Articles by David Rowe
And so, farewell: David Rowe's final risk analysis column
After 16 years as our risk analysis columnist, David Rowe looks back at a recurring challenge
Expected shortfall’s silver lining
Despite continuing to insist that replacing value-at-risk with expected shortfall in the Basel Capital accord is wrongheaded and potentially dangerous, David Rowe argues that the shift may have an important silver lining
Greek tragedy will run and run
Bargain staves off threat of Greek exit, but does little to inspire belief in the eurozone
Agility vs transparency: a false fight
Bank information systems are hobbled by an old trade-off
Geeks at the gates
Banks could be "unbundled" if they reject technology overhaul
Google can help banks fix their risk data problems
Banks need to embrace radical change to satisfy Basel principles
Time to see models and shocks for what they are
Market shocks are earthquakes, not a game of roulette
Eurozone cannot survive on a diet of fudge
Greek political upheaval sets up a lose-lose confrontation for the eurozone
An idea whose time has come?
Discussions about whether to break up Sifis have hit the mainstream
The era of computational abundance – and its risks
Financial firms should plan for a time when they have more computing power than they need
We all suffer if derivatives are treated like drugs
Regulators are clamping down on complexity, but risk harming innovation
Today's fines will scare off tomorrow's white knights
Acquirers are being punished for actions they had no control over
UK has reached the limits of ambiguity
The nation's politics and institutions embody Knightian uncertainty
Cyber security – another reason for data storage to go modular
Relational databases are hard to protect; modular storage allows encryption
Prudent valuation vs confidence accounting
Accounts shouldn't pretend valuations are exact - but how best to fix the problem?
Elections show Europe's leaders are playing with fire
Attempts to forge ever-closer union could destroy the EU
What the eurozone lacks - as foreseen in 1961
If Europe’s politicians had read a seminal 1961 paper, they may never have forged the eurozone
Banks will need a decade to meet Basel's data challenge
Supervisors have given large banks three years for root-and-branch reform
Fair value accounting's blind spot
Market prices ignore time-to-liquidation, says David Rowe
Banks have done too little, for too long on counterparty data
Regulators recently published the findings of a study of counterparty risk data at the world’s largest banks – it makes for depressing reading, says David Rowe, and is symptomatic of deeper problems plaguing the field of enterprise risk management.
Beyond relational databases: a solution to data fragmentation
Beyond relational databases
The white elephant of the trading book review
The Basel Committee’s fundamental review of the trading book raises some serious issues, but David Rowe argues its central proposed revision to the market risk capital regime is little more than a costly distraction
Yellen faces a logistical nightmare
The impending transition from Ben Bernanke to Janet Yellen at the US Federal Reserve is taking place at a particularly sensitive time, argues David Rowe – the new chair faces the logistical nightmare of unwinding a massive increase in the central bank’s…
Institutional inertia on tail risk measurement
Institutional inertia is one of the abiding forces in human experience, especially in governmental institutions. Sadly, such inertia is likely to hinder much-needed revisions in the practice of financial risk management, argues David Rowe