About ABA>ASEAN Banking Council Meeting
19th ASEAN Banking Conference & 42nd ASEAN Banking Council Meeting
Welcome Message from Chairman of ASEAN Bankers Association, Mr Javed Ahmad
Dear Friends and Colleagues
On behalf of the ASEAN Bankers Association, I extend a warm welcome to all our friends and colleagues attending the 19th ASEAN Banking Conference and the 42nd ASEAN Banking Council Meeting. This important event, from 7th to 9th November 2012, will be hosted by Bank Negara Malaysia in Kuala Lumpur.
The ABA team has worked hard to assemble an impressive group of experts to discuss highly relevant topics for the current economic and banking environment, with emphasis on our region. I would like to encourage members of ABA to participate in this prestigious event and to use this conference as an avenue to share your views and comments during the scheduled meetings and at the same time have the opportunity to network with your regional peers.
I would like to thank Bank Negara Malaysia for hosting and arranging a list of programme and activities for all participants to enjoy. I would also like to thank Tan Sri Dato' Sri Dr Zeti Akhtar Aziz, Governor of Bank Negara Malaysia for investing her time to be with us and give the keynote address.
I look forward to see you at the event, and wish you a memorable and rewarding time in Kuala Lumpur.
Mr Javed Ahmad
Chairman, ASEAN Bankers Association
Chairman, The Brunei Association of Banks
On behalf of the ASEAN Bankers Association, I extend a warm welcome to all our friends and colleagues attending the 19th ASEAN Banking Conference and the 42nd ASEAN Banking Council Meeting. This important event, from 7th to 9th November 2012, will be hosted by Bank Negara Malaysia in Kuala Lumpur. The ABA team has worked hard to assemble an impressive group of experts to discuss highly relevant topics for the current economic and banking environment, with emphasis on our region. I would like to encourage members of ABA to participate in this prestigious event and to use this conference as an avenue to share your views and comments during the scheduled meetings and at the same time have the opportunity to network with your regional peers.
I would like to thank Bank Negara Malaysia for hosting and arranging a list of programme and activities for all participants to enjoy. I would also like to thank Tan Sri Dato' Sri Dr Zeti Akhtar Aziz, Governor of Bank Negara Malaysia for investing her time to be with us and give the keynote address.
I look forward to see you at the event, and wish you a memorable and rewarding time in Kuala Lumpur.
Mr Javed Ahmad
Chairman, ASEAN Bankers Association
Chairman, The Brunei Association of Banks
Welcome Message from The Chairman of The Association of Malaysia, Dato' Sri Abdul Wahid Omar
Dear Friends and Colleagues,
The Association of Banks in Malaysia has the honour and pleasure of inviting you to the 19th ASEAN Banking Conference and 42nd ASEAN Banking Council Meeting to be held in the beautiful city of Kuala Lumpur, the capital of Malaysia. The Conference will take place on Wednesday, 7 November and the Meeting, from Thursday, 8 November to Friday, 9 November 2012 respectively. The venue for the events is Sasana Kijang, the Central Bank of Malaysia (Bank Negara Malaysia)'s centre of excellence in knowledge and learning which was officially opened in September 2011.
We strongly believe that these events will once again provide an excellent opportunity to advance dialogue and understanding between bankers, regulators, and industry experts. It is during this time that participants from the region come together to network, exchange knowledge and ideas in one location.
Given the fragile global economy and the challenges faced by the Eurozone, there could be no better time to meet and discuss the fundamental value of having one ASEAN market. The region's high-power consumer spending and economic strength provide ample opportunities for the financial sector to flourish.
With this as a backdrop, the Conference themed "Laying the Foundation for the One ASEAN Market – Identifying and Prioritizing Initiatives" will address those issues most critical in developing the roadmap ahead for collaboration in the banking sector. "Learning from the European Context" and "Going ASEAN – the Experience thus far" are just some of the topics on this year's agenda. We have an impressive line-up of speakers such as Dato' Ooi Sang Kuang, Chairman of Malaysian Electronic Clearing Corporation Sdn Bhd and ex-Deputy Governor of Bank Negara Malaysia as well as captains from leading banks in the ASEAN countries.
There is, in addition, an interesting social programme for our guests to savour the sights and cuisine Malaysia has to offer.
For the Conference and the Meeting to be a successful and productive one, we eagerly anticipate your support and active participation.
