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    How could they not make money, given how fast wealth was growing in the region? There are now more than 6. At the billionaire level, the pace of growth is even higher — 55 billionaires were created last year in China, compared with 53 in the US. Cost-to-income ratios were high; hiring was costly, with managers moving regularly and taking assets with them; and many banks found their domestic models did not export well. And the result was that between and , many banks exited the region.
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    Whither the Private Maritime Security Companies of South and Southeast Asia? (Part 2)

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    This view shows the central business district skyline in Beijing, China. We may see more China-focused private equity funds flood the industry in the next few years. The private-equity industry in Asia has grown hugely in prominence in recent years. But it is twice the proportion of global assets that were focused on the region at the end of and four times the level seen in The growth in assets has largely stemmed from a meteoric rise in fundraising.
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    The Growing Prominence of Asian Private Equity

    This factor consists of and can be measured by both the desire and ability of governments to take on these challenges. This dynamic owes in part to several measures undertaken by regional governments beyond those development efforts aimed at removing the economic basis for crimes. What follows is not intended as an exhaustive catalogue, but an attempt to highlight some of the most illustrative examples. Alternately, governments can take direct action against criminals based in their territory as well as demonstrate their willingness to crack down on internal corruption feeding such crime. Governments can also work together, and with non-governmental organizations such as the IMB, in the fight against maritime crime.
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