Don't blame CPM

Credit portfolio management

risk-0408-49-gif

As the banking industry tries to digest the roughly $120 billion in losses suffered on subprime-linked securities to date, an argument is brewing about how much blame should be attached to banks' credit portfolio management (CPM) functions, and the lessons - if any - those functions can take from the crisis. On one hand, portfolio managers themselves point out the majority of the losses came from swingeing writedowns on positions built by trading desks, which are not within their purview

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: