Moreover, Indonesian banks are not immune from the problem of derivative products, and the scale being relatively smaller compared to several other developing countries, and significantly less than in developed countries. Meanwhile, some have expressed that our delay in integrating our financial sector with the global financial network is really a blessing in disguise, as it has saved us from more serious crisis fallout.
And whereas all of us understand transition in our own way, I for one believe that transition means entering a new system of economic, social and moral values, and that only those who understand what the new times bring, and who manage to adapt quickly, will at least avoid being transition losers, if they do not become transition winners – and this holds true for both individuals and institutions.