While the biggest of the ASEAN banks can indeed penetrate smaller jurisdictions, the diversity of ASEAN suggests there are niche markets that can be realized, different needs that can be explored and pockets of expertise that can be harnessed. This is an important reality to bear in mind.
And as you can appreciate, this “distinctiveness” of ASEAN is the pressing motivation why our banks are currently focused on fortifying their  4  BIS central bankers’ speeches  domestic franchise in a variety of modes. We can, however, only surmise that this insular perspective will not be the norm for long.