We very much look forward to welcoming you in Kuala Lumpur.
Dato' Sri Abdul Wahid Omar
Chairman of The Association Banks in Malaysia
The Association of Banks in Malaysia has the honour and pleasure of inviting you to the 19th ASEAN Banking Conference and 42nd ASEAN Banking Council Meeting to be held in the beautiful city of Kuala Lumpur, the capital of Malaysia. The Conference will take place on Wednesday, 7 November and the Meeting, from Thursday, 8 November to Friday, 9 November 2012 respectively. The venue for the events is Sasana Kijang, the Central Bank of Malaysia (Bank Negara Malaysia)'s centre of excellence in knowledge and learning which was officially opened in September 2011.We strongly believe that these events will once again provide an excellent opportunity to advance dialogue and understanding between bankers, regulators, and industry experts. It is during this time that participants from the region come together to network, exchange knowledge and ideas in one location.
Given the fragile global economy and the challenges faced by the Eurozone, there could be no better time to meet and discuss the fundamental value of having one ASEAN market. The region's high-power consumer spending and economic strength provide ample opportunities for the financial sector to flourish.
With this as a backdrop, the Conference themed "Laying the Foundation for the One ASEAN Market – Identifying and Prioritizing Initiatives" will address those issues most critical in developing the roadmap ahead for collaboration in the banking sector. "Learning from the European Context" and "Going ASEAN – the Experience thus far" are just some of the topics on this year's agenda. We have an impressive line-up of speakers such as Dato' Ooi Sang Kuang, Chairman of Malaysian Electronic Clearing Corporation Sdn Bhd and ex-Deputy Governor of Bank Negara Malaysia as well as captains from leading banks in the ASEAN countries.
There is, in addition, an interesting social programme for our guests to savour the sights and cuisine Malaysia has to offer.
For the Conference and the Meeting to be a successful and productive one, we eagerly anticipate your support and active participation.
We very much look forward to welcoming you in Kuala Lumpur.
Dato' Sri Abdul Wahid Omar
Chairman of The Association Banks in Malaysia
Welcome Message from Chairman of ASEAN Bankers Association, Dr Pham Huy Hung
Dear Fellow Bankers
On behalf of the ASEAN Bankers Association (ABA), I would like to welcome all our friends and colleagues in the banking community who will be attending the 41st ASEAN Banking Council Meeting. This significant event will be hosted by the Lao Bankers’ Association, and will be held from 17th to 18th November 2011 at the Lao Plaza Hotel, Vientiane, Lao People’s Democratic Republic.
This is the first time that Lao Bankers’ Association is hosting the ASEAN Banking Council Meeting, and I believe that Lao Bankers’ Association will spare no effort in making this event interesting, successful and memorable.
I would like to call on all members of ABA to come and participate actively in the scheduled meetings of the different Permanent Committees, and give freely your feedback and suggestions. For this year’s programme, I understand that one of the items which will be brought up for discussion at the Permanent Committee for Cooperation in Finance, Investment and Trade (COFIT) will be the United States new regulation pertaining to the Foreign Account Tax Compliance Act (FATCA). There will also be a caucus meeting on 17 November 2011, primarily to discuss the implications of complying with all the provisions of FATCA. This will have wide-ranging implications on all members of all the National Banking Associations. I would encourage all Heads of Delegation to attend this meeting to enable us to respond as a unified ASEAN body to the compliance requirements imposed by this new US regulation.
Your active participation and involvement in all the activities will definitely contribute to making the 41st ASEAN Banking Council Meeting a great success.
I would like to thank Lao Bankers’ Association for preparing an array of interesting programmes for us and our accompanying guests. The programmes will include a golf tournament and a city tour of historical sites. You should take time to enjoy all the programmes prepared by Lao Bankers’ Association in this peaceful country with its rich culture.
I sincerely look forward to seeing you in Laos for a fruitful and productive time.
With my warmest regards
Dr PHAM Huy Hung
Chairman of ABA
Chairman of Vietnam Banks Association
Chairman of VietinBank
Vietnam National Assembly Deputy
On behalf of the ASEAN Bankers Association (ABA), I would like to welcome all our friends and colleagues in the banking community who will be attending the 41st ASEAN Banking Council Meeting. This significant event will be hosted by the Lao Bankers’ Association, and will be held from 17th to 18th November 2011 at the Lao Plaza Hotel, Vientiane, Lao People’s Democratic Republic. This is the first time that Lao Bankers’ Association is hosting the ASEAN Banking Council Meeting, and I believe that Lao Bankers’ Association will spare no effort in making this event interesting, successful and memorable.
