Oliver Wyman's Perspective on the Asian Financial System

I'm struck that our conversations focused on the US and Europe and it's left out that huge chunk, which is Asia. Are they learning anything from this and trying to do it differently? Or should we be thinking about the opportunities set there as investors? Going back into 2008, I always found it fascinating that for the West, a bank crime was a surprise. However, if you take the IMF database since 1972, I think it's been 170-ish systemic banking crises around the world. We don't learn from the emerging markets. But in our lifetime, of course, we have had in Korea and Indonesia and beyond major banking panics. As a result, their kind of FX mismatch

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