The APFF is one of the key initiatives of ABAC that aims to promote private-public dialogue in order to promote regional financial market development and connectivity in the Asia Pacific.
The APFF initiative was first discussed at an Asia Pacific Financial Markets Integration forum convened at RMIT University in March 2012 and organised by ABAC and the Australian APEC Study Centre. This high level event was followed by a regional symposium in Sydney in April 2013 organised by the Australian Treasury and ABAC entitled “Asia Pacific Financial Market Development“. In September 2013 APEC Finance Ministers and Leaders agreed with recommendations to form the APFF.
This APFF involves financial market experts, policymakers and regulators, representatives from peak industry bodies, multilateral development banks and academics to develop policy ideas and recommendations.
The APFF is organised into five work streams on:
- Insurance and pensions
- Capital markets
- Financial market infrastructure
- Market linkages and structural issues
Work undertaken by each group will be organised and coordinated by a lead convenor, with recommendations to be reported to APEC Finance Ministers for endorsement.