The study aims to examine the following issues: (i) evolution and causes of the Asian financial crisis; (ii) general approaches to cope with the crisis; (iii) theoretical considerations of the process and strategy of bank restructuring; (iv) country specific experiences of bank restructuring and techniques; (v) bank restructuring and policy reforms of selected SEACEN countries (Indonesia Korea Malaysiathe Philippines and Thailand); and (iv) cost of financial crisis bank restructuring and their allocations.