In his most detailed interview since the collapse of Lehman Brothers in mid-September, Trichet calls upon the top management of commercial banks to “recognise that they are operating in an environment in which a lot of the fundamental risks to liquidity and solvency have been addressed.”
As the global economic recession intensifies, banks in Asia are well-positioned to weather increasingly negative credit trends.
Secondary bond markets are hopelessly illiquid.
An atlas of banks country-by-country (approx.
The closing weeks of 2008 brought encouraging signs that this Asian crisis might not be as bad as the last one.
Growing oil and gas revenue has given less impetus to the creation of a more advanced private sector.
The global financial crisis has taken hold in the region, leading to a drastic slowdown in traditional capital-raising.
It is not only baguettes that France gifted to Algeria.
Newly peaceful, liberalized Algeria is an attractive prospect for Middle Eastern and European investors.
Access to debt refinance has all but dried up for corporate treasurers.
A tumbling blade has to land some time.
The market is growing fast in Muslim countries and among Muslim communities.
Beloved by the international markets for her professionalism and by most compatriots for her reformist zeal, Mulyani Indrawati is battling with those who prefer things done the old way.
Data from the Islamic Finance Information Service indicate that rapid growth of Shariah-compliant banking comes mostly from a low base.
Long sheltered from the credit crunch, sovereign, supranational and agency spreads have ballooned in the wake of the introduction of government-guaranteed bank debt.
Banks in emerging markets appeared to have escaped the worst of the financial crisis.
Fails to deliver in the US equity market have exacerbated the sharp declines in share prices of financials.
As credit and equity markets crashed again in November, mounting problems in the US government bond markets went almost unnoticed.