Unleashing Asia’s demons

There is no doubt that the Basel Committee on Banking Supervision means well. But the Switzerland-based group’s new proposals to overhaul its 1988 Capital Accord are leaving many of Asia’s bankers feeling flummoxed.

Asia’s banks are only now slowly emerging from the economic crisis that ravaged the region between 1997–98. Many smaller institutions, still weighed down by crippling debt levels and high funding costs, are struggling to implement vast restructuring programmes. But the publication

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