Opinion
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,…
Markets are not magic
Despite their pervasive contributions to economic growth and efficiency, it is important to remember markets are not magic when transparency fails, argues David Rowe
Building on Basel II
Editor's letter
Editor's letter
Editorial
Market graphic - Derivatives usage amongst the Fortune Global 500
A recent survey by Isda reveals that 20% of the world's 500 largest companies are users of credit derivatives, against 94% across all derivatives classes
Column: Charles Cronin
Flawed models, conflicts of interest, ineffectual leadership: the rating agencies have emerged from the financial crisis with little credit, and reform may strip them further of their influence
Column: Paul Taylor
Ratings downgrades reflect a decline in creditworthiness, not an admission that the ratings were wrong in the first place. But that doesn't mean the rating process can't be improved. Paul Taylor
Column: John Wraith
The Bank of England has yet to reveal how it intends to wind down its quantitative easing programme of buying back gilts - assuming, of course, the policy achieves its aims
Bangers and the crash
Editor's Letter
Feeling the squeeze
Editor's Letter
Can the centre hold?
Despite the inevitability of tighter and more intrusive regulation, David Rowe argues this alone will not prevent future financial crises as long as 'too big to fail' remains an issue
Information asymmetry
Editor's letter
Legal spotlight
The global nature of the financial crisis has led to an unprecedented spirit of co-operation amongst securities regulators in different jurisdictions, says Robert Brownlie
Max Bublitz: The great race ... to the bottom
Predicting how long the downturn will last is a fool's game. Past cycles are no useful indicator because we are undergoing a more tectonic shift in the global economic landscape
Gary Jenkins: Turner's blank canvas
The FSA's chairman, Lord Turner, has published his much-anticipated recommendations for a shake-up of the regulatory system. Do they go far enough?
Editor's letter
Editorial
Putting the dampener on
Editor's letter
Step up to the plate
Editor's Letter
Second-order uncertainty
The financial crisis has drummed home the dangers of basing analysis on unreliable data. Despite its amorphous character, risk managers must begin to increase their focus on second-order uncertainty, argues David Rowe