International Banking: Risks and Rewards
The Economist magazine offers a comprehensive special report on international banking in its May 19th-25th issue. 
Much of the “Risk and Reward” report and an associated leader column looks at the ways in which investment risks have been transformed and transferred in ways that make it more difficult to identify and quantify. As regulators have focused their attention on the health of banks, “they have shunted problems into the less supervised realms of the financial system, such as the pensions industry,” the Economist writes in the leader.
“If pension fund trustees, with less experience than banks in judging credit risk, have allowed the wrong investments, the consequences would be grave indeed.”
For non-subscribers, the full 18-page survey can be purchased as a PDF by clicking the “offer to readers” link here.
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