West failed to learn lessons from Asian Financial Crisis

‘Hard fought’ battles expected ahead over scale and scope of new financial regulation

hong-kong-convention-centre

Western policy-makers failed to take sufficient action to reform financial regulations following the Asian Financial Crisis and the near-collapse of Long-Term Capital Management in 1997 and 1998, according to senior policy-makers attending the Asian Financial Forum in Hong Kong in January. This Western stance of doing very little post-1998 contrasted with the tough measures introduced in many Asian economies more than a decade ago.

Malaysia’s minister of finance II, Ahmad Husni Hanadzlah, summed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here