Subprime
US regulators propose standards to give securitisers skin in the game
Regulators release risk retention rule; publish a specific loan-to-value ratio for those mortgages that will be exempted
Fixing UBS’s risk management problems
Lofts' conversion
Beyond distributional analysis
In the third article in a four-part series, David Rowe considers the need for financial risk management to move beyond distributional analysis to consider more qualitative inputs
Spotlight on Goldman
The US Securities and Exchange Commission filed a lawsuit against Goldman Sachs in April, alleging it had misled clients by not disclosing that a major hedge fund had helped select the underlying assets in a collateralised debt obligation and was…
Property swap analysis could have softened commercial property market crash
Implied total returns suggest UK property market was overheating in 2006.
A sting in the tail
After recent financial turmoil, market participants are thinking much more rigorously about ways to protect themselves against the possibility of rare but extreme events. However, effectively hedging tail risk is not straightforward. By Mark Pengelly
Drastic action
Authorities at the centre of the financial crisis are prescribing more regulation and more capital as appropriate measures to prevent a similar calamity in the future. But a study released this month by Japanese think-tank, the National Institute for…
FDIC Announces $114 million Compucredit Settlement
Losses and Lawsuits
Dangerous momentum
Risk Analysis
Subprime litigation surges in second quarter
MANAGEMENT
Restructuring reservations
Restructuring
Look to risk management
With regulators' showing no mercy for non-compliant firms, now is the time to strengthen risk management and compliance departments
The rotten core
The US is now closely examining the root causes of the subprime crisis, including mis-selling, fraud, poor internal controls and perverse incentive schemes. David Benyon explores these issues, and some potential solutions
Rethinking (operational) risk management
For operational risk managers to really make a difference to their firms' fortunes, they must be willing to get their hands dirty and face facts, no matter how scary the facts may be, says Sergio Scandizzo, in the second of a two-part series
“Operation Malicious Mortgage” needed to protect Americans
Daily news headlines
Bear bankers face charges over hedge fund losses
Daily news headlines
OTS chief calls for federal mortgage regulation
Daily news headlines
Tails of the unexpected
Credit Models