Opinion
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…
Beyond comparative statics
David Rowe says it is time to extend stress testing to include more than just analysing the immediate impact of selected extreme events
Financial network risk
Both macroeconomics and financial theory have failed to deal adequately with systemic risk. However, other disciplines have much to teach us about the stability and fragility of complex dynamic systems, argues David Rowe
It's NOT the econometrics, stupid
Risk modelling has come under the microscope since the onset of the crisis, with many blaming market risk models for exacerbating the crisis. Elizabeth Sheedy presents a defence of quantitative techniques
