Regulators and accumulators

Asian economies have suffered less from the global financial downturn than they did during the regional crisis of 1997. Risk levels are now lower, while the money that has been accumulated after more than 10 years of extraordinary wealth creation is back

anthony-neoh-and-alexa-lam

“The current crisis differs because it is more global,” said Amit Agarwal, director, head of rates structuring for Asia Pacific at Barclays Capital, speaking at the end of the first session of the Structured Products Asia conference held in the Island Shangri-la in Hong Kong on October 5. “There was a higher rate of default during the 1997 Asian financial crisis, driven by Asian financials and Asian corporates.”

The clearest sign of the re-emergence of the wealthy comes from an unexpected source

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