Risk magazine
From legacy to leading edge
Front Arena
New Basel capital framework ready to go
Introduction
Introduction
Islamic finance
Secondary thoughts
Secondary Market
Real Estate
Introduction
Integrated data management for commodities
Asset Control
Efficiency and control in collateral management
Business Control Solutions
Collateral thinking
Allustra
Basel II challenges - managing credit risk exposures
Infosys Technologies Limited
Beyond Black-Litterman in practice
In principle, the copula-opinion pooling (COP) approach extends the Black-Litterman methodology to non-normally distributed markets and views. However, the implementations of the COP framework presented so far rely on restrictive quasi-normal assumptions…
Modelling and estimating dependent loss given default
Martin Hillebrand proposes a portfolio credit risk model with dependent loss given default (LGD), offering a reasonable economic interpretation that is easily applicable to real data. He builds a precise mathematical framework, and stresses some…
The plight of permanent capital
Permanent capital vehicles have been touted as a solution for alternative asset managers seeking stable long-term financing. However, the market has all but closed to new business, prompting deal sponsors to rethink the way these vehicles are structured…
Awakening giant?
Some circumstances endure long enough to become embedded in the unexamined assumptions of a generation. In the case of the Japanese economy, these assumptions could prove costly, argues David Rowe
Promulgating pro-cyclicality
Systemic Risk
Centralising the server
Yahoo! has been at the cutting edge of the internet revolution for the past 10 years, but its treasury risk management team has been relatively conservative in its use of derivatives. Jayne Jung talks to Yahoo! treasurer Gideon Yu