From the IMF/World Bank meetings in Lima to the Sibos conference in Singapore and at every banking industry meeting in between, one surprise topic has emerged at the very top of the agenda across financial services. It is not the slowdown in China, the worrying outlook for global growth, or the signs of mal-investment fuelled by quantitative easing from developed world central banks now unfolding in an emerging market financial meltdown that has bankers enthralled.
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