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Executive Comment: Innovation And Transparency Key To Shaping Asian Financial Landscape Nov 08 Product Image

Executive Comment: Innovation And Transparency Key To Shaping Asian Financial Landscape Nov 08

  • ID: 1886414
  • November 2008
  • Region: Asia
  • Standard & Poors

FEATURED COMPANIES

  • Indonesia (Republic of)
  • Korea (Republic of)
  • Malaysia
  • Thailand (Kingdom of)
  • MORE

Abstract
Asia's rapid growth requires that its financial systems develop the capacity and efficiency to service its needs. This can only happen when global standards and practices are brought to local capabilities and institutions in a continuous process of learning and adapting. The experiences of mature markets reveal both the gains from innovation and the risks of taking it beyond its limits. There are three key attributes common to all good financial systems. One, the efficient pricing of the two "commodities" that are traded in financial markets--time and risk. The second is transparency; all investors can access information. The third attribute is the maintenance of minimum standards of prudence to protect all participants from inevitable shocks. There is no doubt that...

Companies mentioned in this report are:
- Japan (Unsolicited Ratings)
- Hong Kong (Special Administrative Region)
- Malaysia
- Thailand (Kingdom of)
- Korea (Republic of)
- Singapore (Republic of) (Unsolicited Ratings)
- Taiwan (Republic of China) (Unsolicited Ratings)
- India (Republic of) (Unsolicited Ratings)
- China (People's Republic of )
- Indonesia (Republic of)
- READ MORE >

Note: Product cover images may vary from those shown

- Japan (Unsolicited Ratings)
- Hong Kong (Special Administrative Region)
- Malaysia
- Thailand (Kingdom of)
- Korea (Republic of)
- Singapore (Republic of) (Unsolicited Ratings)
- Taiwan (Republic of China) (Unsolicited Ratings)
- India (Republic of) (Unsolicited Ratings)
- China (People's Republic of )
- Indonesia (Republic of)
- Philippines (Republic of the)
- Vietnam (Socialist Republic of)

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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