Background

The SEACEN Expert Group (SEG) on Capital Flows was established by The SEACEN Centre in May 2000, in response to the concern expressed by the SEACEN Governors at their January 2000 Conference in Kuala Lumpur over the need to manage capital flows to ensure stability in regional financial markets. At the 20th Meeting in Singapore on 1 June 2001, the Board of Governors (BOG) also approved the proposal by the SEG to set up an electronic data exchange facility at The SEACEN Centre.

Objectives

The main objectives of the SEG are:

  • To develop a regional framework to promote information sharing on capital flows among members; and
  • To draw up concrete and practical proposals that members can implement individually or collectively to enhance the management of capital flows.

Membership

The SEG comprises 17 member central banks, viz., the 15 SEACEN member central banks, 1  SEACEN Associate member and 1 Observer , viz., the Reserve Bank of Australia,and the Bank of Japan. The SEG is co-chaired by Bank Negara Malaysia and Bangko Sentral ng Pilipinas.

The SEACEN Centre serves as the secretariat to the SEG. Its main role is to assist the SEG in implementing the work programme as decided by the SEG, such as providing data exchange facility, processing and analysing capital flows data as reported by members, as well as providing secretariat support to the SEG meetings and teleconferencing calls.

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