Professor Robert J. Shiller, GARP’s Risk Manager of the Year for 2006, recently spoke with GRR editorin- chief Robert Sales about the growth of finance, the importance of behavioral finance research and the need to extend effective risk management practices to different markets.

Editors Letter

Identifying risk and establishing a risk tolerance are two important items on the checklist of a successful risk measurement plan. Dan Helming and Arnold Schanfield break down the different components of risk assessment and discuss the benefits of qualitative analysis.

Over the past two decades, many countries across the globe have endured at least one banking crisis. But the exact causes of such crises remain an open-ended issue. Some people believe that bank mergers, which increase concentration levels, have fueled crises. But other industry experts argue that mergers often actually ... click here for more details.

Barra Expected to Boost Morgan’s Buy-Side Appeal

Basel II: Ratings Integrity and Data Warehousing Among Key Hurtles

What lessons about risk management can be derived from chess? Can this game, for example, teach financial risk managers anything about when and how to use leverage? Igor Postelnik compares risk analysis with chess strategy through the eyes of a chess master.

Commodities like gold, crude oil and corn have been on a huge upswing over the past three years. Dr. Aaron Smith explains how futures markets help risk managers hedge commodity price risk and examines how the price profile of commodity futures has been effected by recent volatility.

Chief risk officers working for alternative investment firms (including hedge funds and fund of funds) are significantly ahead of their counterparts at traditional asset management firms and insurance companies in terms of total compensation, and market risk professionals across the entire asset management spectrum are outearning their colleagues in enterprise, ... click here for more details.