Dalla, Ismail, 2003, Harmonization of Bond Market Rules and Regulations in Selected APEC Economies, (Manila: Asian Development Bank).
Eichengreen, Barry, 2001, “Hanging Together? On Monetary and Financial Cooperation in Asia” (unpublished; [city]: [institution].
Fabella, Raul, and Srinivasa Madhur, 2003, Bond Market Development in East Asia: Issues and Challenges, (Manila: Asian Development Bank).
Harwood, Alison, Robert E. Litan, and Michael Pomerleano, 1999, “Financial Markets and Development,” Brookings Institution, Washington.
Hoekman, Bernard, and Aaditya Mattoo, 2002, “Financial Services and the GATS,” paper presented at a conference on “Further Liberalization of Global Financial Services Markets?” Institute for International Economics, Washington.
International Monetary Fund, 2004, “IMF Staff Note on Basel II,” available on the Web at www.imf.org/external/np/mfd/2004/eng/042304.htm.
Appendix II.1. Key Financial Market Indicators
Appendix II.2. Regulations on Cross-Border Portfolio Investments in Selected Asian Countries
Appendix II.3. Implementing Basel II: Asia’s Intentions
Appendix II.4. Regional Compliance with Standards and Codes
Appendix II.5. Asian Regional Policy Forums
Appendix II.6. FSAP and ROSC Participation by Region
Prepared by Brian Bell, Mali Chivakul, Hemant Shah, Leslie Teo, and Yuji Yokoburi.
Instead of quantitative limits, trustees may invest in a security if it is one that would be bought by a prudent man of discretion and intelligence, who is seeking a reasonable income and preservation of capital.
This section is based on available data from formal standards and codes assessments (see Appendix II.4 for details) as well as other work done by the IMF and World Bank in Asian countries.
For the purposes of this appendix, developed Asia includes Hong Kong, SAR, Japan, Korea, New Zealand and Singapore (all countries or a subset of countries, depending on data availability of each standard). Developing Asia includes Bangladesh, India, Indonesia, the Philippines, Sri Lanka and Thailand. All assessments were done in FSAPs except those for Indonesia and Thailand.