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Depending on the details, such a move could transfer risk to the state, which might be responsible if the utilities could not pay the bills.
The complex transactions enabled Monte dei Paschi to transfer risk to the other banks, generating both profit and losses.
All these factors have an important characteristic in common – they represent structural market barriers that transfer risk to financial actors holding RMB, especially offshore.
The proposed definition does not include the concept of "conduit affiliates" (in brief, non-US entities that may transfer risk to US affiliates through back-to-back swaps) and the extent to which their swaps would count toward dealing threshold levels.
This setup has long allowed Tokyo Electric to transfer risk to subcontractors and their poorly paid, poorly trained employees, endangering their health and undermining safety at Japan's 55 nuclear reactors, said Takeo Kinoshita, a labor expert at the Showa Women's University.
Meanwhile, any asset-purchase scheme, such as America's Public Private Investment Programme, should transfer risk to taxpayers "at a fair price".Hard to square that, however, with the decision of America's Financial Accounting Standards Board, announced as the G20 met, to give banks more flexibility in valuing assets.
Similar(50)
Like the barramundi, Arctic char take well to being grown in above-ground tanks that pose no disease transfer risks to wild populations.
We are now in the absurd position that the government, local authorities and health trusts are paying a hefty premium on their financing costs to transfer risks to banks that are under public control.
But true securitization is about transferring risk to others -- and Enron only appeared to be doing that, when in reality they were retaining the risk themselves".
He claimed "the Government has got much more adept at writing contracts and transferring risk to the private sector".
Bankers got rich — and are still rich — from transferring risk to taxpayers (and we still haven't seen clawbacks of executive pay at companies that were bailed out).
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Justyna Jupowicz-Kozak
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