Financial integration plays an important role such that it enables financial

development domestically, it enhances the allotment of resources among

different countries, and it eventually and fundamentally advances growth.
Aside from this, financial integration also produces and creates liquidity for
markets and makes risk allocation better and more progressed. All these are
factors in financial stability. Kim (2012) stated, Financial integration is a
market process that takes a very long time and evolves only gradually.
Central banks can be linked to the financial integration because it has a large
impact that can help lead to financial stability. The main functions of the
central bank can somehow help in achieving areas of financial integration.
Central banks, in general, controls and manages the money supply of a
nation, the accessibility and cost of credit, and the currencys foreign
exchange value. Central banks aim to sustain monetary states leading to an
optimal level of employment and productivity, firm prices domestically, and
sufficient international reserves. Central banks include functions of monetary
stability (the decisions and execution of monetary policies are central banks
deciding attributes), financial stability (the responsibility for financial stability
is concluded from existing functions like bank regulation, bank supervision,
deposit insurance, and provision of honest broker services), policy operation
(operations that support the policy are important in the middle of central
bank functions), financial infrastructure provision (the main activities of this
function include issuing currency, supplying banking services to commercial
banks, and supplying a structure for exchanging the money of central bank
in resolving transactions), and other functions for public good. The central
banks governor works on important problems that relates to these central
banks function. They have an important part in giving information in the
making of different programs of the different groups on financial integration.
Autoriti Monetari Brunei Darussalam or AMBD serves as the central bank of
Brunei Darussalam. AMBD was formed by combining four separate divisions
that previously belonged to The Financial Institutions Division or FID, The
Brunei Currency and Monetary Board or BCMB, The Brunei International
Financial Center or BIFC, and Part of the Research and International Division
or RID. This bank has four main objectives by reaching and preserving
price stability domestically, by establishing a steady financial system by
putting together financial regulation and advisable principles, by aiding the
foundation and purposes of efficient payments and settlements systems,
and by progressing a financial services sector that is well founded and
reliable. The foundation of this central bank serves as an important symbol in
the evolution and growth of the financial sector in Brunai Darussalam.
http://www.seacen.org/gui/pdf/publications/bankwatch/2012/1-ambd.pdf
http://www.fsa.go.jp/inter/etc/201202_intl_conf/keynote/k2-a.pdf
http://www.ambd.gov.bn

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