Asia Risk 15: Loh Boon Chye, Deutsche Bank


It all seems so simple, given the benefit of hindsight. After the Asian Financial Crisis, many governments in the region needed to issue debt and recapitalise their banking systems. Banks could help them in that process by becoming primary dealers, develop a ‘risk free’ yield curve and simultaneously establish onshore derivatives capabilities. Such actions would secure important trust and recognition from public officials in those jurisdictions and help local institutions address