Some critics believe that credit derivatives provide a mechanism for sophisticated global banks to unload their unwanted credit risk on unsuspecting investors. Moreover, they say the instruments lack transparency and are too dependent on a small group of large banks. But while these critics suggest that the credit derivatives market is a disaster ... click here for more details.

Historically, the financial services industry has employed an isolated approach to risk management, managing different types of risk on an individual, sector-by-sector basis. But times have changed, and firms are increasingly abandoning that traditional silo approach in favor of integrated, firm-wide enterprise risk management. But how do you manage enterprise risk? What are the ... click here for more details.

Whenever a transaction is executed in the financial services realm, it is assumed that both parties involved have carefully weighed the risks of trading with their counterparty. But are firms less diligent when they are executing trades through an exchange? Are counterparties involved in over-the-counter transactions held to a higher risk measurement standard? ... click here for more details.

PoCA, a wide-ranging set of anti-money laundering (AML) and anti-terrorism rules, is making its presence felt in the UK’s financial services community. Critics says the Act has, to date, actually done more harm than good – partly because it forces firms to “inform on” their clients.The Act, these critics claim, also does not ... click here for more details.

Credit Derivatives: Risk Friend or Foe?

FIA Round-Up: Risk Talk Centers on STP, Fungibility and Diversification

Scanlon Leaves CSFB for Standard Chartered CRO Post

2003 was a busy year for recruitment within the risk management sector, and all signs point to the continuation of this trend over the next 12 months. Unsatisfactory bonuses will likely lead to risk management resignations in early 2004, opening the door even wider for job seekers. But what specific skills are hiring ... click here for more details.

Throughout the 1980s and 90s, Luca Celati – a former trader, consultant and market risk manager – experienced many different sides of risk management.Moreover, Celati broadened his industry knowledge and perspective in 2002, when he co-founded Abraxas Capital Management, a London based hedge fund. In a one-on-one interview with Robert ... click here for more details.

In the last issue of GRR, Gordon E. Goodman called for an overhaul of the structure of financial statements in the energy trading community – citing a lack of transparency. Goodman argued, in part, that current financial reporting problems could be rectified through the separation of realized and realizable earnings. But Duke Energy’s ... click here for more details.