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Credit Risk and Credit Access in Asia

image of 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.

English

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Trends and Developments in Insolvency Systems: The Singapore Experience

Singapore has an extensive and generally effective arsenal of insolvency regimes to deal with corporate and personal insolvencies. There has been commendable development in its insolvency jurisprudence in recent years, resulting in the main from the large number of corporate insolvencies brought about by the fallout of the Asian economic crisis of the late 1990s.

English

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