Within the AFIF is the integration of the banking markets. This is what we refer to as ABIF and it is being pursued alongside the integration of the other facets of the financial market such as the payments and settlement system, the capital market, and the insurance sector.
A proper response to your chosen topic of what ASEAN integration means to Asian and Philippine banking must therefore take a holistic view that considers ABIF in the context of AFIF, which in turn is an essential element of the AEC, which itself is only 1 of the 3 “communities”.