the aim of ABIF is to establish.........
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The main objective of ABIF is to prepare market access and operational flexibility in ASEAN member countries to create Qualified ASEAN Banks (QAB), ie ASEAN banks that meet certain requirements agreed upon by ASEAN. ... The initiative to establish ASEAN's financial unity is not a new issue.
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The aim of ABIF is to establish banking integration in ASEAN countries.
- ASEAN Banking Integration Framework (ABIF) was endorsed by ASEAN Central bank governors in 2014.
- ABIF provides an opportunity for qualified ASEAN banks to have greater access to ASEAN markets.
- Such qualified banks also will be provided with greater flexibility in the ASEAN markets.
- Association of South East Nations (ASEAN) was formed on 8 August 1967 in Bangkok.
- ASEAN was established with an aim to promote economic growth, social progress and regional peace among the member states.
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