The year of living riskily

VAR Survey

Volatility has once again become a fact of life for traders after years of stability in the financial markets. The unpredictability has contributed to massive losses on credit and, more recently, equity holdings at banks - with losses likely to continue at some institutions.

The increased volatility is reflected in bank value-at-risk figures, which continued to rise in the first quarter of 2008. But with risk management increasingly under the microscope, there are also increasing concerns about