Spiralling debt

Cover story


Financial institutions in Asia, like their peers elsewhere, have been hit by new credit shocks from Europe and the US in the aftermath of the subprime lending problems that emerged in mid-2007. The latest bombshell is that highly rated monoline insurers - which have insured $125 billion of structured credit products, according to rating agency Standard & Poor's (S&P), as well as billions of dollars of US municipal bonds - face downgrades or even defaults (see box).

The latest developments are coi

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: