(Announcement) Full-Scale Implementation of HTTPS on the EMEAP Website (from March 2021)
From March 2021, EMEAP will begin using TLS encryption and convert its website to “HTTPS.” The use of HTTPS by default is intended to guarantee user security and privacy.
HTTPS connections are enabled through a network protocol called TLS. After the website’s conversion to TLS-protected HTTPS, users’ access to a page with a URL that starts with HTTP:// will automatically be redirected to another page whose URL starts with HTTPS://.
To ensure that the website is browsable, users are requested to make sure that their device settings support “TLS1.2.”
We appreciate your kind understanding.
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EMEAP, the Executives’ Meeting of East Asia-Pacific Central Banks, is a cooperative organization of central banks and monetary authorities (hereinafter simply referred to as central banks) in the East Asia and Pacific region. Its primary objective is to strengthen the cooperative relationship among its members. It comprises the central banks of eleven economies: Reserve Bank of Australia, People’s Bank of China, Hong Kong Monetary Authority, Bank Indonesia, Bank of Japan, Bank of Korea, Bank Negara Malaysia, Reserve Bank of New Zealand, Bangko Sentral ng Pilipinas, Monetary Authority of Singapore, Bank of Thailand
Current Highlights 
New Press Statement – The 29th EMEAP Governors’ Meeting was held on 15 July 2024
16/07/2024
New Press Statement – The 28th EMEAP Governors’ Meeting was held on 24 July 2023
24/07/2023
New Press Statement – The 27th EMEAP Governors’ Meeting was held on 8 August 2022
08/08/2022
New Publication – Bond Market Stress and Policy Responses in the EMEAP Region during COVID-19 (June 2022)
03/06/2022
This Working Group on Financial Markets (WGFM) report examines the bond market stress in the EMEAP region during COVID-19, and discusses the policy responses and lessons learnt. During March/April 2020, bond markets in most EMEAP economies experienced stress conditions due to a confluence of external and domestic factors. EMEAP central banks have succeeded in alleviating the bond market stress with various policy measures (e.g. asset purchases and liquidity facilities), which were carefully designed and adjusted, and well communicated in view of the challenges and potential side-effects associated with these policy measures. Based on the COVID-19 experience, the report draws a number of lessons learnt regarding bond market stress and resilience, and central banks’ policy responses; and suggests a few topics for continued collaboration among EMEAP members.
New Press Statement – EMEAP Central Banks to Promote Green Bond Investment through Asian Bond Fund
05/11/2021
New Press Statement - The 26th EMEAP Governors’ Meeting was held on 12 August 2021
12/08/2021
12/07/2021
New Press Statement - The 25th EMEAP Governors’ Meeting [Part II] was held on 16 November 2020
17/11/2020
New Press Statement – The 25th EMEAP Governors’ Meeting[Part I] was held on 19 August 2020
19/08/2020
19/08/2020
This Working Group on Financial Markets (WGFM) report highlights members’ observations on the shifting dynamics of the US dollar in regional financing activities over the years, and its impact on regional financial stability. Members opined that the macroeconomic adjustments and the set of banking sector reforms undertaken in the past decades had strengthened the resilience of many EMEAP economies coming into the March-April episode of global US dollar liquidity stress. Nevertheless, members also identified certain areas which would require further regional collaborations to guard against future shocks.
24/09/2019
New Publication – Study on the Implications of Financial Benchmark Reforms (September 2019)
24/09/2019
Financial benchmarks, especially interest rate benchmarks, are commonly referenced in financial contracts. However, the notable decline in the liquidity of the unsecured money markets after the global financial crisis, together with incidents of benchmark manipulation, raised questions about the credibility and robustness of submission-based benchmarks. Against this background, global efforts have been taken in reforming the financial benchmarks. The Working Group on Financial Markets agreed in September 2018 to conduct a study on the implications of financial benchmark reforms to regional markets, focusing on: A) LIBOR discontinuation; B) EU Benchmarks Regulation (BMR); and C) Reform of local benchmarks, in the EMEAP region. This report provides a brief overview of the three areas of financial benchmark reforms, summarises the results of a WGFM survey and discussion among EMEAP members and private financial institutions, as well as identifies risk scenarios and proposes some policy recommendations for EMEAP members’ consideration. The purpose of this report is to raise awareness of market participants, as well as to further enhance the market’s readiness for financial benchmark reforms.
New Press Statement – The 24th EMEAP Governors’ Meeting was held in Shenzhen on 29 August 2019
30/08/2019
21/02/2019
New Publication – EMEAP Money Markets Annex: Survey Results
10/08/2018
Money markets serve as an important infrastructure for both private financial institutions and central banks. They are where financial institutions manage short-term funds based on their outlook on interest rates and their demand for, or supply of, funds. While the EMEAP money markets continue to have ample liquidity, partly thanks to prolonged capital inflows, this could start to decrease gradually if there were a reversal of capital flows. This report aims to record the state of play in the money markets, together with policy initiatives taken in the EMEAP region. While acknowledging that money markets have evolved in a manner unique to each jurisdiction, this report provides a reference to assist with further development of money markets in the region.
New Press Statement – The 23rd EMEAP Governors’ Meeting was held in Manila on 4 August 2018
06/08/2018
New Press Statement – EMEAP Central Banks Announce the Launch of PAIF Securities Lending
26/06/2018
New Press Statement – The 13th Asia-Pacific High Level Meeting on Banking Supervision was held in Singapore on 28 February to 1 March
09/03/2018
New Press Statement – The 22nd EMEAP Governors’ Meeting was held in Auckland on 15 May 2017
16/05/2017
01/08/2016
The Liquidity Coverage Ratio (LCR) was implemented by the Basel Committee with the aim of developing a more resilient banking sector. Given the significance of the LCR requirement as a global liquidity regulation, the Working Group for Financial Markets studied the impact of the LCR requirement on money markets, central bank operations and monetary policy transmission in the EMEAP region. This report summarises the findings and builds on the body of existing research on this topic.
New Press Statement – The 21st EMEAP Governors’ Meeting was held in Bali on 31 July 2016
31/07/2016
New Press Statement – East Asia Pacific central banks reinvest Asian Bond Funds
01/07/2016
New Press Statement – The 20th EMEAP Governors’ Meeting was held in Singapore on 30 May 2015
01/06/2015
21/08/2014
This report discusses the Working Group on Financial Markets’ review of repo markets in the region. The objective of the review was to describe the place these markets occupy in member jurisdictions and to better understand the factors behind their development to date and the factors that might be impeding further or quicker development.
21/08/2014
This report discusses the Working Group on Financial Markets’ review of repo markets in the region. The objective of the review was to describe the place these markets occupy in member jurisdictions and to better understand the factors behind their development to date and the factors that might be impeding further or quicker development.
