Opinion
Better safe than sorry
Editor's Letter
Autonomy or centralisation?
Regulators have drawn attention to the silo approach taken by many financial institutions, which hampered effective risk management across organisations. Mauro Maccarinelli and Michael Zerbs argue the time has come for firms to take a more centralised…
Flying blind
Despite some useful proposals, the Obama administration's regulatory reform initiative published in June ignores a crucial issue, argues David Rowe
Dealing with disputes
Editor's letter
Green shoots? Green Acres more like
Anyone who believes the economy has turned a corner must be living in a sitcom
Market view: The role of the chief risk officer
Risk management is a discipline often neglected amongst buy-side firms but now more than ever investment managers need to get to grips with their risk exposure. Reinforcing the role of chief risk officer is a start.
A long road but a clear view
Progress has already been made in establishing central clearing for credit default swaps but it will take industry-wide cooperation and an eye for detail to finish the job.
Editor's letter
This issue marks the fifth anniversary of Structured Products magazine. To commemorate this landmark, we have looked back over every issue since our launch and constructed a timeline featuring some of the most interesting stories and events, as well as…
Setting the stage for major scene change
Editor's letter
A return to credibility
The financial crisis has exposed the fact that many banks merely paid lip service to risk management, as well as relying too heavily on quantitative techniques. However, genuine risk management requires judgement and a strong risk culture within a firm,…
Heads in the sand
Editor's Letter
Tales of leverage
Regulators are proposing the introduction of leverage caps on banks. However, Satyajit Das argues leverage achieved through derivatives does not always show up in traditional leverage measurements
Fostering opacity
'Too-big-to-fail' is not just a moral hazard problem, it positively fosters dangerous opacity, argues David Rowe
Regulatory backlash
Editor's letter
Can one size fit all?
Editor's letter
Editor's letter
While you ponder yet another acronym for structured products - they are now Prips, or packaged retail investment products, according to the European Union - reflect upon the fact that there has been some kind of progress in the calamitous world of…
Witches, wizards and stress tests
Even Harry Potter with all his magical skills would have a hard job restoring faith in the global financial system. So in his absence, the US bank stress tests will have to do.
In the hiring line
Whisper it quietly, but the worst may be over in terms of redundancies as banks start to fill vacancies in what are perceived to be the next growth areas.