Judul Bank Indonesia and Bank of Thailand Tighten Cooperation
Sumber Data Public Relation Group Tanggal 25-03-2013 Hits 16
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Accompanied by senior BI officials, the Governor of Bank Indonesia (BI), Dr. Darmin Nasution, attended a bilateral meeting with the Governor of the Bank of Thailand (BOT), Dr. Prasarn Trairatvorakul, and senior officials on Friday, 22nd March 2013 in Bangkok. The meeting facilitated an exchange of information and experiences between the two central banks covering monetary aspects, banking and the payment system.

At the meeting, the economic performance of each country was discussed as well as the implementation of monetary and macroprudential policy, particularly when confronting the risk of capital flows amid a global financial sector that is yet to recover. In addition, banking sector performance in both countries was discussed as well as any experiences concerning development of a National Payment Gateway (NPG). Bank Indonesia also detailed its plan to transfer the bank supervision function to the Financial Services Authority (OJK). Furthermore, Bank Indonesia listened attentively to the BOT's experience of regulations regarding foreign exchange proceeds from exports (DHE).

In his speech, Dr. Darmin Nasution underlined the importance of an exchange of ideas between the two central banks, especially at a time when economic recovery in developed countries is failing to gain momentum. During the talks, Dr. Darmin Nasution explored the experience of the BOT in terms of maintaining financial stability, in particular the capital market and housing market. Conversely, Dr. Prasarn Trairatvorakul tended to focus more on Bank Indonesia's experience with non-resident ownership of securities on the domestic financial market.

In anticipation of the variety of upcoming challenges, BI and BOT emphasized the importance of coordination and collaboration among domestic authorities mandated with maintaining financial stability. To this end, BI and BOT agreed to tighten cooperation between the two central banks through a mutual exchange of information.

Such meetings are expected to continue and thereby strengthen mutually beneficial coordination and collaboration between both central banks in general and both countries in particular. Bank Indonesia continuously strives to host such meetings with other central banks in the ASEAN region.

Jakarta, 25 March 2013