One of the great consequences of the recent global financial crisis is that, on any relative basis, Asia is stronger coming out of the crisis than it was going into it. The importance of Asia as a global market today is undeniable and while it was always important before, what a lot of people had been predicting has now crystallised.
Whether it's Asian equity accounting for a meaningful percentage of global issuance or Asian companies as global acquirers, these weren't a reality 10 years ago. Asia is today fulfilling what has long been hoped for, maybe not always in a straight line but the region has proven during the past 10 years to be incredibly...