1.   Paul said he has no illusions that implementing a regional surveillance mechanism will be easy.

2.   A surveillance mechanism aimed at providing an early warning of possible future economic problems in the region is also expected to figure prominently in the Jakarta meetings.

3.   Abac members were also in agreement with the need for a regional surveillance mechanism to identify potential risks in member economies which could eventually disrupt financial stability.

4.   But they failed to endorse proposals for an Asian currency-defense fund or new market surveillance mechanisms.

5.   In one key area, officials from several member nations are expected to discuss the establishment of a surveillance mechanism to monitor regional currency markets.

6.   Malaysia is also pushing for the establishment of an Asean economic surveillance mechanism to serve as an early warning system, the Asean official said.

7.   The council is also seeking cooperation among APEC stock exchanges by developing rules, listing requirements and surveillance mechanisms to bolster investor confidence.

8.   The group also agreed to establish and implement a regional economic surveillance mechanism soon to prevent a monetary crisis similar to the one currently affecting the region.

9.   The ministers felt the present circumstances and the contagion and systemic risks facing the region made it necessary to move forward to develop a regional surveillance mechanism within Asean.

10.   The meeting agreed to form immediately a surveillance mechanism to improve financial transparency and prevent future economic crises.