I would like to call on all members of ABA to come and participate actively in the scheduled meetings of the different Permanent Committees, and give freely your feedback and suggestions. For this year’s programme, I understand that one of the items which will be brought up for discussion at the Permanent Committee for Cooperation in Finance, Investment and Trade (COFIT) will be the United States new regulation pertaining to the Foreign Account Tax Compliance Act (FATCA). There will also be a caucus meeting on 17 November 2011, primarily to discuss the implications of complying with all the provisions of FATCA. This will have wide-ranging implications on all members of all the National Banking Associations. I would encourage all Heads of Delegation to attend this meeting to enable us to respond as a unified ASEAN body to the compliance requirements imposed by this new US regulation.
Your active participation and involvement in all the activities will definitely contribute to making the 41st ASEAN Banking Council Meeting a great success.
I would like to thank Lao Bankers’ Association for preparing an array of interesting programmes for us and our accompanying guests. The programmes will include a golf tournament and a city tour of historical sites. You should take time to enjoy all the programmes prepared by Lao Bankers’ Association in this peaceful country with its rich culture.
I sincerely look forward to seeing you in Laos for a fruitful and productive time.
With my warmest regards
Dr PHAM Huy Hung
Chairman of ABA
Chairman of Vietnam Banks Association
Chairman of VietinBank
Vietnam National Assembly Deputy
Welcome Message from Chairman of Lao Bankers’ Association, Mr Norady Syrattana
On behalf of the Lao Bankers’ Association I would like to welcome all of you to the 41st ASEAN Banking Council Meeting to be held on 17 to 18 November, 2011, in Vientiane, Lao PDR. We have great honour and pleasure to host such an important event for the first time in our country and look forward to your support and active participation.The Lao Bankers’ Association (LBA) was established in 2001 under the initiative of the Bank of Lao PDR with four state-owned banks as its founding members. Today the Lao Bankers’ Association has expanded its membership to 11 banks and LBA joined ASEAN Bankers Association in 2004. The annual permanent committee meetings and the council meetings of the ASEAN Bankers Association are important platforms for exchange of views and sharing of experiences. The Lao Bankers’ Association has been encouraging its members to participate in all the activities organised by the ASEAN Bankers Association.
Lao PDR is a small landlocked country with a population of 6.4 million and an area of 236,800 sq km (91,400 sq miles). The economy of Laos is rapidly growing. Laos is now an active regional player as a hydroelectric power supplier to neighbours such as China, Vietnam and Thailand. It also opened the Lao Securities exchange in late 2010.
Our government is committed to continuing to develop the financial sector by improving its regulatory environment, upgrading infrastructure, promoting competition and building capacity of our human resources through closed collaboration with our ASEAN and international institutions.
We hope that you will take this opportunity to learn more about Lao PDR’s developmental potential as we welcome foreign direct investments.
We would also like to encourage you to stay a little longer and visit the various historical sites in Laos. In particular, you may want to consider taking a forty-minute flight to Luang Prabang, a city located in north central Laos. This city is notable as a UNESCO World Heritage site.
Finally, we hope that you will have a fruitful and enjoyable time during your stay in Laos.
We look forward to your visit.
Mr Norady Syrattana
Chairman, Lao Bankers’ Association
18th ASEAN Banking Conference & 40th ASEAN Banking Council Meeting
The 18th ASEAN Banking Conference and the 40th ASEAN Banking Council Meeting were
successfully held on 10-12 November 2010 at The Westin Resort Nusa Dua, Bali, Indonesia.
The theme of the conference was "Towards One ASEAN MARKET - Enhancing and
Strengthening the Collaboration among ASEAN Countries". This conference effectively
discussed the current issues and hot topics of the ASEAN banking community, including
those related to globalisation, business strategy & management, standards & regulations,
industry & technology trends, opportunities & challenges in boosting performance, potential
crises as well as strategic partnerships. This theme is in line with ASEAN's agenda in
approaching the year 2015, in which the ASEAN Economic Community and ASEAN Single
Market will be realised.
