European banks are able to control the subprime mortgage problems

Moody's Investors Service (Moody's Investors Service Inc.) Issued two special comment that the U.S. subprime mortgage market crisis on a large European bank to control or influence on European banks, small risk, and Asia Banks in this regard due to less investment and the impact is limited. Moody's expects that the U.S. subprime mortgage crisis triggered by the financial turmoil for most European banks will be able to control. Moody's EMEA Financial Institutions Group in London, an official said Adel Satel, although in the secondary mortgage market, the prices of financial products, as well as market liquidity has declined significantly, resulting in reduction of bank assets, but Europe's major banks will continue to Access to good corporate efficiency as a whole; at the same time, although these banks are generally in the secondary mortgage market to hold large net positions, but with its own assets and liquidity compared to the amount of these positions could still be considered moderate. However, Moody's Investors Service on Europe's smaller banks more cautious. Moody's EMEA Financial Institutions in London of another person in charge Carballo warned that directly or indirectly invest in the secondary mortgage market, small investors may find that their liquidity, ability to cope with the risks or their financial resources are Not enough to deal with any valuation adjustments and the resulting liquidity of the corresponding demand. Moody's financial institutions in Asia in accordance with the preliminary findings are expected to invest in the global active as Asia's World Bank, the United States subprime mortgage problems will be relatively limited.