We also need to harmonized/standardized the financial institution structure, skill, and regulation in the region to face the Accord. Ladies and Gentlemen, On bilateral level, cooperation among bankers in the region is also essential in preparing the system for a more sophisticated and complex banking practice in the globalized era so that the region could still achieving financial stability.
This is the challenge for us and also for ASEAN Bankers Association. The ASEAN Bankers Association has played an important role in facilitating the exchange of information and expertise on banking among the staff of the banks in Southeast Asia.