News Category
Editorial
Date: 7-25-2010 Author:Triana, Pablo
Visits: 199
Correlations that You can Trust It is beyond doubt that the past crisis-laden few years have not been good for the concept of statistical correlation when it comes to financial markets.Simply stated, what was supposed to be co...
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Date: 6-14-2010 Author:Large, Andrew
Visits: 191
How to implement a systemic risk policyThe post-crisis debate has generated many initiatives to reduce systemic risk: higher capital and liquidity ratios; restraints on bankers’ pay; and splitting banks. But these will not in themsel...
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Date: 5-10-2010 Author:Martin Hutchinson
Visits: 235
A Finer Formula for Assessing RiskThe credit crisis would not have been as bad if investment banks’ risk management systems worked well. But the systems rely on sophisticated mathematical models that have a fundamental...
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Date: 4-27-2010 Author:Hugo Banziger
Visits: 269
New Basel rules must address past shortfallsThere is no doubt that Basel II improved risk management practices by setting higher minimum standards. However, because of this standardisation, the reforms also ensured that banks were increasingly ...
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Date: 4-15-2010 Author:Gillian Tett
Visits: 322
Mathematicians must get out of their ivory towers Published: April 15 2010 19:21 | Last updated: April 15 2010 19:21A few years ago, Tim Johnson, a British academic at Herriot Watt university, was appointed to act as an official public “c...
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Date: 3-28-2010 Author:Barry Eichengreen
Visits: 289
The Last Temptation of Risk From the May/June 2009 issue of The National Interest. THE GREAT Credit Crisis has cast into doubt much of what we thought we knew about economics. We thought that monetary policy had ...
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Date: 3-15-2010 Author:Tony Jackson
Visits: 230
Regulators must recognise derivatives' role in risk The debate on the regulation of derivatives is reaching fever pitch, and the clash of interests is deafening. One small part of the market is in danger of being drowned out: those non-financial ...
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Date: 3-14-2010 Author:John Cassidy
Visits: 228
Lessons from the collapse of Bear Stearns Two years ago on Sunday, Treasury Secretary Hank Paulson called up Alan Schwartz, the chief executive of Bear Stearns, and told him the jig was up. “Alan, you’re in the governme...
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Date: 3-2-2010 Author:Andrew Lo
Visits: 161
Finance needs its own crash safety board Published: March 1 2010 15:10 | Last updated: March 1 2010 15:10On March 22, 1992, USAir Flight 405 departed from LaGuardia Airport in icy conditions, and a few minutes later, stalled and crash-...
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Date: 2-28-2010 Author:Matt Samelson
Visits: 205
The SEC Risk Management Proposal – A Fair Start but Lacking SpecificsKudos to the Securities and Exchange Commission (SEC) for proposing Rule 15c3-5 under the Securities and Exchange Act of 1934 entitled “Risk Management for Brokers or Dealers with Market Access....
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Date: 2-21-2010 Author:Carlos Lozada
Visits: 188
After the financial crisis, in praise of Wall Street's wizards Remember when we admired Wall Street's financial wizards, the math and computer geeks who dreamed up all those credit default swaps, mortgage derivatives, collateralized debt obligations and the...
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Date: 2-15-2010 Author:Michael Meriton
Visits: 137
The Trembling Foundations of Financial Risk Management Data management itself has never driven financial institutions to undertake a paradigm shift -- it was the realm of the IT person hidden in the basement. However, in today's climate of mistrust,...
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Date: 2-15-2010 Author:John Cassidy
Visits: 145
Scapegoating will not stop another crisis Now, I enjoy rehashing what happened as much as anybody. But blaming individuals does not help us explain the blow-up or figure out how to prevent another. Setting aside Bernard Madoff and other...
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Date: 2-14-2010 Author:The Economist
Visits: 204
A better black-swan repellent THE annual gathering of the Global Association of Risk Professionals, held this week in New York, had as its theme “Transforming Risk in a New World Order”. Outwardly confident they ...
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Date: 1-31-2010 Author:Lex
Visits: 215
Value at risk Measurements of value at risk are like snowflakes – no two are alike. That makes life tricky for investors and regulators currently obsessing about risk because Var is one of the...
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