The Working Committee on Financial Services Liberalization (WC-FSL) was established in 2003.  Guided by the ASEAN Economic Community Blueprint 2025, and the Strategic Action Plan for financial services liberalization and taking into account ASEAN centrality, the WC-FSL sees as an end-game goal a more integrated financial services sector through enhanced and progressive financial liberalization among ASEAN Member States and with Dialogue Partners.

The WC-FSL’s objectives are as follow:

To provide a forum for ASEAN Member States to share information and exchange experiences of financial services liberalization among AMS;

To carry out the process of financial services liberalization among AMS; and

To facilitate financial servicers liberalization by ASEAN with its Dialogue Partners.

The WC-FSL comprises of  representatives from Finance Ministries, Central Banks or Monetary Authorities, and other relevant agencies of AMS.  It is currently Co-chaired by the Ministry of Economy and Finance Cambodia and the Bank Negara Malaysia.