ANVF 2023: Financial stability: The recent turmoil and lessons for Asia

As the world emerges from the pandemic, financial markets remain volatile. Countries adopted different strategies in response during the pandemic, leading to significant divergence in policy exits and recovery progress. In developed countries such as the US and Europe, rapid interest rate hikes to tackle inflation have exposed weaknesses in some banks' risk management, leading to a liquidity crisis. Emerging markets, on the other hand, face challenges such as weakened external demand, capital outflows, and market volatility. Strengthening macroprudential and financial regulatory oversight has become a consensus. What lessons can Asian economies draw from this? What adjustments should they make to address potential risks?
Speakers:
− Andrew Sheng, Distinguished Fellow, Asia Global Institute, University of Hong Kong
− Lee Jih-chu, Vice Chairman, Taiwan Shin Kong Commercial Bank; Former Chairman, Bank of Taiwan
− Levin Wang, Chief Executive Officer, Huatai Financial Holdings (Hong Kong)
− Tan Su Shan, Managing Director, Group Head of Institutional Banking, DBS Group
Moderator: John Thornton, Executive Chairman, Barrick Gold; Co-chair of the Board of Trustees of the Asia Society