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2018-04-27

Banks today are much better capitalised than before, and much of the risky lending is now occurring in the non-bank world

Just a few days ago the IMF warned about the risks of overheating in risky loan and bonds markets. 

“Signs of late cycle credit dynamics are already emerging in the leveraged loan market,” the IMF Global Financial Stability Report observes, noting that “in some cases, [this is] reminiscent of past episodes of investor excesses”.




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