Quotes of the month

“Whenever there is a lot of clamour and controversy around sovereign debt relief from official creditors, if history is any guide, they then become very reluctant for new lending afterwards” 

Reza Baqir, head of sovereign debt advisory at Alvarez & Marsal, warns that new lending could become scarcer as sovereign difficulties worsen

Peter Phelan, chair of the Arrc and chief administrative officer of Citi’s institutional clients’ group, says that there are lessons to be learned from Libor’s trajectory

Tim Flynn, chief executive of European alternatives manager Hayfin, sees opportunity in the current credit market conditions 

Sriram Muthukrishnan, group head of global transaction services product management at DBS Bank, explains how the pandemic transformed his business