Fifth annual South East Asian Central Banks (SEACEN) Deputy Governors’ Financial Stability Forum and the Fifth High Level Seminar for the Deputy Governors were held at the Auditorium of Central Bank from September 11 to 12.

Theme of the Fifth Forum of the SEACEN Deputy Governors was ‘Maintaining regional financial stability in the face of potential vulnerabilities.’ The forum was hosted by the Central Bank of Sri Lanka in collaboration with the SEACEN.

Around sixty delegates including Deputy Governors in charge of financial system stability of Central Banks from Brunei Darussalam, Cambodia, Chinese Taipei, Indonesia, Korea, Lao PDR, Macao, Malaysia, Nepal, Pakistan, Papua New Guinea, People’s Republic of China, Singapore, Thailand and Vietnam attended these high level forums.

A press release issued to mark the occasion said that the High level Seminar was intended to provide an opportunity for the participants to exchange views and share their experiences on matters related with financial stability in the Asia-Pacific region. During the interactive sessions and panel discussions, deliberations focused on, inter alia, current views of economic conditions and the financial stability in Global and Asia Pacific region, potential sources of financial instability over the next twelve to eighteen months within Asia Pacific focusing mainly on capital flow volatility and private sector expansion, readiness of the crisis preparedness infrastructure in the region for any near term periods of instability or turbulence that may arise in relation to current position on information sharing, legal powers and decision making authority, and macro prudential risks and controls. These forums were facilitated with eminent resource persons from ASEAN+3 Macroeconomic Research Office (AMRO), Bank for International Settlements (BIS), the SEACEN Centre and monetary authorities in the region.

Subsequent to the Forum a close-door meeting of the SEACEN Deputy Governors in charge of financial stability and supervision had been held to facilitate discussions on matters relating to regional co-operation and collaboration in managing financial stability in the region and SEACEN Centre’s learning and research activities on financial stability and supervision, the release said.