Regulators Struggle to Anticipate Problems
October 11, 2007
AsianInvestor
Arthur Mitchell
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If Yogi Berra were analyzing the state of play in today's world financial markets, he might conclude that its déjà vu all over again. The Asian financial crisis in 1997, which started in Thailand, spread quickly to many of the countries in the region. In 2007, the subprime loan crisis in the United States threatens credit markets around the world. But the architecture of the global financial system is quite different today.
In this article, the former general counsel at the ADB muses on the challenges for Japanese and American regulators post-subprime.
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