Opinion
Organisational aspects of risk management
In the last of this four-part series, David Rowe looks at organisational issues and argues the chief executive and board must accept responsibility for strategic risk management decisions
Change is the only constant
Regulatory change is inevitable, but those in Basel say they are taking it slow
Safer instability
Regulators are preparing to introduce a host of new regulations to improve the resilience of the financial system. But this should go hand in hand with the use of policy tools to prevent asset price bubbles, argues Ryozo Himino
Stressing out over stress tests: Rob Davies column
Observers are expressing doubts over how useful the latest round of Cebs stress tests for European banks will be.
High yield spreads no longer correlated to default rates: Jerry Tempelman column
High yield spreads are more highly correlated to the VIX index than to default rates.
The FDIC’s only safe harbour is from itself: Joseph Mason column
The US Court of Appeals has ruled against the FDIC in a case that gave rise to the regulator’s original safe harbour provisions for securitisation deals.
Is the CFA qualification worth sweet FA? Caveat Emptor column
Chartered Financial Analyst, the qualification that is de rigueur for any aspiring fund manager, fails to address the principles of proper risk management.
Lookback: The Which way
An irreverent take on events of the last month, including the Which confusion over structured products, ETF trading, S&P's benchmarks, a Swiss preference for capital protection and more capital gains tax in the UK
Beyond distributional analysis
In the third article in a four-part series, David Rowe considers the need for financial risk management to move beyond distributional analysis to consider more qualitative inputs
Where next after May's month of mayhem? Rob Davies column
It seems that the European authorities are powerless to restore confidence to the financial markets, and the prospect of a double-dip recession is looming closer.
Maple bonds may offer sweet spot for credit investors: Simon Ballard column
Canada’s financial markets proved resilient to the credit crisis and debt issued in Canadian dollars should garner strong support from investors.
Credit ratings are a necessary evil: Gary Jenkins column
Credit rating agencies have been an easy target for investors’ ire – and in many cases the condemnation has been justified. But ratings perform an important function in the markets.
The true source of liquidity in financial markets: Caveat Emptor column
Liquidity – its origins and effects – have long exercised investors, but one thing is certain: banks are not the main source of liquidity, despite what they would have us believe.