This year's conference was attended by a combination of banking regulators, executives and experts from all the ASEAN countries - two prominent speakers that contributed to the discussions were Dr. Raden Pardede and Mr. Soedradjad Djiwandono. The commitment of all ASEAN countries was demonstrated by the fact that each delegation was represented by banking executives from prominent banks in their respective countries.
In his remarks during the opening ceremony, the Chairman of ASEAN Bankers Association (ABA), Dr. Pham Huy Hung, stated that this conference could act as a catalyst where experiences and solutions can be shared by way of direct and indirect investments in member countries when opportunities arise. As the ASEAN economy is in relatively good shape as compared to the global situation, cross investments will help all members in creating a more conducive environment for the development of the banking industry, especially Cambodia, Lao PDR, Myanmar and Vietnam ("CLMV") countries.
Deputy Governor Bank Indonesia, Mr. Halim Alamsyah, stated that besides giving benefits, the integration of financial market also poses a challenge for ASEAN countries especially in the current situation where there is a massive capital inflow to the emerging countries. He added that this massive capital inflow has given rise to currency appreciation and reduced the competitiveness of some ASEAN member countries' exports. In order to respond to the situation, both the government and central banks of each country need to collaborate and introduce measures to manage the capital inflow and exchange rates.
This sentiment is echoed by Mr. Sigit Pramono, Chairman of Indonesian Banks Association (PERBANAS). Mr. Sigit Pramono also mentioned that one of the key challenges of the Indonesian banks is the difficulties faced in penetrating into some ASEAN markets in view of the complexity of the policies and regulations in the respective ASEAN countries.
This regulatory challenge was discussed comprehensively by many ASEAN Banking stakeholders in the first panel discussion titled "Collaboration and Competition Issues in One ASEAN Market from Business Models to Regulatory Instruments." According to the panelists comprising banking executives from CML V, regulators of the ASEAN banks should lead the top-down directions to expedite the development of common business models and the support of a common regulatory platform.
The second panel discussed the topic on "Banking and Financial Industry Trends in One ASEAN Market from the Perspectives of Various Stakeholders". The key trends are: New Market Players Dynamics, Growth, The Post Crisis Customers, New Technology Agenda, The Race for Differentiation. Panelists from Indonesia, Malaysia, Singapore and Thailand also discussed about the emerging growth of the super-regional banks.
Following the conference is the main agenda of this event, which is the ASEAN Banking Council's meetings of the three permanent committees: - Cooperation in Finance Investment and Trade (COFIT), ASEAN Inter-Regional Relations (IRR) and Banking Education. Each of these meetings was attended by representatives of the ABA members.
The 40th ASEAN Banking Council Meeting was held on 12th November 2010, and the following key programs were adopted for implementation in 2010/2011 : -
The 41 st ASEAN Banking Council Meeting will be held in 2011 in Lao PDR, and will be hosted by Lao Bankers' Association.
This year's conference was attended by a combination of banking regulators, executives and experts from all the ASEAN countries - two prominent speakers that contributed to the discussions were Dr. Raden Pardede and Mr. Soedradjad Djiwandono. The commitment of all ASEAN countries was demonstrated by the fact that each delegation was represented by banking executives from prominent banks in their respective countries.
In his remarks during the opening ceremony, the Chairman of ASEAN Bankers Association (ABA), Dr. Pham Huy Hung, stated that this conference could act as a catalyst where experiences and solutions can be shared by way of direct and indirect investments in member countries when opportunities arise. As the ASEAN economy is in relatively good shape as compared to the global situation, cross investments will help all members in creating a more conducive environment for the development of the banking industry, especially Cambodia, Lao PDR, Myanmar and Vietnam ("CLMV") countries.
Deputy Governor Bank Indonesia, Mr. Halim Alamsyah, stated that besides giving benefits, the integration of financial market also poses a challenge for ASEAN countries especially in the current situation where there is a massive capital inflow to the emerging countries. He added that this massive capital inflow has given rise to currency appreciation and reduced the competitiveness of some ASEAN member countries' exports. In order to respond to the situation, both the government and central banks of each country need to collaborate and introduce measures to manage the capital inflow and exchange rates.
