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Risk South Africa: more transparency needed to end crisis

Government programmes aimed at ending the global financial crisis require greater transparency to shore up investor confidence, said Robert McAdie, global head of credit strategy at Barclays Capital.

Speaking at the Risk South Africa conference in Cape Town yesterday, McAdie said events such as the bankruptcy of Lehman Brothers had proven the interdependence of the global financial system. This, along with a transferral of credit risk from the private to the public sector, meant governments and public institutions with different objectives would have to co-operate to stem the fallout.

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