System: Capital Markets and Paths

system: In recent years, the monetary policies of major economies have taken diverging paths, the capital markets have become more volatile, and instability in the financial system has increased, attendees at the seminar agreed, according to Xinhua China. In responding to potential risks and challenges at the regional level, the accessibility and effectiveness of the Chiang Mai Initiative Multilateralization should be further enhanced, and the functions of the Association of Southeast Asian Nations Plus Three Macroeconomic Research Office in regional macroeconomic monitoring, crisis management, policy dialogue and technical assistance should be strengthened. Speaking at the same event, Waikei Raphael Lam, IMF Resident Representative for China, said that there was great potential for regional financial cooperation for Asia, and suggested enhanced Asian capital market integration and risk control cooperation. At the national level, financial regulation reform should be effectively pushed forward to monitor and manage short-term capital flows, which will help guard against financial risks. While Asia is the world most vigorous region, its infrastructure remains relatively poor and there is huge demand for investment in this regard. Experts hope that international organizations and national regulatory authorities within the region could improve the way in which they monitor the regional macro economy, bringing international organizations such as AMRO and IMF into full play, and building up a regional financial safety net in accordance with Asian practice, thereby, better safeguarding financial stability in Asia. "The Asian Infrastructure Investment Bank will launch more projects in December this year to promote regional interconnectivity, as pushing forward regional cooperation and solving problems in regional development is one of the bank priority tasks," said AIIB Vice President and Chief Administration Officer Luky Eko Wuryanto at the seminar. (news.financializer.com). As reported in the news.