Oliver Wyman: Risk Management Practices Still Inadequate
The second Oliver Wyman / Financial Times Global Emerging Risks Survey of 650 senior executives at global companies with revenues of more than $1 billion finds that most executives consider their...
View ArticleStructured Finance Influence on Financial Market Stability: Evaluation of...
by Sebastian A. Schuetz of the University of LüneburgAbstract: In 2007 the world faced one of the biggest financial crises ever. It was the third important financial crisis in the last 12 years....
View ArticleFHFA Releases First Conservator’s Report on the Enterprises’ Financial Condition
Washington, DC - August 26, 2010 - The Federal Housing Finance Agency (FHFA) today released its first Conservator’s Report on the Enterprises’ Financial Condition. The Conservator’s Report provides an...
View ArticleFSA outlines a fundamental review of trading activity regulation
The Financial Services Authority (FSA) has today published a discussion paper (DP) that considers fundamental changes to the regulation of trading activities – one of the key recommendations of the...
View ArticleCanada’s Very Own Mortgage Mess: The Laws and Programs Behind a National Dilemma
By Nathan Hume, University of Toronto - Faculty of LawAbstract: Canadian house prices require explanation. Despite a deep global recession and persistent credit crisis, they remain near record highs...
View ArticleExplaining the Housing Bubble
By Adam J. Levitin and Susan M. WachterAbstract: There is little consensus as to the cause of the housing bubble that precipitated the financial crisis of 2008. Numerous explanations exist: misguided...
View ArticleTail VaR approach to measuring and managing systemic risk
By Joseph H.T. Kim and Phelim P. Boyle, University of WaterlooAbstract: This paper proposes a framework for measuring and managing systemic risk. Current approaches to solvency regulation have been...
View ArticleThe payment system - payments, securities and derivatives, and the role of...
The European Central Bank (ECB) has published a book entitled "The payment system - payments, securities and derivatives, and the role of the Eurosystem". It provides comprehensive insight into the...
View ArticleRegulating Systemic Risk
By Steven L. Schwarcz and Iman AnabtawiAbstract: Systemic risk management is at the forefront of financial regulatory agendas worldwide. The global financial crisis was a powerful demonstration of the...
View ArticleFinancial Stability Board meets on the financial reform agenda
The Financial Stability Board (FSB) met in Paris on 27 September. It reviewed risks and vulnerabilities affecting the global financial system and progress on the regulatory reform agenda under...
View ArticleSatyajit Das on the European Financial Stability Facility (”EFSF”)
In a guest post on Naked Capitalism, Satyajit Das critiques the European Financial Stability Facility (”EFSF”):In order to finance member countries as needed, the EFSF will need to issue debt. The...
View ArticleA survey of current regulatory trends - report of the IBA Task Force on the...
The International Bar Association’s Task Force on the Financial Crisis has released a new report:A Survey of Current Regulatory Trends, dated October 2010. This report features an overview of the work...
View ArticleMacroprudential policy, tools and systems for the future
In its newest report on Macroprudential Policy, the Group of Thirty calls for urgent action to strengthen system-wide financial regulation and supervision.The report calls on public officials to...
View ArticleJoint Forum Report on Developments in Modelling Risk Aggregation
The report suggests improvements to the current modelling techniques used by complex firms to aggregate risks. It also examines supervisory approaches to firms' use of risk aggregation models,...
View ArticleFSB publishes report on improving OTC derivatives markets
The Financial Stability Board (FSB) published today a report on Implementing OTC Derivatives Market Reforms. The report responds to calls by G20 Leaders at the Pittsburgh and Toronto Summits to improve...
View ArticleEmanuel Derman on Metaphors, Models & Theories
Abstract: Theories deal with the world on its own terms, absolutely. Models are metaphors, relative descriptions of the object of their attention that compare it to something similar already better...
View ArticleUser's guide to the Triennial Central Bank Survey of FX market activity (BIS)
by Michael R King and Carlos MalloAbstract: This article provides an overview of the foreign exchange components of the Triennial Central Bank Survey. It highlights key dimensions of this dataset and...
View ArticleDerivatives in emerging markets (BIS)
by Dubravko Mihaljek and Frank PackerAbstract: Turnover of derivatives has grown more rapidly in emerging markets than in developed countries. Foreign exchange derivatives are the most commonly traded...
View ArticleThe dark side of financial innovation (SSRN)
By Brian J. Henderson and Neil D. PearsonAbstract: The offering prices of 64 issues of a popular retail structured equity product were, on average, almost 8% greater than estimates of the products’...
View ArticleWhat We Don't Know We Don't Know (Gregory J. Gordon, SSRN)
Abstract: Do you read everything in your field today? Do you even know what everything means any more? Readers of scholarly research are faced with an overabundance of information due to...
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