Whispers have been circulating around the Asian markets for much of this year, warning of a deep recession within the region over the coming 12 months. With the terror strike on the US in September and the resulting collapse of US consumer confidence, this now seems a distinct probability. Indeed, some worried bankers even talk about a potential crisis similar to that which rocked the region in 1997–98.
If the Asian crisis taught bankers anything, it is that credit risk is crucial in
The week on Risk.net, July 7-13, 2018Receive this by email