How healthy is the Asian financial sector?

In light of the recent collapse of Silicon Valley Bank and the troubles at Credit Suisse, investors are wondering if the contagion would spread to Asian banks and the financial services sector. We spoke to Peter Monson, Senior Portfolio Manager, Asia ex-Japan equity team at Nikko Asset Management, to understand the impact of the bank failures on the Asian financial sector. Monson talks about how the situation is different compared to the 2008 Global Financial Crisis and the Asian Financial Crisis of the 90s, the differences between banks in Asia and the US and Europe, the impact of rising interest rates and the helplines available for Asian banks.