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Date: 9-8-2010 Author:CEBS
Visits: 5
CEBS Statement on the disclosure of sovereign exposures in the context of the 2010 EU-wide stress teFollowing the publication of the results of the EU-wide stress test on 23 July 2010, CEBS issues a statement to clarify the details of key criteria used in the disclosures of banks exposures...
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Date: 9-8-2010 Author:Debelle, Guy
Visits: 5
On Risk and UncertaintyThe argument I have been seeking to make today is that the mis-assessment of risk has been a key element of the financial crisis. One of the contributing factors to this mis-assessment was an over-rel...
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Date: 9-4-2010 Author:Lerner, Peter B.
Visits: 23
In Defense of a Quant (Part I)The public likes simple explanations, especially if they are argued with bombast. For instance, the financial crisis happened because “the young boys with PhDs in physics were conceiving a finan...
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Date: 9-4-2010 Author:Indiviglio, Daniel
Visits: 17
The Challenges Facing Global Capital RequirementsOne of the big holes in the financial regulation bill passed this summer was a rule forcing the banks to hold more capital. Although the legislation called for higher capital requirements, no number w...
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Date: 8-27-2010 Author:CEBS
Visits: 47
CEBS Publishes Final Revised Stress Testing GuidelinesThe Committee of European Banking Supervisors (CEBS) today publishes the final text of its revised Guidelines on stress testing which takes into the account the results of the earlier public consultat...
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Date: 8-8-2010 Author:Grody, Allan D.
Visits: 178
Is Risk Management an Oxymoron? The current state of risk management is as if we sit below a volcano, knowing the probability of the volcano exploding and a decent guess as to the devastation it would cause. But don't we reall...
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Date: 7-25-2010 Author:Triana, Pablo
Visits: 202
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: 7-22-2010 Author:O'hara, Neil A.
Visits: 184
The Greater Fool Theory: Managing and Modeling RiskThe most dramatic financial meltdown since the Great Depression occurred despite recent advances in risk management techniques. Because of a fervent but unfounded belief in some quarters that VaR (val...
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Date: 7-21-2010 Author:Nixon, Simon
Visits: 175
The Fear of Stress-Test Failure What is the definition of a failed stress-test exercise? If you're an investment banker, the answer is simple: one that doesn't lead to any lucrative mandates to raise bank equity.On that basis,...
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Date: 7-17-2010 Author:Basel Committee
Visits: 193
Basel Releases Consultative Document on Countercyclical Capital Buffer ProposalThis consultative document is structured as follows: Section 1 describes the primary objective of the proposed buffer and presents a short overview of how it would operate in practice. Section 2...
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Date: 7-13-2010 Author:Smith, Geoffrey T.
Visits: 141
ECOFIN: Stress Tests, Euro Reform, Regulators On Agenda MondayBank stress tests, new supervisory bodies for financial services and the first formal suggestions on how to improve the governance of the euro zone will all be on the agenda as European Union finance ...
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Date: 7-8-2010 Author:Kaminska, Izabella
Visits: 125
CEBS' Statement on Key Features of the Extended EU-Wide Stress TestThe objective of the extended stress test exercise is to assess the overall resilience of the EU banking sector and the banks’ ability to absorb further possible shocks on credit and market risk...
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Date: 7-8-2010 Author:Kennedy, Simon
Visits: 170
Goldman upgraded for 'best in class' risk managementLONDON (MarketWatch) -- The way Goldman Sachs measures risk and allocates capital should be seen as a model for other investment banks, according to analysts at J.P. Morgan.Upgrading Goldman to overwe...
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Date: 7-1-2010 Author:Gane, Dominic
Visits: 164
Risk concerns top agenda85% of respondent’s pension fund boards had raised risk management as an agenda item in the last six to nine months. The result of this was that several funds made adjustments to their risk mana...
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Date: 6-29-2010 Author:Crouch, Dennis
Visits: 160
Bilski v. KapposThe Supreme Court has issued its opinion in Bilski v. Kappos. In the decision, the Supreme Court affirmed that Bilski’s risk-management method was not the type of innovation that may be pat...
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