Articles by David Rowe
Dangerous adaptation: the evolution of risk
Dangerous adaptation: the evolution of risk
CVA hedging: a false sense of security
Quo vadis, CVA?
Europe in a ratings wonderland
Europe in wonderland
Mission impossible for ratings
Mission impossible for ratings
The culture of stress testing
Stress-testing culture
Darkest before the dawn?
Darkest before the dawn?
Jeopardy and the future of risk management
Jeopardy and the future of risk management
Market-driven transparency
Market-driven transparency
Withholding versus withdrawing
Withholding versus withdrawing
The power of defunct economists
The power of defunct economists
Regulators double down
Regulators double down
Whither the Office of Financial Research?
Whither the Office of Financial Research?
Analysing correlations under stress
Analysing correlations under stress
BP: lessons learned
BP: lessons learned
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
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
Looking at Black Swans
In the second of a four-part series on the development of risk management, David Rowe considers the phenomenon of high-impact events, or Black Swans
A new VAR terminology
In the first of a four-part series, David Rowe considers the development of financial risk management over the past 25 years and offers some thoughts about its future direction
The problem is severity
Financial reformers talk endlessly about the too-big-to-fail problem, but they often fail to address the heart of the issue, argues David Rowe
Crossing the chasm
Existing risk management information systems proved too fragmented and cumbersome to meet the requirements of decision-makers during the crisis. David Rowe argues that a major reappraisal is required
Hammers and nails
Excess regard for the techniques we know can lead to these methods being misapplied. Risk managers too often fall into this trap, argues David Rowe
Revenge of the economists
Having left full-time practice as a business economist more than two decades ago, David Rowe argues that the profession is poised for a resurgence
Twenty-first century supervision
Much of the regulation governing banks was developed in the last century. But it is time to stop trying to supervise twenty-first century financial institutions with twentieth century oversight tools, argues David Rowe
Let small fires burn
The remarkable stability of the past two decades sowed the seeds of the current crisis. In future, monetary authorities will have to be more aggressive about removing the punch bowl when the party gets interesting, argues David Rowe