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(From The Moscow Times)
Bankers don't think alike after all.
Amid a worldwide banking crunch, Russian bankers and their counterparts abroad view liquidity shortage as their biggest risk, according to a new report by PricewaterhouseCoopers.
But the similarities stop there, with the Russians ranking other main risks differently from the rest of the world.
Russian bankers are more concerned about equity risks and interest rate risks than their foreign colleagues, who ranked credit risks and the widening of the credit spread higher, according to the report, which surveyed 376 banks, including 25 medium-size and large banks in Russia. Half of the banks were in Britain.
"In general, Russian banks emphasized market risks and were less concerned about the quality of risk management and regulation," said Chris Barrett, head of PwC's financial services department for Central and Eastern Europe.
Russians' increasing appetite for loans, and a ...