2023-02-09-亚开行-金融数字化及其对东盟+3区域金融稳定的影响（英）_68页_3mb

报告摘要

Executive Summary

This report examines the impact of financial digitalization on the financial stability of ASEAN+3 economies. The region is a global leader in digital financial services, with strong economic and financial integration. Digitalization offers opportunities for efficiency and financial inclusion but introduces risks such as cybersecurity threats and regulatory challenges.

Key Findings

Digital Finance Growth: Digital banking, payments, and FinTech (including BigTech) have surged, driven by high internet penetration and mobile usage. Digital wallets dominate e-commerce payments, and cross-border digital remittances are expanding.
Regulatory Evolution: Traditional entity-based banking regulation needs refinement to address digital transformation. Recommendations include RegTech for reducing compliance burdens, SupTech for improving supervisory tools, ensuring a level playing field, and flexible activity- or risk-based supervision.
Cross-Border Risks: Conflicts of jurisdiction complicate financial services, and cross-border liquidity management is critical. ASEAN+3 central banks are exploring measures like cross-border collateral arrangements and bilateral swap agreements.
Cooperation and Data Sharing: Enhanced collaboration among financial authorities, including home and host supervisors, is essential. Data standardization supports better coordination and regional financial stability.