Investors may have a nervous eye on Asia after the subprime crisis tore through the United States and Europe, but while the region's banks will see losses on risky investments, they won't be facing doomsday.
Investors have punished Asian financial stocks, concerned that somewhere in the region a big bank may be at the edge of collapse. Yet lenders are unlikely to be lacerated by the losses that hit UBS AG, Bear Stearns, Merrill Lynch & Co and others, analysts say.
Investments related to troubled U.S. housing loans have cost global financial institutions as much as $215 billion as of December, but less than 7 percent of that has come in Asia, according to estimates by Japan's regulatory Financial Services Agency.

Full story: guardian.co.uk