The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Rhodes on risk and reform

Author: Peter Lee

    Last month Euromoneytalked to William Rhodes, vice-chairman of Citigroup and Citibank and a veteran of emerging-markets crisis resolution since 1982, during a brief stop in London.

Rhodes is a friend of finance ministers and central bank governors across Latin America, Asia and central and eastern Europe and offers his views on the progress of financial reform in key emerging markets, identifies the world's trouble spots and pitches into the debates on burden-sharing and the new financial architecture that have raged in recent months.

Could you identify some of the issues that investors have expressed concern about recently?

Obviously the change of government in Argentina, how things are coming along in Asia, and the state of the US economy. The US economy has been the motor for growth in emerging markets. There was a time after 1997 when everyone thought high growth in Japan was essential to pull Asia through. In fact, the US provided that. There are some people who are still concerned about Japan because it is not clear that the consumer is back yet, and there is a need to finalize the restructuring of Japan's financial sector.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree