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Periodic Essay
Burma – paving the road to a modern banking system
This Asia Focus report provides a historical background of Burmese banking crises, analyzes recent and upcoming regulatory reforms, and evaluates hurdles to the development of a modern banking system.
Periodic Essay
Challenges in global finance: the role of Asia
On June 11-12, 2012, the Federal Reserve Bank of San Francisco (FRBSF) held its fifth Conference on Asian Banking and Finance in San Francisco, entitled "Challenges in Global Finance: The Role of Asia." Conference participants discussed how the ongoing economic and financial uncertainties in Europe will impact the Asian economies, banking sectors and trade flows; and how Asian banks and financial institutions themselves are addressing these issues. While the conference covered a wide range of topics, this Asia Focus summarizes underlying themes discussed over the two days.
Periodic Essay
Challenges in global finance: the role of Asia
On June 11-12, 2012, the Federal Reserve Bank of San Francisco (FRBSF) held its fifth Conference on Asian Banking and Finance in San Francisco, entitled ?Challenges in Global Finance: The Role of Asia.? Conference participants discussed how the ongoing economic and financial uncertainties in Europe will impact the Asian economies, banking sectors and trade flows; and how Asian banks and financial institutions themselves are addressing these issues.
Periodic Essay
Accounting regulatory architecture in Asia
Accounting regulatory regimes play a critical role in ensuring the reliability of financial data and the credibility of a company, and ultimately in supporting the stability of an economy. For the United States, the collapse of the Enron Corporation and the eruption of other financial statement related scandals a decade ago stand as clear reminders of the importance of reliable audit reviews and adequate regulatory oversight. These scandals led to the passage of the Sarbanes-Oxley Act of 2002 (Sarbanes- Oxley Act). This legislation created an independent accounting oversight board to ...