'Keep it simple' says Hong Kong's Yam

First, the scope of credit acceptable to the central banks as investors need to be enlarged, while addressing the problem of inadequate credit quality through credit enhancement or guarantee arrangements. Second, bank assets needed to be securitised.

"We favour simple products that can be readily understood not just by simple-minded central bankers but also by the not-so-sophisticated investors in the region", Yam said.

Read Yam's speech

here