Getting the cycle to work


Old-fashioned credit risk is back on the agenda, and it looks set to ignite a battle for the soul of bank capital rules. A record number of defaults is expected this year - losses that will gobble up capital at the same time the deteriorating health of other companies requires capital levels to be raised. The fear is that many banks will not be able to cope, triggering a further round of bail-outs and stoking public anger. Unless something can be done beforehand, that is.

This magic 'something'

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...


You need to sign in to use this feature. If you don’t have a 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: