Credit/Opinion
Green shoots? Green Acres more like
Anyone who believes the economy has turned a corner must be living in a sitcom
Market view: The role of the chief risk officer
Risk management is a discipline often neglected amongst buy-side firms but now more than ever investment managers need to get to grips with their risk exposure. Reinforcing the role of chief risk officer is a start.
A long road but a clear view
Progress has already been made in establishing central clearing for credit default swaps but it will take industry-wide cooperation and an eye for detail to finish the job.
Witches, wizards and stress tests
Even Harry Potter with all his magical skills would have a hard job restoring faith in the global financial system. So in his absence, the US bank stress tests will have to do.
In the hiring line
Whisper it quietly, but the worst may be over in terms of redundancies as banks start to fill vacancies in what are perceived to be the next growth areas.
Market graphic - Derivatives usage amongst the Fortune Global 500
A recent survey by Isda reveals that 20% of the world's 500 largest companies are users of credit derivatives, against 94% across all derivatives classes
Column: Charles Cronin
Flawed models, conflicts of interest, ineffectual leadership: the rating agencies have emerged from the financial crisis with little credit, and reform may strip them further of their influence
Column: Paul Taylor
Ratings downgrades reflect a decline in creditworthiness, not an admission that the ratings were wrong in the first place. But that doesn't mean the rating process can't be improved. Paul Taylor
Column: John Wraith
The Bank of England has yet to reveal how it intends to wind down its quantitative easing programme of buying back gilts - assuming, of course, the policy achieves its aims
Legal spotlight
The global nature of the financial crisis has led to an unprecedented spirit of co-operation amongst securities regulators in different jurisdictions, says Robert Brownlie
Max Bublitz: The great race ... to the bottom
Predicting how long the downturn will last is a fool's game. Past cycles are no useful indicator because we are undergoing a more tectonic shift in the global economic landscape
Gary Jenkins: Turner's blank canvas
The FSA's chairman, Lord Turner, has published his much-anticipated recommendations for a shake-up of the regulatory system. Do they go far enough?