An Indonesian trader on the trading floor of the Indonesia Stock Exchange in Jakarta on Oct 8, 2008. Indonesia's benchmark stock index had plunged 10 per cent that day on fears about the global financial crisis, prompting officials to halt trading. Photo: AP
Opinion
Opinion
The View
Have banks learned anything from the world financial crisis 10 years ago?
The best preparation against catastrophe is tough regulation, enforcement and equity protection. Markets may be self-correcting and clearing, but bad regulatory policies are not.
An Indonesian trader on the trading floor of the Indonesia Stock Exchange in Jakarta on Oct 8, 2008. Indonesia's benchmark stock index had plunged 10 per cent that day on fears about the global financial crisis, prompting officials to halt trading. Photo: AP