Risk manager airs credit-crunch fears
The head of credit risk at an investment bank argues financial institutions in Asia will not be immune to the subprime fallout.
The following represents only a single view, and not that of this publication. It is the view of the head of credit risk at an investment bank in Hong Kong û one who believes his senior executives donÆt want to take heed of him, possibly because their bank is exposed to the current credit crunch. This account has been edited.
My evaluation of the subprime mess starts with the premise of the Chaos Theory, which relates to the interconnectedness of...
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