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Opinion

Broaden valuation options

In the same way credit risk managers used to question how a loan would be repaid if the primary means of payment were to fail, so banks ought to ask if there is another way to value structured credit investments if market liquidity were to dry up, argues…

Column: Nigel Sillis

The structured products that were once viewed as the F1 cars of the financial world - complex, efficient, high-performance - are now looking more like exhibits from Wacky Races

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