Asean bank licence passporting won't have desired effect: ADB expert

As the Philippine central bank seals its first deals under a new cross-border framework, doubts remain as to whether treasurers will benefit as banks struggle with ingrained differences between the region's markets.

By Mark Agnew

Mar 27, 2017

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More Philippine banks will be allowed to operate subsidiaries in other Association of Southeast Asian Nations (Asean) states – and vice-versa – after the country's central bank agreed its first deal with a peer under the Asean Banking Integration Framework (ABIF) and announced plans for two more.

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