Emeritus Prof Christopher MayFinancial crisis ahoy....
As John Plender (FT) concludes:
'the IMF has argued that the rapid growth of private credit, coupled with increasing competition from banks on large deals & pressure to deploy capital, may lead to a deterioration in pricing & non-pricing terms, including lower underwriting standards & weakened covenants, raising the risk of credit losses in the future. No prizes for guessing where the next financial crisis will emerge from'.
Just so you know....
TC Won't Give In To Lies