No Asean pan-regional regulator in near future – panellists
Various factors are hampering further integration, speakers say
The Association of Southeast Asian Nations (Asean) is unlikely to gain a pan-regional regulator any time soon because of the divergent stages of development among the Asean countries, according to Noritaka Akamatsu, a senior adviser at the Asian Development Bank.
Speaking during a panel discussion at the Risk Asean conference in Kuala Lumpur, Malaysia, today (May 24), Akamatsu pointed out that creating a single regulatory framework is a matter of “compromising sovereignty”, which requires a
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