The value of having a sound risk management strategy has never been greater than in 2008, a year that saw the subprime crisis morph into a full-blown global financial meltdown.
As volatility moved from the credit markets into other asset classes, the past 12 months has seen a number of dealers severely damaged. Notable casualties include Bear Stearns - sold to JP Morgan last March when on the brink of collapse - and more recently Lehman Brothers.
Others have suffered a succession of writedowns,
The week on Risk.net, July 14–20, 2017Receive this by email