This sentiment is echoed by Mr. Sigit Pramono, Chairman of Indonesian Banks Association (PERBANAS). Mr. Sigit Pramono also mentioned that one of the key challenges of the Indonesian banks is the difficulties faced in penetrating into some ASEAN markets in view of the complexity of the policies and regulations in the respective ASEAN countries.
This regulatory challenge was discussed comprehensively by many ASEAN Banking stakeholders in the first panel discussion titled "Collaboration and Competition Issues in One ASEAN Market from Business Models to Regulatory Instruments." According to the panelists comprising banking executives from CML V, regulators of the ASEAN banks should lead the top-down directions to expedite the development of common business models and the support of a common regulatory platform.
The second panel discussed the topic on "Banking and Financial Industry Trends in One ASEAN Market from the Perspectives of Various Stakeholders". The key trends are: New Market Players Dynamics, Growth, The Post Crisis Customers, New Technology Agenda, The Race for Differentiation. Panelists from Indonesia, Malaysia, Singapore and Thailand also discussed about the emerging growth of the super-regional banks.
Following the conference is the main agenda of this event, which is the ASEAN Banking Council's meetings of the three permanent committees: - Cooperation in Finance Investment and Trade (COFIT), ASEAN Inter-Regional Relations (IRR) and Banking Education. Each of these meetings was attended by representatives of the ABA members.
The 40th ASEAN Banking Council Meeting was held on 12th November 2010, and the following key programs were adopted for implementation in 2010/2011 : -
-
1. Committee on Cooperation in Finance, Investment and Trade (COFIT) :
COFIT members proposed issuing a Joint Letter from all the ten National Banking
Associations to the Basel Committee on Banking Supervision (BCBS) to express
banks' concerns on the impact of Basel IlIon Trade Finance.
2. Committee on ASEAN Inter-Regional Relations fIRR) : The IRR proposed looking into the feasibility of getting feedback and comments on common banking issues affecting the ASEAN banking industry to be raised on a consolidated basis to ASEAN regulators 1 Central Banks. The Council agreed that the proposal will be pursued by the ABA Secretariat.
3. Committee on Banking Education: The Committee will continue to support the one-to-one mentoring programme (country to country) and offer the existing online course on SME risk-based lending.
The 41 st ASEAN Banking Council Meeting will be held in 2011 in Lao PDR, and will be hosted by Lao Bankers' Association.
Welcome Message from Chairman of ASEAN Bankers Association, Dr Pham Huy Hung
Dear Fellow Bankers
On behalf of the ASEAN Bankers Association (ABA), I would like to welcome all our friends and colleagues in the banking community who will be attending the 18th ASEAN Banking Conference and the 40th ASEAN Banking Council Meeting. These two important events will be hosted by the Indonesian Banks Association (Perbanas), and will be held from 10th to 12th November 2010 at the Westin Hotel, Nusa Dua, Bali, Indonesia.
This is the second time that Perbanas is hosting the ASEAN Banking Conference and the ASEAN Banking Council Meeting, and I believe that Perbanas will not spare any effort in making these events just as interesting, successful and memorable as the first.
I would like to encourage all members of ABA to participate actively in the scheduled meetings of the different Permanent Committees, by giving freely your feedback and suggestions to enable members to respond positively to the changing global banking landscape and for the 18th ASEAN Banking Conference and the 40th ASEAN Banking Council Meeting to be a great success.
I want to thank Perbanas for arranging an array of interesting programmes for us and our accompanying guests. The programmes will include a golf tournament and a tour of the arts and handicraft centres which is specially planned to showcase the unique offerings by the small and medium enterprises in Indonesia. I do hope that all of you will take time to enjoy all the programmes prepared by Perbanas in this enchanting resort with its rich culture.
I look forward to seeing you at these events, and wishing you a fruitful and memorable time during your stay in Bali.
With my warmest regards,
Dr. PHAM Huy Hung
Chairman of ABA
Chairman of Vietnam Bankers Association
Chairman of VietinBank
On behalf of the ASEAN Bankers Association (ABA), I would like to welcome all our friends and colleagues in the banking community who will be attending the 18th ASEAN Banking Conference and the 40th ASEAN Banking Council Meeting. These two important events will be hosted by the Indonesian Banks Association (Perbanas), and will be held from 10th to 12th November 2010 at the Westin Hotel, Nusa Dua, Bali, Indonesia.
