Deposit flight from Greek banks in the aftermath of the country’s May elections provided a stark reminder of the growing importance of political risk in Europe, a subject banks have had to swot up on...
A UK Supreme Court ruling on client money protection at Lehman Brothers could have far-reaching consequences – not just for futures customers of Lehman and MF Global, but on the way all clients view...
Will corporate hedgers suffer if more banks pull back from energy and commodities trading? Pauline McCallion examines the issue of dealer retrenchment from the market
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Features/Risk Management articles
The Basel Committee definitions of op risk, legal risk and compliance risk might not be adequate for countries with a common-law system, such as South Africa
For the financial sector, as for philosophers, the ideal is to have rigidly defined areas of doubt and uncertainty. But the rules of finance are continually changing – the reaction to economic crisis and high-level wrongdoing has come in the form of...
While professionals in the aviation industry have a different motivation for minimising risk, many of the issues they deal with are similar to those faced by banks
Zurich's chief risk officer for general insurance, Steve Wilson, talks about why quantifying op risk is so important
Tough ratings criteria for utility securitisations mean they could be left short of swap counterparties. Utilities are worried they could face downgrades as a result – and potentially be stripped of their licences. Matt Cameron reports
An industry working group is about to publish principles on how to ensure swaps that are subject to a clearing mandate can be guaranteed to clear. But that masks sharp divisions within the industry over which entity should control the process. By Peter...
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future