Banks over-exposed to single company risks, says S&P


ZURICH: Corporate blow-ups like Enron and Parmalat have done little to persuade some European banks to mend their ways in risk management, with many “exceedingly” exposed to single companies, Standard & Poor's (S&P) said. 

Likewise, many key Japanese banks still hold high levels of exposure to single corporate names, despite the fact that corporate failures in the recent past have dented the financial system, the ratings agency said in a new study on credit risk. 

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