France's Redouin on risks

In the speech 'Risks may be transferred, but they do not disappear!' given on 29 March Jean-Paul Redouin of the Bank of France said we should not forget that the current financial system is multidimensional and closely interlinked.

"It remains essentially an untested world in stress situations. History has shown that it is precisely in good times that the seeds of financial distress develop. In the present context of the desperate hunt for yield, risk transfer markets may encourage investors to

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