Financial crisis
Sponsored Q&A: Standard Bank
Building on lessons learned
Sheng, Lemierre: finance must shift to serve real economy
China Banking Regulatory Commission's Andrew Sheng and BNP Paribas's Jean Lemierre say speculation must be quelled; Sheng urges Asia to develop investment banking industry, create regional champions
ECB calls for more data to prevent crises
European Central Bank draws attention to information gaps, says broader and more flexible data will aid macroprudential supervision
EC's Barnier unveils new college approach to bank crisis resolution
European Commission proposals of extensive new powers at odds with Basel vision of colleges, and Cebs' new assessment of success of information-sharing initiatives
Sovereign stress and its impact on bond portfolios
The sovereign earthquake
Is VAR a useful tool in volatile markets?
Is VAR a useful tool in volatile markets?
Quant unlocks the physics of the flash crash
The flash crash was statistically distinct from other market panics, and can be understood with a little help from the physics of supercool magnets
UK banking commission moots reforms
Commissioners stress they have an open mind as to which structure will best suit British banking industry
Analysing correlations under stress
Analysing correlations under stress
Pimco’s Andrew Balls talks about the European sovereign debt crisis
Balls says support packages "might just provide the opportunity for conservative investors to get out"
Goodhart attacks new European supervisory structure
Academic labels three new watchdogs “a waste and a mistake”; former financial secretary Lord Myners scornful of Basel III
Repricing of sovereign debt would be an 'earthquake' for financial markets – chief economist
The chief economist at Independent Strategy, Bob McKee, explains why a repricing of sovereign debt and defaults of advanced economies would be “logical” outcomes in the next stage of the financial crisis.
Credit rating agencies: A question of trust
Question of trust
Spanish bank borrowing from ECB continues to balloon
Spanish banks continue to depend on European Central Bank after stress tests exposed capital shortfalls
FOMC pledges to maintain scale of asset purchases
Federal Reserve fails to announce additional quantitative easing but pledges to keep size of purchases at current levels; calls for more easing spurred by weak jobs data
Asia Risk 15: Lee Kwok Kwan, CIMB
CIMB Group has navigated through the current financial crisis with minimal difficulty. Indeed, the Malaysian bank’s deputy chief executive, Lee Kok Kwan, believes strict capital and liquidity standards have given CIMB a distinct competitive advantage…
Equity volatility backlash
Taking a long equity volatility position is a favourite macro hedge for risk managers and traders across asset classes, but the trade doesn’t always work as expected. How has the volatility experienced in May and June affected macro hedging? Joel Clark…
Bear bailout vehicle turns first paper profit
Federal Reserve balance sheet data shows Bear Stearns’ assets held in Maiden Lane vehicle made a paper profit for first time since its inception
First FSAP for US flags commercial real estate woes
The US banking system at risk from commercial real estate woes, the IMF’s first Financial Sector Assessment Programme says
Cesr reveals European financial markets risks, including double-dip recession worry
The Committee of European Securities Regulators (Cesr) has made public for the first time its analysis of trends, risks and vulnerabilities in financial markets
Safer instability
Regulators are preparing to introduce a host of new regulations to improve the resilience of the financial system. But this should go hand in hand with the use of policy tools to prevent asset price bubbles, argues Ryozo Himino
CBOE developing tail event index
A new index based on skew will be unveiled once testing is completed
Raj Singh interview: lesson for the future
The credit crisis has impacted the whole reinsurance sector, but, according to Raj Singh, chief risk officer at Swiss Re, at least it has taught the industry useful lessons for the future. Sarfraz Thind reports