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Moody's Talks - Focus on Finance
Episode 73
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January 25, 2023
Emerging markets banks face foreign currency risks; shockwaves spread in crypto asset markets
Moody's analysts discuss crypto asset regulation, credit developments at Silvergate Bank and foreign currency fluctuation risks for emerging markets banks and Asia-Pacific financial institutions.
Speakers: Stephen Tu, VP – Senior Credit Officer, Moody’s Investors Service; Sadia Nabi, VP – Senior Analyst, Moody’s Investors Service; Eugene Tarzimanov, VP – Senior Credit Officer, Moody’s Investors Service; Jungmin Arlene Sohn, Analyst, Moody’s Investors Service
Hosts: Carolyn Henson, VP – Senior Research Writer, Moody’s Investors Service; Danielle Reed, VP – Senior Research Writer, Moody’s Investors Service
Related Research:
- Moody's downgrades Silvergate Bank's long term deposit rating to Ba1, outlook negative
- Financial Institutions – Global: Regulators' vigilance on cryptoasset risks, credit positive for banks, also has broader implications
- Banks - Emerging markets: Foreign-currency risk is acute for some banking systems
- Financial institutions – Asia-Pacific: Risks from local-currency depreciation are limited, except for some finance companies
