24.05.2011 - S&P: Asia-Pacific banks well placed for any housing correction
Banks around the Asia-Pacific region appear well placed to withstand any moderation in house prices, reflecting prudent lending practices, tight regulations, and high household savings rates, according to a report published today by Standard & Poor's Ratings Services, titled "Could A House Price Correction Threaten Asia-Pacific Banks?". While house prices have escalated in many markets around the region in recent years, and there is scope for a correction in some "hot" areas, Standard & Poor's does not currently anticipate a deep, disruptive price correction for the region's residential property that could lead to systemic risk for Asia-Pacific's banks..............................................Full Article: Source
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