Regional: Financial Regulatory Reforms in Asia

Nonsovereign Project | 45142-001 Status: Approved

Summary

This TA aims to support regulatory reforms in line with international good practices, covering the financial sector (banking, insurance, and securities) of DMCs in East and Southeast Asia. 6 The TA will examine the relevance of the global reform issues and their implications for emerging Asian economies, strengthen macro-prudential supervision of the DMCs through knowledge sharing, and help improve national regulatory systems and promote harmonization of national regulations and practices in line with global standards.

Latest Project Documents

Consulting Notices See also: CMS

No notices are currently available for this project.


Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

 
Project Name Financial Regulatory Reforms in Asia
Project Number 45142-001
Borrower/Company
Country Regional
Location
Approval Number 7864
Type or Modality of Assistance
7864 FSDPF US$ 300,000 Approved
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Partnerships
Sector / Subsector

Finance - Banking systems and nonbank financial institutions - Finance sector development

Gender Equity and Mainstreaming No gender elements
Responsible ADB Department SDCC
Responsible ADB Division SDOD
Responsible ADB Officer Jong-Ho Lee
Project Sponsor(s)
Description

This TA aims to support regulatory reforms in line with international good practices, covering the financial sector (banking, insurance, and securities) of DMCs in East and Southeast Asia. 6 The TA will examine the relevance of the global reform issues and their implications for emerging Asian economies, strengthen macro-prudential supervision of the DMCs through knowledge sharing, and help improve national regulatory systems and promote harmonization of national regulations and practices in line with global standards.

The TA will address the issues of regulatory reforms from a new post-crisis perspective. It will (i) examine how Asian economies translate the lessons of the recent global financial crisis into appropriate policies and reform measures in terms of macro-prudential supervision relative to micro-prudential supervision; (ii) assess the robustness of financial sector policies or reforms to buffer any systemic vulnerability to financial crises, and the extent of their contribution to financial soundness and stability; and (iii) help develop the strategic direction of the financial policies and regulatory reforms through consultations with officials from DMC finance ministries, central banks, and supervisory agencies.

Objectives and Scope
Linkage to Country/Regional Strategy

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation

Business Opportunities

Consulting Services Lead Economist (1 international consultant, 9 person-months); Technical Experts (3-4 international consultants, 10 person-months); Manuscript and copyeditor (1 international consultant, 1 person-month); Typesetter (1 national consultant, 2 person-months); Economic Analyst and Project Coordinator (1 national consultant, 23 person months); Economic Analysts (2 national consultant, 46 person-months); Resource Persons (9-12 resource persons, 1.1 person-month)
Procurement Computer hardware and software, and database

Timetable for assistance design, processing and implementation

Concept Clearance 02 Jun 2011
Due Diligence
Credit Committee Meeting -
Approval 20 Sep 2011
Last PDS Update 06 Jun 2011
Title Document Type Document Date
Financial Regulatory Reforms in Asia: Technical Assistance Completion Report TA Completion Reports Sep 2015
Financial Regulatory Reforms in Asia Technical Assistance Reports Sep 2011

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.