This means that we now enter the phase of administering the guidelines so that  2  BIS central bankers’ speeches  Qualified ASEAN Banks (QABs) can operate within the region in the next couple of years. There will be other occasions where we can fully elucidate the details and operation of ABIF.
But central to the framework is the idea of developing ASEAN for ASEAN for which consumer finance appears to be a key facet. About a tenth of the world’s population resides in ASEAN. While the global life expectancy rates have increased from 66 years old in 1990 to 71 years old in 2012, ASEAN has extended this to 73 years old on average.