"The Asian banking system has done extremely well since the last crisis. Capital levels are high, reserve levels are high, they've been well provisioned, and there's a lot of liquidity.
"If you look at the Latin American banking system, that's the case as well. The US is in a completely different place than in 2008," he said. "The banking system as a whole has raised a lot of capital. Capital levels are quite high, liquidity levels are quite high, and reserves are high."
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