Workshop on Banking Supervision

Abstract

If there is one good upshot of the current crisis, it is that it highlighted the urgent need for strong financial systems in Asia. Indeed, it had been argued that the Asian crisis fundamentally stemmed from policies that encouraged imprudent lending and excessive risk-taking that made East Asian financial sectors susceptible to adverse shocks. The post-crisis era will see the emergence of a new Asian financial structure that mitigates financial systems' vulnerability. In this new structure, a much improved bank supervision and regulatory framework