Since its establishment in 2000, the SEG has held ten  meetings in Kuala Lumpur in May 2000, Ulaanbaatar in September 2000, Kuala Lumpur in May 2001, Ulaanbaatar in June 2002, Kuala Lumpur in March 2005 and February 2007, Siem Reap in December 2008, Kuala Lumpur in August 2009 and August 2011 and Manila in September 2013, . The SEG Meetings are normally held back-to-back with other SEACEN events, where possible, to minimise travel time and costs. Follow-up work by the Secretariat and consultations among SEG members are conducted via electronic mail.

The SEG work has been focusing on three main areas, viz., developing a regional framework to promote the sharing of capital flows data; assessing the methods and systems of risk management among members; and capacity building. Specifically, the outcomes of the SEG work include the following:

1.

SEG Directory

  A directory of contact persons among the SEG members (Directory of Expert Group on Capital Flows) has been compiled to facilitate the exchange of information or clarifications among members. The Directory is updated regularly to ensure that the information is current.
   

2.

Exchange of Data on Capital Flows

 
a. SEG Data Templates on Capital Flows
  To track the movements of capital flows and other related financial market data in the individual member economies, the SEG regularly reports a common set of data templates to be shared among members through the SEACEN Website.
b. Electronic Data Exchange Facility
  As an effective means of exchanging data, an electronic data exchange facility has been installed at The SEACEN Centre. The data exchange facility includes:
 
i. a dedicated web server to publish the SEG data templates and to house the SEG database; and,
ii. security software and devices to ensure the integrity and confidentiality of data, comprising secure electronic mail transmission; secure authentication; and, secure on-line internet connection.
 


At present, data from participating SEG members are regularly published at the secure segment of The SEACEN Centre Website. Only authorised officials of the SEG member central banks could access the SEG database. Based on the data reported by the SEG members, The SEACEN Centre has been able to make a preliminary assessment of both current trends in capital flows in the region and capital flows expected in the next twelve months, as well as identify potential risks and areas of vulnerabilities. This data analysis is reported and discussed at the Technical Meetings and teleconferencing exchange organised by the Centre as and when necessary.

The SEACEN Centre will continue to facilitate the exchange of SEG data in the confidential SEG database system. The SEACEN Centre has upgraded the software which uses standard EXCEL as an interface to link member banks’ database to the SEG database. Accordingly, data updating is expected to be more efficient. The Centre will continue to monitor software requirement such as improving security measures and devices to ensure the integrity and confidentiality of data.

   

3.

Teleconferencing Exchange

  In addition to the exchange of data templates, the SEG also holds tele-conferencing exchange as and when necessary to discuss trends, developments and issues of concern arising from the SEG data analysis report. Other related issues of current interest are also discussed.
   

4.

Capacity-building in SEACEN Member Banks

  To promote capacity building and exchange of views and experiences, the SEG meeting agenda normally includes dialogues with international experts on topical issues relating to capital flows. In addition, several workshops have been organised to enhance expertise in the areas of compilation and usage of international finance statistics, risk management of capital flows and development of early warning systems. Experts in these areas from the Ministry of Finance of Japan, Bank for International Settlements (BIS), the World Bank, the International Monetary Fund (IMF) and international bankers have been invited to share their knowledge and experiences, as well as providing guidance to the SEG members. There are also meetings and workshops for technical staff to enhance data collection capacity.
   

5.

Assessment of Capital Flows

  The SEACEN SEG Secretariat prepares brief reports twice a year on capital flows entitled "SEG Capital Flows Monitoring" circulated to members and has also developed the Exchange Market Pressure Index (EMPI) as a forward looking indicator.

 

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