I I am delighted to have been given the opportunity of speaking to such a highly qualified audience at this major conference on capital regulation. If you see a banker jump out of the window, jump after him - there is sure to be profit in it, said Voltaire, the 18th century French philosopher.
Looking at the situation in South-East Asia, I am not entirely convinced that it would always be wise to follow Voltaire’s advice. Even if all banks do the same thing, that does not necessarily mean that it is appropriate.