Emerging markets’ impending risks: private sector debt and dollar liabilities
The Great Recession held a silver lining for EM where cheap dollar loans financed investments. Unfortunately, that silver lining could actually be clouds gathering for the next storm. As the global economy enters a new period of uncertainty and as the Fed is expected to slowly raise interest rates, dollar liabilities of struggling EM corporations may hint at bigger troubles to come.
Celent, a leading research and consulting firm focused on the application of information technology in the global financial service industry, has awarded Prometeia the XCelent Technology and XCelent Customer Base awards in their 2016 European wealth management front office vendor evaluation.