准备四月份的雅思考试可以从现在做起，那么有哪些阅读素材参考呢?这是不少出国人士比较关心的问题，和出国留学网一起来看看2018年4月份雅思阅读模拟素材:bank exposures!欢迎阅读。
2018年4月份雅思阅读模拟素材:bank exposures
Unlike in 2008, banks' exposures are there for all to see
THERE are worrying similarities between 2008 and today as indicators point to another interbank lending freeze. But there also some important differences: credit bubbles are deflated, housing prices adjusted, private debt reduced and, last but not least, banks have started to deleverage their balance sheets, mainly by strengthening their capital and reserves; even in Europe, banks have increased their capital by more than 20% on average since Lehman.
However, the decisive difference is with regard to the distribution and probability of expected losses, resulting in 2008 mainly from housing loans but today from government debt.
In 2008, losses resulting from the subprime and securitisation debacle were a done deal; there was (and still is) no quick remedy to revive the housing market. But what was unclear was the exposure of each bank to these toxic assets, especially as exposure came not in plain vanilla but in wrapped and structured style. Governments’ task was to make sure that banks could wi...