Opinion
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
Innovation and imagination applied to hedge fund performance payments
How does the controversy and debate about bank bonuses affect the hedge fund industry? What will be the repercussions for remuneration in the industry, particularly the performance fee model?
Who is John Galt?
The question that permeates Ayn Rand’s legendary Atlas Shrugged has a peculiar resonance at the moment for financial services in general and for hedge funds in particular. Those unfamiliar with the cult novelist may not be aware of the significance.
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
Electric utilities urge prudent reform
Increased transparency in the OTC derivatives markets is a goal supported by the US power industry, but it’s imperative that increased regulation doesn’t push up the cost of hedging and cause higher or more volatile electricity prices, writes Richard…
Conflict in China
Editor's letter
Fading memories
How soon we forget. Markets are rising and could end the year higher than before the financial crisis, despite the fact fundamentals that should underpin and logically support prices are absent. Governments, the public and even the media appear to have…
Conservative concerns
The first stage of the Solvency II directive was characterised by a period of political horse trading that resulted in the exclusion of group support and the inclusion of the equity duration principle, to the general consternation of the European…