The policy dialogue session between ASEAN Central Bank Governors and Chief Executive Officers (CEOs) of financial institutions. Photo: Pham Kien/VNA

The event is within the framework of the 28th ASEAN Finance Ministers' Meeting (AFMM) and 11th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) which are taking place in Laos this week.

The dialogue discussed the update of the Data Interoperability Framework (IDF); small and medium-sized enterprises’ financial access; cyber security and regional finance’s recovery and sustainable development.

Speaking at the event, the SBV Deputy Governor welcomed regional initiatives on the Cybersecurity Resilience and Information Sharing Platform (CRISP) for member countries to share information to combat cyber security threats and develop collaborative mitigation actions, as well as the framework for data interoperability to ensure safe cross-border data flows for banking and financial institutions in the ASEAN.

To further enhance the effectiveness of those initiatives and digital connectivity initiatives, he called on the private sector to closely participate in proposing technical solutions and specific resources to mitigate risks and further promote connectivity in the region.