Fresh threat to ‘risk-free’ sovereign debt
Fresh signs of growing unease among international regulators over the "risk free" status of sovereign debt have emerged, as Europe's creaking financial system continued to pose challenges to reform of the region's financial regulations.
Paul Sharma, head of prudential policy division at the UK Financial Services Authority, told banking executives in a private briefing at the beginning of the month that there was growing support among international bodies for ditching the risk-free treatment of sovereign debt.
Sharma's comments on potential...
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