All risk, no reward

Don't be fooled by tight spreads in emerging markets, warns Amy Falls. Just because you're not being paid to take on risk doesn't mean there isn't any

Morgan Stanley recently hosted a conference entitled Thriving with Risk. Having been asked to make concluding remarks, I found myself in the unusual position of summing up the thoughts of a host of high-powered, intelligent and, incidentally, predominantly female speakers. The one thing we all knew was that we weren't getting paid for risk, particularly credit risk.

But this is nothing new. Investors, economists, strategists and even journalists have been fretting about collapsed risk premia and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here