For example, large loans to firms producing agricultural products no longer qualify. Also, banks are now required to meet their targets at the end of every quarter, rather than at the end of the year, which reduces the scope for window-dressing with short-term end-of-year credit.
Of course, there were also vulnerabilities in economic development models, foreign debt management as well as institutional arrangements of the East Asian countries. Sweeping structural reforms on the corporate and financial sectors were launched in the wake of the crisis, social security systems were improved, and education and healthcare systems reformed. However, it takes time for these efforts to take effect.