Firstly, the global economic crisis cannot be easily surmounted without the contribution of Asia, especially the East Asian economy. In other words, the East Asian economy is becoming more responsible for world economic development, as the weight of  4  BIS Review 129/2010  the East Asian economy in the world economy increases.
First and foremost, it is certainly the banks’ responsibility to fulfil these criteria. It is the responsibility of regulators, however, to put in place a stable regulatory framework. Nevertheless, in designing such a framework they have to look beyond the individual bank.