Podcast - The Impact of the European Sovereign Debt Crisis

Executive Summary

Over recent weeks we have received a number of questions in relation to the European sovereign debt crisis and the likely impact on Swiss Re, AXA, Lloyds/HBOS and Rabobank.

Justin McCarthy and Brad Newcombe from the FIIG Securities Ltd research team have addressed these questions and dissected the issues. This discussion that took place on 8 December 2010 is now available for download as a podcast and covers the following topics:

• Exposure of all four companies to debt problems in the so–called PIIGS (Portugal, Ireland, Italy, Greece and Spain)
• Probability of call risk
• Impact of the proposed AMP takeover of AXA Asia Pacific
• Implications of Swiss Re’s early repayment of the Berkshire Hathaway CHF3bn convertible
• General market overview and other considerations

Disclaimer

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