Semantic antics

EDITOR’S LETTER / ELLEN DAVIS

What followed was very special indeed – presentations on breakthroughs in op risk modelling, panel discussions on the practical realities of getting business lines to co-operate, and about as much frankness as the regulators could achieve, under the circumstances.

My favourite moment came at the end, when I asked if there was any news about the US Basel II timetable. No-one had asked so far, despite the fact that it was the one thing that everyone was dying to know.

Roger Cole, senior associate director at the Fed, attempted a humorous coyness, and said, "I think these efforts we have underway will be productive in an expeditious manner."

A mischievous Eric Rosengren, senior vice-president at the Federal Reserve Bank of Boston, shot back, "I think you’ve been taking lessons from chairman Greenspan".

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here