The article reports on the claims of analysts from ratings agency Fitch Ratings Ltd. who have predicted that nearly all banks in the Asia Pacific will support a failing financial institution, highlighting the importance to their domestic economies. The agency's study found 3% of corporate default rate of financial institutions in the region between 1990 and 2012 but sees around 7% after five years. Fitch also adds that 16% of their balance sheets are from global wholesale funding market.
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