Avinash D Persaud, Chairman, Intelligence Capital Limited, emeritus professor of Gresham College and trustee of the Global Association of Risk Professionals, London
The credit crunch has unveiled two fundamental problems with current financial regulation. First, 'mark-to-market' requirements have forced sales of assets by some investors who thought they were good value. These sales push prices lower, forcing other investors who mark-to-market to sell.
Mark-to-market and related mechanisms such as
The week on Risk.net, July 7-13, 2018Receive this by email