The Asian Development Bank Institute (ADBI) recently released its policy recommendations for Designing New and Balanced Financial Market Structures in Post-crisis Asia. I am happy that Mr. Yoshitomi will share the recommendations later this afternoon. The theme for the Deputy Governors Meeting at the Bank for International Settlements (BIS) last December was Development of Debt Markets in Emerging Economies.
Where disparities are identified, however, national supervisors of outlier banks should be called upon to explain the results to their fellow supervisors, as well as steps they are taking to address situations in which differences may arise from systematic underestimation of risk or manipulation of capital ratios to achieve desired outcomes.