Coexistence of robust banking systems and capital markets is conducive to financial system stability. But this is not a sufficient condition for such stability. In Asia – where a deepening of trade links has preceded that of cross-national financial ties – ample scope remains for regional financial cooperation.
In collaboration with colleagues in this part of the world, the Bank of Japan remains committed to the salutary development of financial and capital markets in Asia, while placing a special focus on central bank expertise in payment and settlement infrastructures, cross-border collateral arrangements and so forth. Thank you for your attention.