What do you see…
…institutional investors are once again beginning to fret about what might be lurking around the corner.
Here we are with the World Bank helping China issue SDR-denominated bonds. This is the real reason that this bond issue is happening at all.
SDR bonds create the market for SDRs generally and legitimate their use as a settlement currency in their own right.
William C. Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York, New York City spoke about “Reforming Culture and Behavior in the Financial Services Industry” as a imperative.