Financial institutions are stepping up their credit risk management policies and implementing new measures to control credit limits. The paper, Principles for the management of credit risk, places much emphasis on the responsibility of senior management to formulate, agree and implement a structured credit policy. Some of the main areas...
The growth in the use of over-the-counter OTC derivatives on the buy side has thrown up a number of challenges to those firms using such instruments, not least of which involve accurate valuations and efficient processing. This paper argues that it's high time that technologists start addressing these challenges by...
The Financial Information Exchange FIX protocol is not a new phenomenon in the financial services industry. In fact, its roots can be traced back to the early nineties, when Salamon Brothers and Fidelity designed a 'simple' electronic exchange network for communicating details of security transactions between the two institutions. But,...
For more than a decade, there has been much discussion on the topic of closer links between capital markets and reinsurance markets. The early catalyst of this discourse was Hurricane Andrew in 1992, which produced a devastating loss of $16bn for reinsurers, more than four times the size of any...
The global reinsurance industry is facing a looming shortage of capital. According to this article, industry leaders and stake holders in private and public sectors need to recognize this issue as a critical problem and work together towards a long-term solution. This article also examines why there is a need...
The Indian Ocean tsunami was a reminder to all of us of the fragility of our life on this planet when confronted by the powerful forces of nature. This article concludes through a brief discussion that as intelligent beings, we can develop means to lessen the destruction caused by natural...
The reisnurance industry is suffering from a crisis of confidence stemming from ratings downgrades, claims payment performance and, most recently, questions have been raised about long-standing industry practices, regulatory issues, and ethical standards. The collective reputation of this industry has taken a blow as a result. Several insurance brokers recently...
Over the past few years, institutions have attempted to diagnose the rating behavior of ratings agencies to manage their assets better. These approaches fall into two groups: 'through-the-cycle' TTC and 'point-in-time' PIT scores. Both offer benefits for different market segments, both require extensive amounts of information. However, sound data is...
This article focuses on the empirical properties of the dependence structure – also known as the copula function – of asset returns. The valuation of default-contingent instruments calls for the modeling of default mechanisms. A well-known dichotomy in credit models distinguishes between a ‘structural approach’, where default is triggered by...
This article describes how the ANZ bank chose and developed a "scorecard" approach to measuring operational risks, and how - 12 months after the start of the project - it is already achieving a more efficient allocation of capital. A year ago, ANZ came to the conclusion that it...
Article deduces that organizations need to rethink the roles of key financial instruments such as equity, debt and insurance as capital management tools, in order to maximize shareholder value. Competition has transformed the financial services industry, forcing financial service companies to invent a stream of new products and supply their...
Despite passionate predictions that Fortune 500 companies need enterprise-wide risk management systems, there are still hardly any takers out there to prove the point. An experts defines enterprise-wide risk management EWRM and discusses the logistics of integrating risk management functions at a major multi-national company and the overall wisdom...
Baynote, Inc. ( www.baynote.com ), the leaderin recommendations and social search, today announced that VignetteRecommendations has been named Best Web 2.0 Technology by UK-based IncisiveMedia at its inaugural Web 2.0 Innovation Awards presentation in London.The awards celebrate outstanding achievement and creativity in Web 2.0 andhonor products and services that deliver...
NEW YORK -- Incisive Media, a global leader in specialized business news and information, today announced the rebranding of its ALM unit, corporate parent to major brands including The American Lawyer, Real Estate Forum, Law.com and LegalTech. ALM, acquired by Incisive in August 2007, and ALM's various divisions, including Real...
Attendees are granted access to foremost search experts, search engines SAN JOSE, Calif. -- In the hottest region for technical innovation, marketers converge this summer at the premier Search Engine Marketing Conference and Exposition Search Engine Strategies SES San Jose 2008. The premier search industry event runs August...
Major Barbara (NT: OLIVIER, LONDON) Nicholas Hytner's incisive revival revels in the argumentative energy of Shaw's satirical drama. Simon Russell Beale is cast against type as the indomitable arms tycoon. (020-7452 3000) to Thur That Face ...
NEW YORK, June 18 /PRNewswire/ -- Angela Leaney has joined Newsweek Magazine as Chief Marketing Officer, Newsweek Chief Executive Officer Tom Ascheim announced. "Angela brings us her broad experience and incisive intelligence," said Ascheim. "She will help make our voice clear and distinct in the changing media...
Search Engine Marketing Training Now Available in Seattle SEATTLE -- Savvy marketers know that no matter what they've achieved so far for search engine marketing, they cannot afford to rest on their laurels. Competitors are becoming craftier and search engines themselves are always changing the rules of the...
Romersholm Almeida In Ibsen's rarely performed transitional play, the psychoanalytic and the political are arrestingly intertwined. Anthony Page's production is lucid and compelling, and Helen McCrory gives a brilliant central performance. To 5 Jul Major Barbara NT: Olivier Nicholas Hytner's incisive...
Romersholm Almeida In Ibsen's rarely performed transitional play, the psychoanalytic and the political are arrestingly intertwined. Anthony Page's production is lucid and compelling, and Helen McCrory gives a brilliant central performance. To 5 Jul Major Barbara NT: Olivier Nicholas Hytner's incisive...
