No Silver Bullet Measuring Return on Investment in Risk Systems
Five years after the financial crisis first emerged in an obscure corner of the US mortgage market, there are few signs of a sustained recovery. Despite unprecedented action from governments and central banks, economies around the world are in a fragile state. The eurozone crisis remains unresolved, and banks continue to come under severe funding pressure. This has encouraged many to cut back their international exposures, particularly in emerging markets. Even fast-growing BRIC economies
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