ASEAN Economic Community creates opportunities for ASEAN banks to
further expand in the region. Banking integration, in particular, is a
prerequisite condition and integral part to achieve economic integration
in ASEAN region.
• ASEAN Banking Integration Framework (ABIF) has set guidelines for
banking sector to achieve further integration, through market access
and operational flexibility for Qualified ASEAN Banks (QAB). The
implementation of ABIF will consider economic beneficial and financial
stability system in each of ASEAN jurisdiction.
• ASEAN still faces challenges of a sizeable gap between ASEAN countries.
ABIF Learning program has been promoted to reduce gap and enhance
readiness of ASEAN Member countries to participate through capacity
building so that all members will be able to reap full benefit of the
integration