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