Risk magazine
Losing lustre
Structured products
Systems failure
Risk management
A rumble in Mumbai
India
From niche to nova
Barclays Capital's head of equity-linked products, Dixit Joshi, talks to Alexander Campbell
Required reading
Over the past year, we have witnessed a unique experiment in what makes financial risk management effective. A succinct supervisory summary of what we have learned should be required reading for all interested parties, argues David Rowe
Sunk by correlation
Equity derivatives dealers faced a grim picture across global markets earlier this year, with steep rises in correlation and volatility together with a slump in dividend expectations decimating exotic books. How have dealers responded? By Mark Pengelly
The year of living riskily
VAR Survey
Risk reallocation
The originate-and-distribute model offered a means for banks to offload credit risk from their balance sheets and distribute it to investors. But Andrew Haldane and Lewis Webber of the Bank of England argue this risk was often passed on to those least…
BIS chief points to central banks and warns of inflation risk
As the Bank for International Settlements released its annual report today, general manager Malcolm Knight warned that central banks faced a difficult struggle to deal with rising inflation.
Chinese regulator slams banks over leveraged products
China could clamp down still further on its derivatives markets unless banks start selling more cautiously, a senior regulator has warned.
Wilson takes over as Dresdner's risk chief
Thomas Wilson has succeeded Otto Steinmetz as chief risk officer of Dresdner Bank in Frankfurt, after Steinmetz retired earlier this month.
Bankers' incentives blamed for crisis
In the wake of the credit crisis, senior bankers and regulators are considering changes to incentive programmes, which might have encouraged traders to make short-term bets without considering long-term risks.
Investors caught short by auction rate meltdown
Investors badly misjudged the risks posed by auction rate securities (ARS), and the willingness of dealers to keep supporting the market in the event of a liquidity drought, a new report has shown.
Fitch pulls coverage of monolines
New York credit rating agency Fitch Ratings has withdrawn coverage of the troubled monoline insurers Ambac and MBIA after they refused to continue co-operating with its analysts.
BIS chief executive will quit in September
Malcolm Knight, general manager and chief executive of the Bank for International Settlements (BIS), will step down at the end of September, ahead of his planned departure in June 2009.