The future of ﬁ nance in Asia
Our ﬁ nal chapter turns from the present to a brief guess as to Asia’s ﬁ nancial future. How might its possible outcomes compare in ﬁ ve or ten years with ﬁ nancial system architecture and operations in the rest of the world? Will ﬁ nance in Asia continue to differ in style and structure both within the region and from other states, or undergo a convergence in its commercial behaviour, tolerance for risk, and the institutional basis of activity? How will future Asian ﬁ nance compare with the Anglo-American model of ﬁ nancial capitalism that for a generation until 2007-8 dominated the growth of innovation and transaction volumes in global intermediation?