Financial Digitalization and Its Implications for ASEAN+3 Regional Financial Stability

Financial Digitalization and Its Implications for ASEAN+3 Regional Financial Stability
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 112
Release: 2023-02-01
Genre: Business & Economics
ISBN: 9292700111

Download Financial Digitalization and Its Implications for ASEAN+3 Regional Financial Stability Book in PDF, Epub and Kindle

This publication examines the impact of digitalization on the financial stability of the members of the Association of Southeast Asian Nations and the People’s Republic of China, Japan, and the Republic of Korea (ASEAN+3). The region is a global leader in digital financial services, and economic and financial links among ASEAN+3 markets are growing. The publication discusses the opportunities and risks of digitalization, explores how to manage financial integration in the digital era, and identifies changes in regulations and supervision needed to reduce risk and successfully transform the traditional banking model.