In reflecting on the options faced by the Asian countries, it is useful to look at the debate in industrialized countries, where the focus has largely been on three broad sets of options. These are: (1)  Measures for fiscal consolidation in the period before the full impact of ageing commences, thus improving the base level of national savings and public debt.
The resolution and restructuring process is well under way, as evidenced by the following facts and data: •  So far, the resolution framework has been used to resolve seven banks – four commercial banks and three cooperative banks.