The South-East Asian Central Banks (SEACEN) Research and Training Centre started to operate on an informal basis in 1972 by conducting training courses, relying mainly on resources provided by Bank Negara Malaysia's Staff Training Centre. In 1973, efforts to establish the Centre as a legal entity were begun to enable it to recruit its own staff and formulate and execute its own programs of research and training activities. On February 3, 1982, SEACEN Governors signed the Agreement establishing the Centre as a legal entity, registered under the Malaysian Companies Act.

The SEACEN Centre reviews and analyzes financial, monetary, banking, and economic developments in the member countries and in the region as a whole. It initiates and facilitates cooperation in research and training focused on the policy and operational aspects of central banking and provides for learning and sharing of knowledge through seminars, workshops, and training courses.

COMPOSITION

11 member central banks and monetary authorities: Bank Indonesia, Bank of Korea, Bank Negara Malaysia, Bank of Mongolia, Central Bank of Myanmar, Nepal Rastra Bank, Bangko Sentral ng Pilipinas, Monetary Authority of Singapore, Central Bank of Sri Lanka, Central Bank of China, Taipei, and Bank of Thailand.

STRUCTURE

The suprememe authority is the Board of Governors of the SEACEN Centre, which is composed of Governors of member central banks and monetary authorities. The Executive Director is appointed by and works under the general guidance of the Board of Governors. The Board of Directors consists of the Governor (Chairman) and Deputy Governor of Bank Negara Malaysia, a nominee each from two other members (rotated by alphabetical order every two years) and the Executive Director of the Centre.

The Centre is based in Kuala Lumpur and has a total staff complement of 32, including 3 senior economists nominated from its membership, on a rotation basis.

GENERAL PUBLICATIONS