Opinion
It's NOT the econometrics, stupid
Risk modelling has come under the microscope since the onset of the crisis, with many blaming market risk models for exacerbating the crisis. Elizabeth Sheedy presents a defence of quantitative techniques
Not quite champagne time
As the anniversary of the Lehman collapse that triggered the worst financial crisis since 1929 rolls around, it is not quite time to start popping Dom Perignon corks. There is still some debate as to whether this will be a V, U or W recession. The talk…
When reality bites
Editor's letter
Tales of leverage
Opinion
Better safe than sorry
Editor's Letter
Autonomy or centralisation?
Regulators have drawn attention to the silo approach taken by many financial institutions, which hampered effective risk management across organisations. Mauro Maccarinelli and Michael Zerbs argue the time has come for firms to take a more centralised…
Flying blind
Despite some useful proposals, the Obama administration's regulatory reform initiative published in June ignores a crucial issue, argues David Rowe
Dealing with disputes
Editor's letter
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.
Editor's letter
This issue marks the fifth anniversary of Structured Products magazine. To commemorate this landmark, we have looked back over every issue since our launch and constructed a timeline featuring some of the most interesting stories and events, as well as…
Setting the stage for major scene change
Editor's letter
A return to credibility
The financial crisis has exposed the fact that many banks merely paid lip service to risk management, as well as relying too heavily on quantitative techniques. However, genuine risk management requires judgement and a strong risk culture within a firm,…