Overpriced sovereign debt could be the next burst bubble,
according to Hong Kongs top regulator, Martin
Speaking at a lunch organised by the American Chamber of
Commerce (AmCham), Wheatley, the CEO of the Securities and
Futures Commission, warned that even risk-aware investors could
still get caught out.
A particular type of risk [relating
to the financial crisis] is better understood, but the way the
world reacted to Dubai last week suggests that pricing of
sovereign risk is not right, he said. Sovereign
debt might not be the best trade as...