Regional initiatives have great potential to boost the development of ASEAN financial
systems
The on-going initiatives in ASEAN to promote development of financial services
and markets within the member countries and their intra-regional integration have
considerable potential to boost the development of their financial systems. Better
integration will help to make up for the limited scale of financial markets in most of
the countries, improve competition, and help to strengthen the overall efficiency,
competitiveness, and capabilities of ASEAN financial institutions and markets