EBRD official warns on rise of risky forex credits

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Series Details 20.1.10
Publication Date 20/01/2010
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Potentially risky foreign exchange credits are 'on the rise again', making a new joined-up system of rules vital, a senior official at the European Bank for Reconstruction and Development warned on the 19 January 2010.

Piroska Nagy, senior advisor to the EBRD’s chief economist, told the FT that governments and financial watchdogs must coordinate efforts to regulate foreign currency lending in central and eastern Europe.

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http://www.ebrd.com/pages/news/features/crisis.shtml http://www.ebrd.com/pages/news/features/crisis.shtml

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