Indonesia's banks were hit particularly hard during the 1998 Asian financial crisis, but they have made a strong recovery and now rank higher than their Association of South-east Asian Nations neighbours in terms of return on capital.
New York's Department for Financial Services' recent intervention in Standard Chartered's affairs in Iran were intended to show the city's might as a financial centre. However, this action may well have the opposite effect to that which was desired, and play directly into China's hands.