risk « Lepus

Our latest Executive Summary, sponsored by Thomson Reuters, is the white paper "Determining Best Execution: What Role Does Transaction Cost Analysis Play?". It focuses on the major issues surrounding this topical subject and reveals that factors appear regardless of country. This matter is of extreme importance to the industry as there are current concerns that MiFID best execution requirements are still not being met.

Credit Meltdown Recovery? Harnessing Stress Testing for Effective Risk Control

A recent Executive Summary, sponsored by OpenLink is the white paper "Credit Meltdown Recovery? Harnessing Stress Testing for Effective Risk Control". It highlights several key trends surrounding the need for a defined stress testing regime and a firm wide, cross asset class risk management solution.

Risk in Emerging Markets

Emerging markets can be defined as a nation's economy that is progressing toward becoming advanced, as shown by some liquidity in local debt and equity markets and the existence of some form of market exchange and regulatory body.

The Organisation of Market Risk

What makes this crisis unique, amongst other things, is the unprecedented volatility that we have seen during 2008. More importantly, this volatility was not limited to any particular asset class, but was evident across the board. Various risks were simply not captured, deemed plausible or accounted for. This has resulted in great pressure both internal and from the regulatory entities all over the world.

The Urge to Merge - Credit and Market Risk

Much has been said about risk divisions, particularly in the wake of the brutal financial meltdown last year. However, risk divisions are upping their game in changing the methods of how they do business. Though banks may not agree on which areas of market and credit risk should overlap at present, the move to integrate the two is definitely on the cards for the future.

The Impact of Basel II on Retail Portfolios

Retail lending differs substantially from wholesale lending, and while sophisticated scoring methods are employed for classifying and/or measuring delinquency and default probabilities for individual retail credits, internal economic capital models are less fully developed for retail.

The Role of Risk in Valuations at Buy-Side Firms

Valuing different instruments and products is integral in the financial services industry as it affects multiple parties involved in any given deal or transaction. In the recent past, there has been an increasing awareness and interest in independent third party valuation services. This report looks at the role of risk in valvuations at buy-side firms.

Validation Approaches for ALM Models

The use of models within the financial industry has become prolific to the degree that their deployment has become responsible for a risk factor in and of itself: that of model risk. Although the benefits financial models can offer are considerable, a model that is ill-fitted to its task, applied improperly, poorly understood by its users or not subject to rigorous checks can potentially cause massive damage to a business.

Peter L. Bernstein Dies, Aged 90

Peter L. Bernstein, the author of Against the Gods: The Remarkable Story of Risk and other books, died on June 5th at the age of 90. Bloomberg reported that Bernstein, an economic historian who popularized efficient market theory, died of pneumonia on Friday, the New York Times reported. He was 90 years old and resided in Manhattan.

Turner Review Reactions

The Turner review, commissioned in October 2008 by The Chancellor of the Exchequer, and published in March 2009, looks at the causes of the current economic crisis and asks "what needs to be done to reduce the probability and the severity of future financial crises."

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