Cross-border Banking Supervision in ASEAN

Wassamon Kun-amornpong ()
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Wassamon Kun-amornpong: Thammasat University

Chapter Chapter 2 in The Financial Trilemma and Cross-border Bank Crisis Management in ASEAN, 2025, pp 37-75 from Springer

Abstract: Abstract Chapter 2 examines how government networks can minimise the financial trilemma in ASEAN. It focuses on cross-border bank supervision and distinguishes between horizontal and vertical networks. The Basel Committee on Banking Supervision is highlighted as a horizontal network that uses soft laws, such as the Basel Core Principles. The chapter identifies limitations of this horizontal network, including its complex risk models, the lack of a widely accepted rationale and measurement of its liquidity requirements, and the incompatibility of Basel standards with developing countries’ financial goals. Drawing lessons from the EU’s Banking Union, it argues that a vertical government network could harmonise supervision and reduce home-host conflicts. If ASEAN decides to follow the EU’s path, it could adopt a phased approach by strengthening capacity-building programmes, empowering its institutions with rule-based norms, and eventually establishing a supranational authority for banking supervision.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-95-0512-8_2

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DOI: 10.1007/978-981-95-0512-8_2

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