From Asian to Global Financial Crisis

Andrew Sheng is currently the Chief Adviser to the China Banking Regulatory Commission and a Board Member of the Qatar Financial Centre Regulatory Authority, Khazanah Malaysia Berhad and Sime Darby Berhad, Malaysia. He is also Adjunct Professor at the Graduate School of Economics and Management, Tsinghua University, Beijing, and at the Faculty of Economics and Administration at the University of Malaya, Kuala Lumpur. Professor Sheng was Chairman of the Securities and Futures Commission of Hong Kong from 1998 to 2005. A former central banker with Bank Negara Malaysia and Hong Kong Monetary Authority, between 2003 and 2005 he was Chairman of the Technical Committee of IOSCO, the Organization of Securities Commission, the standard setter for securities regulation. He is a columnist for Caijing Magazine, the largest and most widely read finance journal in China. He edited Bank Restructuring: Lessons from the 1980s (1996) and holds an honorary doctorate from the University of Bristol.

Introduction; 1. Things fall apart; 2. Japan and the Asian crisis; 3. The beam in our eyes; 4. Banking: the weakest link; 5. Washington consensus and the IMF; 6. Thailand: the karma of globalization; 7. South Korea: strong body, weak heart; 8. Malaysia: the country that went her own way; 9. Indonesia: from economic to political crisis; 10. Hong Kong: unusual times need unusual action; 11. China: rise of the dragon; 12. From crisis to integration; 13. The new world of financial engineering; 14. What's wrong with financial regulation?; 15. The global financial meltdown; 16. A crisis of governance; Appendices: From Asian to global crisis: chronology of notable events; Abbreviations and acronyms.