Regional Cooperation on Financial Initiatives
Executives' Meeting of East-Asia Pacific Central Banks (EMEAP)
MAS participates actively in the EMEAP grouping to support regional financial stability and developmental cooperation. Comprising 11 central banks and monetary authorities in the East Asia and Pacific region, the grouping provides a useful platform for promoting regional collaboration and information sharing amid ongoing financial challenges. MAS continues to chair the Working Group on Payment and Settlement Systems (WGPSS), which focuses on strengthening risk management, oversight and standards, and best practices for payment systems in the region. As the WGPSS Chair, MAS is also leading a cross-border collateral arrangement study to explore ways to enhance liquidity arrangements in the region.