Lee Chang-yong, Governor of the Bank of Korea, Departs on the 14th to Attend EMEAP Governors' Meeting
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Lee Chang-yong, Governor of the Bank of Korea, will depart on the 14th to attend the Executives Meeting of East Asia and Pacific Central Banks (EMEAP) Governors' Meeting held in Penang, Malaysia.
The Bank of Korea announced on the 12th that Governor Lee will depart on the 14th to attend the "29th EMEAP Governors' Meeting" and the "13th EMEAP Central Bank Governors and Financial Supervisory Authorities Heads Meeting," and is scheduled to return on the 17th.
EMEAP is a consultative group of central banks established in 1991 to promote cooperation and information exchange among central banks in the East Asia and Pacific region. Currently, its member banks are
the central banks of Korea, China, Japan, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Hong Kong, Australia, and New Zealand, totaling 11 central banks.
The EMEAP Central Bank Governors and Financial Supervisory Authorities Heads Meeting was established following a resolution at the 16th EMEAP Governors' Meeting, chaired by the Bank of Korea, to specially invite heads of financial supervisory authorities in regional countries that have separate supervisory bodies. Consequently, five countries?Korea, China, Japan, Australia, and Indonesia?are invited to hold this meeting.
Governor Lee plans to attend the EMEAP Governors' Meeting to discuss recent economic and financial trends, regional currency settlements in trade and investment sectors, and to review the activities of EMEAP-affiliated organizations with central bank governors from member countries in the East Asia and Pacific region.
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He will also participate in the EMEAP Central Bank Governors and Financial Supervisory Authorities Heads Meeting to exchange views on regulation and supervision of financial innovation in the digital era, as well as the impact of new global regulations on the regional financial environment.
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