Risk South Africa: more transparency needed to end crisis

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.

As a result, cross-border politics would be critical to addressing the downturn, he added - something that di

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