Subprime
Subprime: Algo First database extols enterprise risk management
Daily news headlines
Firms must try to stop mortgage foreclosures
Daily news headlines
Credit funds: Behind the rhetoric
As fund after fund succumbs to emergency measures to halt redemptions, shore up funding or sell off structured credit assets, the terms used to describe them are too often blurred and confused.
Subprime crisis shows why firms need ORM
It's hard to not be a bit worried by the subprime crisis and the spin-off events that have cascaded through the financial markets over the past few weeks. And it is ironic that the crisis kicked off in the US, where regulators have made such an unholy…
How operational risk protocols can forestall disaster
Could the subprime mortgage crisis – now estimated to have cost between $50 billion and $100 billion – be the opportunity that the discipline of operational risk has been waiting for?
FSA criticises subprime industry
Daily news headlines
Regulators issue final subprime statement
Daily news headlines
Bear Stearns ramping up risk controls
Daily news headlines
Bringing down the house
There is evidence to support the claim that the subprime mortgage crisis in the US may have had its roots in operational risk problems. But just what caused the crisis, and could it have been averted if the firms involved had robust op risk frameworks in…
A flawed structure
Rising default rates in the US subprime mortgage market have caused serious difficulties for lenders, with some filing for bankruptcy. Regulators have demanded a tightening of underwriting standards, but bankers say other factors were also at play.
Mind the gap
UK mortgage lenders are grappling with Basel II. But there are still concerns about a credit risk management gap between the large and small lenders.