Tiner warns banks of cross-market correlation risk

- By Risk Staff
- 31 Jul 2006

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Speaking at the FSA's annual public meeting, Tiner warned that the markets are set for problems soon. "There are signs that the environment for regulated firms may become more challenging in the short and medium term," he said, predicting "an increased risk of sharp, and possibly coincident, corrections in a number of asset classes and areas".

This could be a problem for UK companies, he said, especially if they have not modelled correlations between different markets. He pointed out that stress

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