This is the second time that Perbanas is hosting the ASEAN Banking Conference and the ASEAN Banking Council Meeting, and I believe that Perbanas will not spare any effort in making these events just as interesting, successful and memorable as the first.
I would like to encourage all members of ABA to participate actively in the scheduled meetings of the different Permanent Committees, by giving freely your feedback and suggestions to enable members to respond positively to the changing global banking landscape and for the 18th ASEAN Banking Conference and the 40th ASEAN Banking Council Meeting to be a great success.
I want to thank Perbanas for arranging an array of interesting programmes for us and our accompanying guests. The programmes will include a golf tournament and a tour of the arts and handicraft centres which is specially planned to showcase the unique offerings by the small and medium enterprises in Indonesia. I do hope that all of you will take time to enjoy all the programmes prepared by Perbanas in this enchanting resort with its rich culture.
I look forward to seeing you at these events, and wishing you a fruitful and memorable time during your stay in Bali.
With my warmest regards,
Dr. PHAM Huy Hung
Chairman of ABA
Chairman of Vietnam Bankers Association
Chairman of VietinBank
Welcome Message from The Chairman Of Perbanas (The Indonesian Banks Association)
Dear Friends & Colleagues
The Indonesian Banks Association extends a warm welcome to all of our guests for the 18th ASEAN Banking Conference and 40th ASEAN Bankers Council Meeting.
We are most pleased to be able to host these events and to share with you the rich culture, our beauty in nature and the warm hospitality of Bali. This is the second time we are hosting both events in Indonesia. Many of you have been to Indonesia for committee meetings and those of you who have visited Bali are familiar with Indonesia’s warm hospitality and its natural beauty. We wish all of you a productive and enjoyable meeting and networking. We have put together a special program which we hope can show you the other side of the beauty of the Balinese and Indonesian culture.
We look forward to welcoming you all in Bali.
Sigit Pramono
Chairman
The Indonesian Banks Association
The Indonesian Banks Association extends a warm welcome to all of our guests for the 18th ASEAN Banking Conference and 40th ASEAN Bankers Council Meeting.
We are most pleased to be able to host these events and to share with you the rich culture, our beauty in nature and the warm hospitality of Bali. This is the second time we are hosting both events in Indonesia. Many of you have been to Indonesia for committee meetings and those of you who have visited Bali are familiar with Indonesia’s warm hospitality and its natural beauty. We wish all of you a productive and enjoyable meeting and networking. We have put together a special program which we hope can show you the other side of the beauty of the Balinese and Indonesian culture.
We look forward to welcoming you all in Bali.
Sigit Pramono
Chairman
The Indonesian Banks Association
39th ASEAN Banking Council Meeting
39th ASEAN Banking Council Meeting
Held on 20th November 2009 in Phnom Penh, Cambodia
On 18 and 19 November, 2009, the Association of Banks in Cambodia played host to more than 150 bankers on behalf of the ASEAN Bankers Association (ABA) at its 39th ASEAN Banking Council Meeting. This was a historic moment for Cambodia as this was the first time the country hosted the ASEAN Banking Council Meeting. The venue of this meeting was set in the luxurious InterContinental Hotel, Phnom Penh.
The ABA is an association of banks set up in 1976. The member countries in ABA are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. The ASEAN Banking Council Meetings are held every year with the objective of bringing representatives from the 10 National Banking Associations to draw out ideas and to work towards the objectives of the Association, one of which is to foster friendship and cooperation amongst bankers in the ASEAN countries.
The meeting started with a welcome speech by Mr. Pung Kheav Se, Chairman of the Association of Banks in Cambodia and President & CEO of Canadia Bank PLC. Mr. Pung began by stressing that Cambodia and its banking system have benefited greatly from membership in Asean. He explained that the Royal Government and the private sector in Cambodia welcome new investment. In this context he said that agriculture and medium scale manufacturing should be particularly attractive areas for new ventures as the country seeks to diversify its economic base.
Mr. Apisak Tantivorawong, Chairman of Asean Bankers Association, Chairman of Thai Bankers Association and President of Krung Thai Bank, also delivered his opening remarks. Mr Apisak expressed his thanks to the Association of Banks in Cambodia for the effort and time spent in organising this important event.
