The establishment of South East Asia, New Zealand, Australia (SEANZA) grew out of a 1956 meeting of central bank governors from the Asia-Oceanic region. One of the oldest and largest regional central bank groups, membership grew from the original five to 20.
SEANZA was formed to promote cooperation among central banks by providing intensive and systematic training courses for central bank staffs. Training courses are held biennially with a rotating system of host members.SEANZA also provides an avenue for information exchange on issues and problems of common interest among member economies. To do this, the SEANZA Forum of Banking Supervisors was established in 1984. Forum participants have expanded through the years, with representatives from special purpose regulatory bodies such as the Korean Financial Supervisory Service and the Australian Prudential Regulation Authority joining central bank supervisors. Original members were central banks from Australia, India, New Zealand, Pakistan, and Sri Lanka. The additions were Bangladesh; People’s Republic of China; Hong Kong, China; Indonesia; Iran; Japan; Republic of Korea; Malaysia; Macao, China; Mongolia; Nepal; Papua New Guinea; Philippines; Singapore; and Thailand.
