Credit Risk and Credit Access in Asia
The sheer volume of debt hanging over Asian companies suggests that corporate insolvency should remain a top policy concern. This conference proceedings presents reports from each country on the trends and developments in debt and credit risk since the 1997-1998 Asian financial crisis. It also includes overview papers that examine the problem in a wider context. These papers suggest that risk management practices, legal systems, liquidation and recovery, and institutional infrastructure and capacity all require additional attention.
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Trends and Developments in Insolvency Systems and Risk Management: The Experience of Chinese Taipei
This report has two parts: the first provides an update on recent developments in Chinese Taipei RTC and the speedy resolution of the NPL problem; the second part of this report describes the Procomp fraud case and the government’s answer to it in the form of partial amendments to the Securities Transaction Law and the Commercial Accounting Law. Some controversies surrounding these amendments will also be discussed briefly.
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