Category: Financial regulation

The folly of Value-At-Risk

The spread of the Value-At-Risk approach to risk management to banks, fund managers and insurance companies is creating financial risk.

A Single Global Financial Market

In the end, will there be a single global financial market? Where will it be, who will regulate it and what will be the wider consequences for investment, capital flows and economic growth?

Where have all the financial risks gone?

Banks have repackaged and sold on their risks - who has them now? Who will be the victims of the next financial crisis?