It ain't broke


It is bittersweet to be writing this letter for the final time, especially with so many of this market’s problems still unresolved. As I prepare to hand over the editorship of Credit to Rob Davies, previously European editor of our sister publication, Risk magazine, liquidity and accounting standards, derivatives regulation and the future of securitisation – these crucial areas and more are yet to be settled. There are things to celebrate: while bank loans may have become much harder to access,

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