Swedish Plan to Expose Banks' Sovereign Debt Risk Gets EBA Help

Swedish Plan to Expose Banks' Sovereign Debt Risk Gets EBA Help
The London-based European Banking Authority says it will help come up with the best guides for modeling sovereign debt risks. At the same time, the EBA says Sweden's chosen approach, internal ratings models, won't work in the long term for lack of data.
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A Step Forward For Sovereign Debt
In September, the United Nations took a big step toward filling the void, approving a set of principles for sovereign-debt restructuring. The nine precepts – namely, a sovereign's right to initiate a debt restructuring, sovereign immunity, equitable …
Read more on Social Europe

A Step Forward for Sovereign Debt By Joseph E. Stiglitz
In September, the United Nations took a big step toward filling the void, approving a set of principles for sovereign-debt restructuring. The nine precepts – namely, a sovereign's right to initiate a debt restructuring, sovereign immunity, equitable …
Read more on Naija247news

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