Scorched credit

Cover Story

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The degree and length of the contraction phase in the global structured credit market looks set to be determined by the severity of write-offs to be announced by international financial institutions and Asia's big regional banks in coming weeks.

In Asia's credit market - once described as a "virtual wasteland" by a top hedge fund manager - the pain may not be as great as elsewhere. A revival of the market is forecast by many in the second half of 2008, and with it, the adoption of basic, less gea

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