The call was sounded as the 44th South East Asian Central Banks (SEACEN) Governors' Conference closed Saturday.

In the statement, the governors welcomed the steps in the international community to address weaknesses in the international financial architecture...."

But Dow Jones adds "... SEACEN raised concern that policy measures in some advanced economies may potentially restrict financial flows to emerging economies.

'The international dimension of funds flow requires the establishment of an effective institutional mechanism to be built into the international financial system to ensure that cross border implications of policies are considered carefully with respect to their impact and implications on other economies,' said the grouping of 15 Asian central banks...."

Reuters writes that the banks also "...backed calls for a doubling of the International Monetary Fund's resources to $520 billion in order to help it cope with the financial crisis and called for deeper regional cooperation.

Many of South East Asia's economies have been insulated from the global financial crisis due to their high foreign currency reserves and a strengthening of their banking sectors in the wake of the 1998 Asian crisis, although export dependent economies like Malaysia are seeing growth forecasts slashed...."