Guidelines of best practice in this field are being developed for preliminary discussion in August. The objective here is to encourage APEC economies to remove the impediments to the development of domestic bond markets, in recognition that some economies are very dependent on the banking system for funding.
Other areas of work involve, for example, the ADB efforts to coordinate a project aimed at boosting training for APEC area banking supervisors and securities market regulators and some useful work already undertaken in the field of corporate governance. APEC represents an interesting grouping of economies, with diverse experience and diverse circumstances.