From the Pacific Exchange Blog
In the third episode of our series on financial technology, we sat down with Shuhei Aoki, Executive Strategist at Hitachi. We invited Shuhei to speak with us about the reason non-financial companies are getting involved in FinTech and how the space is impacting Asia and places like Hitachi’s home market of Japan.
A San Francisco Fed review indicates the Asia-Pacific’s 75 major banks are well positioned to meet Basel III minimum standards for implementation in 2019. The strong position of Asian banks can be attributed to the build-up of capital and liquidity buffers after the Asian Financial Crisis of 1997-8, as well as less reliance on leverage and hybrid capital instruments than their western counterparts. The end result is both higher levels and quality of capital.
In the second episode of our series on financial technology, we sat down with Sacha Polverini, a Senior Program Officer at the Bill and Melinda Gates Foundation. We invited Sacha to speak with us about the challenge of financial inclusion in Asia and how fintech can make a difference.
This Asia Focus outlines the history of financial and banking reforms in Taiwan, analyzes problems that developed in the banking sector after liberalization, and evaluates current initiatives by regulators to address those problems.