Paul PenroseFinextra - London
02 April 2008 | 3685 views | 0 | Recommends 0
"A few fundamental tenets of sound financial judgment appear to have been violated."
That's the typically understated view of the Bank for International Settlements, in its first official review of the havoc wreaked on the financial markets by wanton abuse of credit risk transfer instruments.
The central bankers bank first reviewed the ...
TagsRisk & regulationWholesale banking