Working Groups and Meetings CurrentHighlight

Since their establishment in 1996, EMEAP working groups and meetings, each comprised of experts on respective issues, have made significant progress in each area. The current status of working groups and meetings is as follows:

WG on Payments and Market Infrastructures (WGPMI) studies the development and regulatory/supervisory/oversight issues in domestic and cross-border payments and market infrastructures. In addition, the WGPMI provides opportunities for member central banks to communicate regional perspectives and cooperate with other multilateral institutions and international forums on matters related to payments and market infrastructures.

WG on Financial Markets (WGFM) studies central bank services and the developments of foreign exchange, money, and bond markets. The WG/FM played a key role in forming the “Asian Bond Fund”, in which all member central banks participated.

WG on Banking Supervision (WGBS) studies banking supervision issues that are of interest to central banks. It was upgraded to a working group with a more permanent status from the previous study group. Over recent years, the governments of some EMEAP members have moved to separate banking supervision functions from the central bank and place them with a specialist supervisory agency. In this connection, although the Working Group is still mainly comprised of central banks, representatives from the supervisory agencies of some countries have also been incorporated in the Working Group.

Furthermore, at the seventh Governors’ Meeting in Kuala Lumpur, Governors endorsed the Deputie’ proposal to establish the IT Directors’ Meeting (ITDM). The ITDM, which consists of face-to-face meetings and electronic conferences, studies Information Technology and its application to member central banks.

Study Group on Resolution (SGR) is a resolution-specific forum within EMEAP and supports knowledge sharing and discussion among regional authorities in relation to practical and technical resolution matters in a cross-border context. Although the SGR membership mainly comprises central banks, representatives from some of the relevant authorities and agencies that perform resolution, supervisory and deposit insurance functions are also members of the SGR.

WG on Payments and Market Infrastructures (WGPMI)
WG on Financial Market (WGFM)
WG on Banking Supervision (WGBS)
The IT Directors’ Meeting (ITDM)
Study Group on Resolution (SGR)

EMEAP, the Executives' Meeting of East Asia-Pacific Central Banks, is a cooperative organization of central banks and monetary authorities in the East Asia and Pacific region. Its primary objective is to strengthen the cooperative relationship among its members.