By IANS
New Delhi : The recent sub-prime mortgage crisis has made limited impact in Asian markets, a senior official of Citi, a global banking and financial services group, said Wednesday.
“The sub-prime mortgage crisis has been limited in Asia, which actually shows its inherent strength and growth,” Robert Morse, managing director and CEO, Asia Pacific, markets and banking, Citi, said at Fortune Global Forum here.
“Leveraged finance in Asia continued through August and September on strong liquidity in local banks,” Morse said, adding that depreciation of the dollar has compelled them to hold onto non-dollar assets.
The Fortune Global Forum, which brings the world’s top industry leaders together, is being held in India for the first time.
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