ISDA AGM - Michael Rees speech - Learning from crises

Michael Rees, chief executive, wholesale bank at Standard Chartered, addressed the Isda AGM on the financial lessons to be learned from the past 25 years


If we were sitting here in 1980 - by the way, that was 25 years ago - what would we be seeing? Here in Singapore, it was a period of adjustment. Southeast Asia had just emerged from the shadow of the Vietnam War, which ended in 1975, and Singapore was just making its inroad into electronics manufacturing.

In China, 1979 saw the first ever visit by a Chinese leader, vice-premier Deng Xiao Ping, to the US wearing a Maoist suit and a cowboy hat - a symbol of China reaching out to the West, after the

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