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Banks manage this risk by making provisions, buying forward contracts or other financial instruments that can increase in value to offset losses from selling bonds when policy changes. Mr. Clifford Rossi, former Citigroup risk manager and professor at the University of Maryland, was surprised by SVB's low hedging level. He estimates the bank's contingency program must double in size. Vblink Casino 777, This is the most severe disaster in the region in a decade.
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