UK nationalised banks will become more risk-averse
LONDON - The nationalisation of banks around the globe will have far-reaching effects on lending and risk management practices, according to industry experts. "It is very simple: we are in a new world," says Philippe Carrel, executive vice-president of risk management at Thomson Reuters. "The fact that you see governments taking equities in banks is a sign of a shift in power and control beyond the immediate impact of the financial rescue plan."
It became evident the UK government will intervene
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