Learning from subprime

An important lesson to learn from the current financial crisis is that there is a lot operational risk management can teach financial firms about their approach to the more commonly discussed market and credit risk, says Tsuyoshi Oyama


The aftershocks from the subprime crisis are still shaking the global banking community. Alas, this is another nightmare for risk managers, many of whom have only just recently finished their Basel II implementation projects. Regulators around the world, and consequently banks' senior managers, have continuously put pressure on risk managers to establish new risk management systems able to withstand another perfect storm.

Risk managers, particularly in the areas of market and credit risk, have

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.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

The new rules of market risk management

Amid 2020’s Covid-19-related market turmoil – with volatility and value-at-risk (VAR) measures soaring – some of the world’s largest investment banks took advantage of the extraordinary conditions to notch up record trading revenues. In a recent Risk.net…

ETF strategies to manage market volatility

Money managers and institutional investors are re-evaluating investment strategies in the face of rapidly shifting market conditions. Consequently, selective genres of exchange-traded funds (ETFs) are seeing robust growth in assets. Hong Kong Exchanges…

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