Commitment To ASEAN Banking Integrating Framework: Equality of Access, Treatment and Environment

International Conference on Industrial Technology for Sustainable Development 2017

工业技术;经济学

Handayani, Tri^1 ; Abubakar, Lastuti^1

Economic Law Departement, Padjadjaran University, Bandung

40132, Indonesia^1

关键词: Association of Southeast Asian Nations;    Bilateral agreements;    Equality of Access;    Financial development;    Operational flexibility;    Qualified ASEAN Banks;    Reciprocity principle;    Regional economic growths;   

Others  :  https://iopscience.iop.org/article/10.1088/1755-1315/175/1/012161/pdf
DOI  :  10.1088/1755-1315/175/1/012161

学科分类：工业工程学

来源: IOP

【 摘 要 】

Through the Association of Southeast Asian Nations (ASEAN) many countries in the region was agreed to liberalize their financial market and integration. The Commitment is to strengthen economic growth and promote financial stability in ASEAN region. In 2014, ABIF has the plan to achieve more integrated banking market spearheaded by Qualified ASEAN Banks (QABs), with promoting financial development and higher regional economic growth as the priority outcomes. QABs are anchored by the principles that emphasize inclusiveness, transparency, and reciprocity. Based on ABIF, any two ASEAN countries may enter the reciprocity bilateral agreements to provide QABs with greater market access, and operational flexibilities consistent with those of domestic banks in the respective host countries. Indonesia is expecting the reciprocity principle to be enforced under bilateral agreement. This research was conducted by using the normative juridical method with an analytical descriptive approach. The result from this research is a good to go bilateral agreement should consider the current condition, be business friendly, and give priority to the national interest. Reciprocity principle becomes an important element in bilateral agreement to gain the equality of access, treatment, and environment for QABs in host countries.