Unexpected consequences of a pharaonic project
At a time when new regulations are in the process of redefining the banking and financial landscapes, it is worth paying attention to the unexpected secondary effects of these new pharaonic projects.
- The banks must now hold risk-free securities. This is creating demand for sovereign debt similar to that from
- The real economy is turning to new players for financing. This is de facto creating a new asset class, loans, for institutional investors
- Little affected by these regulatory changes, specialists asset managers have an important role to play by accompanying
players impacted by these new measures
Performance issue 14 – May 2014
Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.