Coming from a region that comprises a quarter of G20 countries, the WSBI Asia-Pacifc Regional Group represents member banks through sharing and advocacy work on financial inclusion, banking innovation and digitisation.
>> Read the WSBI in Asia-Pacific brochure Banking.Serving.Thriving.
Updated: 20 December 2018
The WSBI Asia-Pacific Regional Group was established to bring together the members in the region to keep close exchange on specific issues and to promote the exchange of best practices and create business cooperation opportunities. Representing 25 financial institutions from 17 countries, group members meet at least once a year at annual regional group meetings.
Cooperation between WSBI members in the group ranges from contact building and exchanges of information to the development of concrete business opportunities, at bilateral or multilateral level. For example, members host training workshops for other members, sign business cooperation memoranda of understanding, exchange expertise and enter into reciprocal business partnerships.
Mr. Maryono, President Director of P.T. Bank Tabungan Negara Indonesia leads the Asia Regional Group. WSBI regional group presidents are appointed for three-year terms among the top management of member banks in the region. His term ends in 2021.
The Asian continent has become more and more important for the world economy and the banking sector has a key role to play in these developments. Experiencing robust economic growth in recent years, the region's voice has grown on the international scene, with a quarter of G20 countries coming from Asia. On the policy front, Asia enjoys policymaker support for banking innovation and digitalization.
The region faces challenges, however, as some members are regulated as specialized banks and restricted to certain business activity in areas such as financial products or services and distribution channels. The region faces increasingly cut-throat competition as new financial service providers enter the banking landscape, including internet finance and more diverse banking business models.
The role of regional groups is to provide imput to overall WSBI messages provided to G20 leaders. They advocate as necessary with regional parties, authorities and national regulatory bodies. It interacts and promote member best practice with key regional stakeholders, including the Asian Development Bank (ADB), Asia Pacific Economic Cooperation (APEC), Business Advisory Council Financial Inclusion Initiative and the Asia Microfinance Forum.
Knowledge sharing between Asia Regional Group members help boost their business development efforts. The group aims to promote members’ best practices, a powerful way to raise service, quality and reach in member markets. They look to identify best practices and seek to transfer the knowledge among Asian members, fostering regional cooperation – members helping members.