Further work in a number of areas is required:  • Address concentration risks: Currently, MiCA imposes governance requirements for activities within the same entity but not for activities across an entity or group.
BIS central bankers’ speeches  3  They represent global reforms that are meant to revise the international financial architecture and the market’s intrinsic landscape. At the regional level, the reforms emanate from the policy decision to pursue integration. For the banking community, this will be the ASEAN Banking Integration Framework or ABIF.