23 February 2014
In a complete reversal from five years ago, when fund managers considered the emerging markets as “safe” and banks as “toxic”, EMs are now considered to be the biggest risk to financial market stability. According to the BofA Merrill Lynch Fund Manager Survey for February, 75% of respondents indicate EM risk as the greatest threat, while developed market counterparty and default risk is viewed as minimal.
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- Joy Macknight
- I am deputy editor at The Banker, a Financial Times publication. I joined the magazine in August 2015 as transaction banking and technology editor, which remain the beats I cover. Previously I was features editor at Profit & Loss, an FX and derivatives publication and events company. Before that I was editorial director of Treasury Today following a period as editor of gtnews.com. I also worked on Banking Technology, Computer Weekly, and IBM Computer Today. I have a BSc from the University of Victoria, Canada.