Central banks

The risk monitor

As systemic risk concerns resurface, Gerald Corrigan, co-chair of Goldman Sachs’ firm-wide risk committee, has revived an industry group formed after the LTCM debacle. By Navroz Patel

Sponsor's article > The dangers of complexity

The dramatic financial market changes of the past 20 years have introduced daunting complexity into the system. Much of this complexity is the necessary consequence of valuable innovations. David Rowe argues, however, that complexity for its own sake is…

Credit risk stress tests need more work, says BIS

Leading banks have yet to develop a solid framework for credit risk stress tests that deals with all the likely effects stress events would have on their businesses, according to the latest report by the Bank for International Settlements (BIS).

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