ASEAN Regional Financial Integration
What is happening and how is SWIFT
supporting it?
What is next?
How is SWIFT supporting financial integration?
What trends are we seeing?
ASEAN Regional Financial Integrati...
Introduction: ASEAN Regional Financial Integration
3
ASEAN AEC
ASEAN
Financial
Integration
ASEAN
payments
and
settlement
s...
ASEAN..
ASEAN a Region with a lot of Potential
….
GDP USD 2.3 trillion
GDP Growth Projections
remain around
5%
Population >600 mil...
Rank Country
Total Traffic Payments Securities
May 14 YTD
Avg Daily
Traffic
Weight in
ASEAN
Growth vs
May 13
May 14 YTD
Av...
The Goal of Regional Economic Integration is AEC..
• Single market and production base
• Highly competitive economic regio...
AEC 2015: Financial Integration Blueprint
Goal of the
Blueprint
The achievement of a well-integrated
and smoothly function...
ASEAN Payment and Settlement System
An efficient payment system
is vital in strengthening the
link among ASEAN members
Sou...
Agenda
What Trends Are We Seeing?
Qinwen Xiao
Agenda
Moving Towards International Standards
Kiyono Hasaka
Agenda
SWIFT’s Support for Financial Integration &
what is next?
Usama Delorenzo
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ASEAN Regional Financial Intergration, Zelda Anthony, SWIFT

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ASEAN Regional Financial Intergration, Zelda Anthony, SWIFT

  1. 1. ASEAN Regional Financial Integration What is happening and how is SWIFT supporting it?
  2. 2. What is next? How is SWIFT supporting financial integration? What trends are we seeing? ASEAN Regional Financial Integration Session Introduction Where are we today?
  3. 3. Introduction: ASEAN Regional Financial Integration 3 ASEAN AEC ASEAN Financial Integration ASEAN payments and settlement system (WCPSS) What is happening and how is SWIFT supporting it?
  4. 4. ASEAN..
  5. 5. ASEAN a Region with a lot of Potential …. GDP USD 2.3 trillion GDP Growth Projections remain around 5% Population >600 million (approx. 9% global population) Trading partners China, Japan, EU, US, Korea, India, Australia Market capitalisation 5.8% average growth rate for the region
  6. 6. Rank Country Total Traffic Payments Securities May 14 YTD Avg Daily Traffic Weight in ASEAN Growth vs May 13 May 14 YTD Avg Daily Traffic Rank Growth vs May 13 May 14 YTD Avg Daily Traffic Rank Growth vs May 13 1 Singapore 296,204 49% 12% 155,581 1 11% 114,246 1 16% 2 Thailand 87,183 14% 9% 58,286 2 13% 24,162 4 1% 3 Indonesia 83,853 14% 13% 39,308 3 6% 39,927 3 24% 4 Malaysia 75,879 13% 7% 30,347 4 8% 40,683 2 7% 5 Philippines 40,923 7% 9% 22,203 5 6% 15,450 5 17% 6 Vietnam 17,382 3% 13% 11,967 6 12% 1,416 6 21% 7 Cambodia 1,272 0% 12% 1,141 7 14% 2 7 21% 8 Brunei Darussalam 1,024 0% 1% 943 8 2% 1 8 12% 9 Myanmar 600 0% 12% 459 9 33% 0 9 - 10 Laos 483 0% 8% 395 10 15% - 10 - FIN traffic in ASEAN 49% of ASEAN traffic is sent from Singapore
  7. 7. The Goal of Regional Economic Integration is AEC.. • Single market and production base • Highly competitive economic region • Region of equitable economic development • Fully integrated into the global economy Transform ASEAN into a region with free movement of goods, services, investment, skilled labour and freer flow of capital ASEAN Economic Community Blueprint by 2015 Characteristics:
  8. 8. AEC 2015: Financial Integration Blueprint Goal of the Blueprint The achievement of a well-integrated and smoothly functioning regional financial system, characterized by more liberalized capital account regimes and inter-linked capital markets
  9. 9. ASEAN Payment and Settlement System An efficient payment system is vital in strengthening the link among ASEAN members Source: The Road to ASEAN Financial Integration by ADB and ASEAN Areas for enhancement, development and harmonization i. Cross-border trade settlement ii. Cross-border money remittance iii. Cross border retail payment systems iv. Cross border capital market settlement v. Standardization
  10. 10. Agenda What Trends Are We Seeing? Qinwen Xiao
  11. 11. Agenda Moving Towards International Standards Kiyono Hasaka
  12. 12. Agenda SWIFT’s Support for Financial Integration & what is next? Usama Delorenzo

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