More dangerous asset classes like equities have a higher capital charge, although sovereign debt handily retains its "risk-free" weighting (see chart).
Although sovereign borrowing was not a direct contributor to the crisis of 2008, it has since become the principal danger to the financial system.
Although sovereign funds began investing conservatively, the Barclays deal shows that they can provide an attractive source of funding for mergers and acquisitions.
Although sovereign debts can indeed by hard to enforce, the goal of this Essay is to demonstrate that law plays a central, and constantly evolving, role in structuring sovereign debt markets.
Although sovereign bonds are considered much safer than corporate bonds, the same combination of deep debts and a sluggish economy that can sink a company can also lead a country to default.
Moreover, the House of Commons limited its authorisation for royal collection of tonnage and poundage (two varieties of customs duties) to a period of one year, although previous sovereigns since Henry VI of England had been granted the right for life.
Although most sovereign debt sold since 2002 includes "collective-action clauses" (CACs), which make the terms of an exchange binding on all creditors if they are accepted by a big majority, few older securities contain them.
They also decided that no executive power existed over Australia, as although the sovereign monarch of Australia and the sovereign monarch of the United Kingdom are the same person, it had been accepted for a long time that the monarch acts in Australian matters on the advice of Australian ministers, and does not accept the advice of United Kingdom ministers in Australian matters at all.
He and his successors acted as fully independent sovereigns, although the king of France retained a theoretical lordship over Barcelona until 1258.
Theoretically, these are decisions taken by the sovereign (although, in fact, they are the prime minister's) which are therefore, amazingly, not subject to the scrutiny of Parliament.
