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ASEAN Financial Co-Operation: Developments in Banking, Finance and Insurance
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On 8 August 1967 the Association of Southeast Asian Nations (ASEAN) was established in Bangkok with the signing of the ASEAN Declaration by the Foreign Ministers of Indonesia, Malaysia, the Philippines, Singapore and Thailand. The new organisation was intended to promote regional peace and stability within the region through mutual co-operation and assistance within the economic, social-cultural-technical and scientific fields.