This year, the ABA had the privilege of having Her Excellency, Neav Chanthana, Deputy Governor, National Bank of Cambodia, deliver the keynote address. HE Neav stressed the importance of intra- regional co-operation amongst central banks and regulators, as well as among commercial banking institutions. She also noted the need to monitor and implement new national and international regulations arising from the Basel II accord. In addition, she said that regulators and banks will have to update their “best practices” after the recent global financial crisis.
At the Council Meeting, the outcome on the implementation of the previous year’s programs were discussed, and new programs proposed by the three Permanent Committees were approved for implementation in 2010:
-
Permanent Committee on Banking Education
- For a more cost effective access to training programs, the Committee plans to disseminate course syllabi via the website for access by the national associations, and to make courses available online.
- A US$54 million infrastructure financing opportunity involving a Hydropower Project in Vietnam was presented for members’ consideration.
- It was agreed that Singapore will host a workshop in 2010 to study the mitigation of risks arising from derivatives and other financial instruments in accordance with Basel II standards.
- A liaison and study mission which was earlier planned for August 2009 was deferred in view of the A(H1N1) virus outbreak and will be rescheduled. The purpose of the study trip will be to exchange experiences and information on banking practices as well as to strengthen regional ties.
Permanent Committee on Cooperation in Finance, Investment and Trade (COFIT)
Permanent Committee on ASEAN Inter-Regional Relations
The next ASEAN Banking Council Meeting and Conference will be hosted by the Indonesian Banks Association (Perbanas) in Bali, Indonesia from 10 to 12 November 2010.
Issued by:
Teh-Kwok Chui Lian (Mrs)
Secretary General
ASEAN Bankers Association
Email: aba@afcmb.com
Tel: (65) 62247155
Welcome Message from Chairman of ASEAN Bankers Association, Mr Apisak Tantivorawong
Dear Fellow BankersThis year, the 39th Asean Banking Council Meeting will be held in Phnom Penh, Cambodia from 19th to 20th November 2009. On behalf of the ASEAN Bankers Association (ABA), I would like to welcome all our dear colleagues and friends in the banking industry to attend this meeting. This is the first time the Association of Banks in Cambodia (ABC) is hosting the Council Meeting. I am sure the Association of Banks in Cambodia has given a lot of thought and careful planning to prepare for this historic event. I would encourage all of us to give our full support to the Association of Banks in Cambodia to make this yet another fruitful meeting in the history of the ABA.
I believe all members of the ABA will continue to participate actively in the scheduled meetings of the different Permanent Committees, and provide your valuable feedback or comments.
The ABC has already arranged some interesting programs during the Council Meeting for you and your accompanying guests. There will be a golf tournament and a tour of historic sites. I do hope that all of you will find these programs thoroughly enjoyable.
I look forward to seeing you at this important event of the year.
Welcome Message from Chairman of Association of Banks in Cambodia, Mr Pung Kheav Se
It gives me great pleasure to extend a very warm welcome to all the delegates to the 39th ASEAN Banking Council Meeting to be held in Phnom Penh, Cambodia, from 19th to 20th November 2009.
This is the first time that the ASEAN Bankers Association (ABA) is holding its annual Council Meeting in Cambodia and the Association of Banks in Cambodia is honoured to be the host for the 39th Annual ASEAN Banking Council Meeting.
Since becoming a member of ABA, the Association of Banks in Cambodia had hosted and co-organized with ABA several workshops and seminars on banking and investment related subjects both in Phnom Penh and Siem Reap. Our Association also had the honour of co-organizing the First Project Investments and Finance Opportunities in CLMV Conference with ABA to promote investments into CLMV. The Conference had attracted more than 150 participants from the banking and investment communities in ASEAN.
Cambodia has enjoyed political stability and rapid economic growth for the past decade and is now on the investment map of many businessmen. The country has many favourable factors for foreign investors, including large fertile land for agricultural investments, and is home to two UNESCO World Heritage sites, beautiful beaches and rich rain forest reserves for further development of the tourism industry.
Angkor Wat temple in Siem Reap is easily accessible and just forty minutes flight from Phnom Penh. We strongly encourage you to set aside some time to visit Angkor Wat.
We hope that you will also take this opportunity to learn more about Cambodia’s developmental potential. We welcome and encourage you and your clients to come and invest in our country.
Lastly, we wish you a fruitful meeting and an enjoyable time during your stay in Phnom Penh, Cambodia.