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Fixed exchange rates for the yuan and other Asian currencies and soaring foreign reserves in the region may spark a financial crisis such as the one in 1997-98 that brought recessions to six of the top 10 Asian economies, the Asian Development Bank said.
MALAYSIA will adopt a 2-phase approach towards the Basel II banking accord, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said
NATIONAL asset management company (AMC), Pengurusan Danaharta Nasional Bhd, has been hailed as one of the more successful AMCs in East Asia in a study by Bank for International Settlements (BIS).
LOCAL banks will be given more time to comply with the requirements of the Basel II banking accord, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said yesterday.
IN 2003, the major industrial countries continued to maintain accommodative monetary policies.