Re-pricing of risks in international and local financial markets Those of you who were able to attend our function last year will recall that the assessment at the time was that of increasing confidence about the gradual “healing” of the global economy and financial system, and the reduction in “tail risks” that had unsettled markets for the previous two years.
These improvements were at the time largely attributable to the drastic policy actions undertaken on an on-going basis by the world’s major central banks.