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Finance International

A Secret for Success: Understanding Risk Management

If the state of risk analysis could stand some improvement, what does that say about risk management?  The point is, flawed risk analysis leads to poor risk management: garbage in,

Europe Finance

Europe’s leaders far from banking union

On September 12th, the European Parliament adopted legislation, which will allow the European Central Bank (ECB) to take on new bank supervision tasks as part of the single supervisory mechanism.

Finance International

Prediction Markets may Revolutionise Business Forecasting

Prediction markets are a type of financial market (also known as information markets or event futures), in which participants trade in contracts whose payoffs depend on unknown future events. Of course,

Europe Finance

Cyprus Bailout Process Moves Forward Despite Risks

Monitors from the International Monetary Fund (IMF), the European Commission and the European Central Bank, collectively called the troika, visited Cyprus from July 17 until July 31 to assess the

Europe Finance

Financial service commission ban limits advisory market

Is commission equal to fraud? In Australia, the Netherlands and UK the answer is yes, and more countries look likely to join their ranks. Inherent to the commission system was

Europe Finance

The Eurozone Isn’t Quite Bailed-out Yet

According to several recent statistics, the Eurozone’s future is looking brighter than it has in a long time. Not only has Eurozone unemployment fallen for the first time in two

Asia Pacific Finance

China to Audit Local Governments and Reduce Financial Risk

On July 28th, China’s National Audit Office (NAO) announced that it will conduct a nationwide audit of government debt as Beijing tries to ascertain the financial risks to China’s continued

Finance North America

10 Facts about the Detroit Chapter 9 Bankruptcy

“They (outsiders) think Detroit is a dump. No respect. It’s a dump now. Detroit can’t even handle its own business? That’s sad.” — Detroit resident Everett Cottrell, 52. 1. The largest

Asia Pacific Finance

China’s Tug of War Between Central and Commercial Banks

Chinese banks experienced an unexpected credit crunch in the past weeks. On June 20, the Shanghai Interbank Offered Rate (SHIBOR) and overnight repo rate reached, at certain points, 25% and 30%

Finance North America

Convexity Hedging Increases Risk in US Markets

If you have been watching the yield curve for U.S. treasuries, you will have noticed a rise in interest rates pretty much across the board. As Treasury yields go north,