Wipro's Sukant Paikray offers advice on how firms can better address the increasing demand for higher data quality
Beyond relational databases
The case for dynamic efficiency
A crisis of identity, part two
Editor's letter – Costly compliance and tighter budgets
Keep regulation in proportion
Introduction: Music to techno ears
Jeopardy and the future of risk management
The Counterparty Risk Management Policy Group's third major policy statement appeared in early August - and it presents surprisingly radical demands, says David Rowe
The high-powered, lightening-fast computer systems that managers use to perform their risk calculations should be geared towards delivering reliability not speed.
In the same way credit risk managers used to question how a loan would be repaid if the primary means of payment were to fail, so banks ought to ask if there is another way to value structured credit investments if market liquidity were to dry up, argues...
The role of the regulator has been highlighted by the ongoing turmoil in the credit market. What response can we expect from regulators in the months to come?
Although the markets are pricing in a jump in this year's European speculative-grade default rate to 7.5%, JPMorgan Credit Research predict a more modest rise of 2.5%
In October, David Rowe argued that contingent credit default swaps offered only limited potential for active counterparty credit risk management. The convergence of several factors could change that
Basel II remains wedded to incremental extensions to the market risk rules. It is time for a bolder approach in this area, argues David Rowe
The emergence of contingent credit default swaps has presented banks with a new way to manage their counterparty credit exposures. However, they have important limitations, argues David Rowe
The rate of growth in the complexity of new derivatives products is causing a worrisome lag in risk management's ability to keep pace. As credit derivatives markets endure a period of stress, this lag could have serious consequences, argues David Rowe
Hedge funds often characterise their mission as the pursuit of pure alpha. A growing body of research, however, argues that a significant proportion of observed hedge fund returns are really alternative beta. David Rowe considers the implications for...
Anniversaries inevitably inspire an urge to reminisce. David Rowe lists several important public milestones and one personal milestone in the development of financial risk management
Encouraging and supporting sound internal risk management has become an important aspect of effective financial regulation. Imposing a regulatory capital charge for stress-test losses would undermine this important objective, argues David Rowe
Yen-denominated mortgages have proven an attractive source of low-cost housing funding over the past 10 years. David Rowe asks whether these products are an accident waiting to happen