|Dear APABI members:
2022 was a year of challenges and opportunities. The pandemic recovery continued in most countries. Taiwan and China, two of the longest holdouts, abandoned the zero COVID policies they had upheld for two years.
At the same time, central banks are now hoping to mop up the excess liquidity from that period, which has already caused debt crises in the Asia Pacific region, and even the UK. The war on Ukraine has reminded us that geopolitical risk is never far from mind, and the unprecedented sanctions in response have reshaped global banking.
Climate change continues to be an issue of top concern, as massive floods have hammered Pakistan. Last month, COP 27 established a historic climate finance fund for losses and damages.
Finally, closer to home, APABI held its biennial physical meeting this year in Ulaanbaatar, Mongolia. We would like to once again thank the Banking and Finance Academy for doing a great job hosting the conference. We look forward to the next conference in 2024, hosted by the Indian Institute of Banking and Finance (IIBF). We will also host an online event next year for updates between the physical conferences. Further details will be available in the coming months.
We wish all members a fruitful and prosperous 2023!
Hank C.C. Huang
President, Taiwan Academy of Banking and Finance (TABF)