This paper argues that there is a role for regional-level institutions of banking regulation in the ASEAN region. This is particularly important in an environment of increasing financial integration and harmonization, including exposures to shocks from volatile capital flows and cross-border banking institutions. The paper examines four aspects of financial regulation: microprudential regulation, macroprudential regulation, resolution capacity and deposit insurance, and a financial safety net. The paper argues that EU regional banking regulation provides a useful reference point, but the lower degree of credit market openness in ASEAN implies that a more nuanced approach can be adopted, and makes specific recommendations.

中文翻译：

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东盟区域银行监管框架

本文认为，东盟地区的区域级银行监管机构可以发挥作用。这在金融一体化和协调不断加强的环境中尤为重要，包括面临资本流动和跨境银行机构波动带来的冲击。本文考察了金融监管的四个方面：微观审慎监管、宏观审慎监管、处置能力和存款保险以及金融安全网。该论文认为，欧盟区域银行监管提供了一个有用的参考点，但东盟较低的信贷市场开放程度意味着可以采用更细微的方法，并提出具体建议。