East Asia-Pacific Central Banks Express Optimism On Resilience Of Region's Economies

KUALA LUMPUR, June 30 (Bernama) -- East Asia-Pacific Central Banks expressed their optimism on the resilience of the region's economies at the just-concluded 18th Executives' Meeting of East Asia-Pacific Central Banks (EMEAP) Governors' Meeting, according to Bank Negara Malaysia (BNM) today.

Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=959877
Published: Jun 30, 2013

"Robust macroeconomic policies and wide-ranging reforms to the financial system and the increasing regional integration reinforce this trend," it said in a statement.

BNM said the 11 EMEAP member central banks and monetary authorities participated in the Meeting, which was chaired by BNM Governor Tan Sri Dr Zeti Akhtar Aziz.

At the Meeting which was held here Saturday, the Governors shared their views on the ongoing uncertainties in the global economic environment, the central bank said.

BNM said the Governors noted the report of the 44th EMEAP Deputies' Meeting held in Guangzhou, China, in April 2013.

It discussed the progress made across a wide spectrum of EMEAP activities, including cooperation in the areas of banking supervision, financial markets, payment and settlement systems and information technology.

BNM said the Governors also discussed the updates from the Monetary and Financial Stability Committee (MFSC) on its surveillance and research activities.

The statement said the Governors had also agreed on the substantive aspects of the regional crisis management framework with further refinements for its finalisation.

At the Meeting, the Governors accepted the offer from the Bank of Thailand to host the 19th EMEAP Governors' Meeting in 2014.

EMEAP is a co-operative forum of 11 central banks and monetary authorities in the East Asia and Pacific region comprising the Reserve Bank of Australia, the People's Bank of China, the Hong Kong Monetary Authority, Bank Indonesia, the Bank of Japan, the Bank of Korea, BNM, the Reserve Bank of New Zealand, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore and the Bank of Thailand.

-- BERNAMA