Asia can do with a booster shot for its Covid-19-hit financial system

Regional cooperation is needed to strengthen resilience across a wide range of areas, from banking risks to raising funds for climate-related projects

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Covid-19 has battered, bent and reshaped many things in its wake. Asia's financial system has not been spared either.

The pandemic has exposed its structural weaknesses. The good thing is that the shortcomings spotlighted are an opportunity for all to step up efforts to collectively tackle them. This call to action applies to members of Asean+3 (Asean's 10 members plus China, Japan and South Korea).

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A version of this article appeared in the print edition of The Straits Times on November 23, 2021, with the headline Asia can do with a booster shot for its Covid-19-hit financial system. Subscribe