Economists, risk managers and traders must learn the lessons of crisis, says Kaminski
Asset management veteran defends value investing as tried-and-tested strategy
Method could provide early-warning system
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ABSTRACT In this paper, we discuss the evolution of the financial economic events that preceded the triggering of the subprime crisis. This crisis shares similarities with episodes that occurred in the...
Acquirers are being punished for actions they had no control over
Regulator announces reforms in response to financial crisis failings
Counterparty concerns could lead to increased use of clearing
Banks must involve op risk in strategy decisions, says RBS' Spielmann
This paper examines the dynamic linkages in credit risk between the money market and the derivatives market during 2004-9. We use the T-bill-Eurodollar (TED) spread to measure credit risk in the money...
Settlement resolves civil claims over residential mortgage-backed securities
Despite massive investment in human capital and technical resources, risk managers failed to warn about the dangers of toxic assets and excessive leverage in the run-up to the global financial crisi...
Regulators' efforts to prevent another crisis are having the opposite effect
For several years leading up to the outbreak of the financial crisis, growth in the use of arbitrage collateralized debt obligations (CDOs) was explosive. In this paper, we discuss potential sources of...
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.