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    western methods of hiding risk

    Dear all,

    What does "western methods of hiding risk" underlined refer to?

    Thanks in advance.


    There have been some advantages in this. Chinese banks were not, in the main, exposed to toxic Western debt and, perhaps more importantly, never adopted dangerous Western methods of hiding risks. But China’s own approach presents these problems in a different form.

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    Re: western methods of hiding risk

    You'd need an economist to answer this in detail. The words themselves simply refer to the methods employed by financial institutions in the West (i.e. America and Europe) to conceal (from shareholders, auditors, etc) loans and investments that were likely to result in financial loss.

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