On Thursday August 14 this year, the lights went out across the northeast US and the Canadian province of Ontario, in the worst ever power failure in North American history.
When high-profile blow-ups hit the headlines, calls for greater transparency come to the fore. By Peter Davies, vice-chairman, RiskMetrics Group
US bulge-bracket firms are starting to address a number of complex compliance and ethical business issues in the wake of the Sarbanes-Oxley Act of 2002 by investing in technology to monitor their employees' conduct.
Barry Schachter discovers that the path towards a workable structure for hedge fund quantitative risk disclosure is very narrow. Bad news for the post-LTCM lobbyists
Cutting edge: Liquidity risk
The Securities and Exchange Commission (SEC), a US financial regulatory authority, plans to hold a hedge fund round table on May 14 and 15 to debate whether such funds negatively affect public investors.
Gerd Häusler, director of the international capital markets department at the International Monetary Fund (IMF), today highlighted that too little is known about where credit risk ultimately resides in the financial system.