives and members of the ASEAN Secretariat on Tuesday. Brunei Darussalam was represented by AMBD Deputy Managing Director (Monetary Operations/Development and International) Hajah Noorrafidah

binti Sulaiman. The meeting discussed and endorsed the progress report of financial integration initiatives under the purview of the ASEAN Senior Level Committee on Financial Integration and key takeaways from the ASEAN financial institution CEOs and central bank governors Dialogue.

Meanwhile, the seventh ASEAN Finance Ministers and Central Bank Governors Meeting (AFMGM) and Special Session between ASEAN finance ministers and central bank governors with heads of international financial institutions were also held on Tuesday, co-chaired by Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah and Hajah Rokiah.

The AFMGM discussed the progress and development of various working groups under the Roadmap for Monetary and Financial Integration of ASEAN (RIA-Fin), and the progress of the ASEAN Sustainable Finance Cooperation.

The special session exchanged views with the Asian Infrastructure Investment Bank (AllB), Asian Development Bank (ADB), the International Monetary Fund (IMF), the World Bank and ASEAN+3 Macroeconomic Research Office (AMRO) on regional and global outlooks as well as, efforts towards inclusive, digitally enabled and sustainable recovery.

The joint statement of the seventh AFMGM, which was adopted by finance ministers and central bank governors can be downloaded from the ASEAN Secretariat website.

Autoriti Monetari Brunei Darussalam Managing Director Hajah Rokiah binti Haji Badar chairs the virtual meeting. PHOTO: AMBD