The Emerging Markets Research department of the J P Morgan Securities firm focuses on the Baninter crisis and pinpoints what it calls a failure to clarify the banking crisis risks are compounding the vulnerabilities. ?We remain concerned about the continued lack of transparency, and the fact that the government was caught unawares by the magnitude of the Baninter scandal ? anecdotal evidence suggests that confidence in the rest of the banking system remains robust, but the poor data flow makes it hard to be sure that the problems were effectively ring-fenced.?
For the entire commentary on the Dominican Republic published in the ?Emerging Markets Today? report dated 16 May, see pages 8-9.
The JP Morgan Securities firm brought the Dominican Republic?s 2001 US$500 million and 2002 US$600 million bonds to market. See
http://www.dr1.com/news/2003/052003_JPMorgan.pdf
(1.5MB)