Bond financing is often not the first choice for domestic firms when financing their business. To make my point clear, I am not proposing that Asian corporates should rely on market-financing over bank-financing, as is the case in some other countries.
It is imperative that market players and regulators reflect on reviewing risk management practices. I am therefore confident that the local experiences to be shared tonight and the international experiences to be gleaned will only serve to enrich this discourse. The Central Bank, can share the perspectives on Risk Management from a regulator’s viewpoint.