Asia 'must adjust for new financial regulation'
The global financial landscape is changing, largely thanks to tighter regulations coming out of the US and Europe.
Rules such as the Dodd-Frank Act, which includes restrictions on banks' riskier activities, and Basel III, which requires banks to hold a minimum level of capital in order to withstand any losses, are set to impact Asia.
But many analysts argue that a one-size-fits-all approach will not work in the region, given it has many capital markets at different stages of development.
Paul Smith, Asia-Pacific managing director at the CFA Institute in Hong Kong, said the region has to adjust and the best it can hope for is that China can lead Asia in terms of being able to push back against some of this regulation.