8  BIS Review 47/2005  b. Allow bank holding companies to engage in insurance agency activities (Alternative to Item 13.a.) Alternative amendment would allow all bank holding companies, including those that have not elected to become financial holding companies, to act as agent in the sale of insurance.
One way to look more concretely at this issue is to estimate an equation for the growth for emerging Asia ex. China that separately controls for the effects of Chinese growth and advanced-economy growth.