The integration of the economies in the Association of Southeast Asian Nations (Asean) by 2015 may go beyond its deadline, particularly in the readiness of the banking industry, according to a bank executive.

On the sidelines of the University of Santo Tomas business leadership CEO Series (UST CEO Series), the Union Bank of the Philippines president and chief executive officer, Victor Valdepeñas, said that it may take a long time for the Asean countries to be fully ready for the upcoming integration of the region in 2015.

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