Basel, Switzerland, January 8, 2013 - IIF First Deputy Managing Director Hung Tran today delivered a speech at the BIS Seminar "Sovereign Risk: A World Without Risk-Free Assets?" In his remarks, Hung Tran discussed the role of markets and market infrastructure in sovereign debt crisis detection, prevention, and resolution. Given the prospect of slow growth, large budget deficits and high public sector debt, Hung Tran noted that "the challenges of managing and resolving sovereign debt crises in many countries, including advanced economies, will be with us for some time to come."