Survey shows more than third of APAC respondents predict large-scale bankruptcies

CFA Institute's latest global survey showed that 42 percent of Asia Pacific respondents predict large-scale bankruptcies, while 50 percent of APAC respondents expect that the crisis may induce growing unethical behavior in the investment management industry.

The survey was fielded to the CFA Institute’s global membership across all regions and jurisdictions where the organization has representation, which was sent on April 14 and closed on April 24, covering 13,278 respondents, including 300 from Hong Kong.

In Hong Kong, 38 percent of respondents expect large scale bankruptcies, 39 percent projects large scale consolidation of firms.

Unlike their global and APAC counterparts, respondents in Hong Kong did not think that an acceleration in operational automation was likely, the survey showed.