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Sovereign risk and the banks: The safety-net frays
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 394 no. 8669 (Feb. 2010)
,
page 67.
Topik:
European Union
;
Government
;
Banks
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.59
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
A SENIOR HSBC executive reminisces fondly about the day he was parachuted into Latin America, a decade or so ago, to help run a recently purchased but troubled local bank. As he arrived he passed people protesting against the acquisition, some of whom were being carried about in coffins. For a moment he wondered whether that would end up being his fate. Until recently bankers’ tales of derring-do during the Asian, Latin American and Russian debt crises were kept for after-dinner drinks. Now, many of these old emerging-markets hands are in high demand during the day, as banks and investors ponder the potential effects of the euro zone’s debt crisis. “Sovereign risk has supplanted regulatory risk as the primary focus of bank bondholders,” says Jonathan Glionna at Barclays Capital.
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