| Interest Rate Risk: The Big QuestionInterest rates, which in the U.S. have been in decline for more than 30 years, have essentially hit rock bottom and are inevitably going to rise. Will that turn be gradual or sharp? |
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| Light on the ShadowNew reports from Celent and the Dallas Fed size up the shadow banking problem and map out some solutions. |
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| Turning Black Swans Gray Gray swans may be unlikely, but if you know how to look for these high-impact events, you can see them coming. |
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| Stress Testing in the Time of CholeraAs the Fed tries to nurse a choleric economy back to health, it should formulate a stress-testing strategy that aligns with its monetary policy objectives, argues the senior director of credit analytics at Moody's. |
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| Sheila Bair on Risk and RegulationAs an author and systemic risk observer, former FDIC chairman Sheila Bair continues to fight to strengthen the financial services sector and its risk controls. |
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| Moody’s, State Street, Prof. Lo Organize Systemic Risk ConsortiumBuilding on ideas of MIT professor Andrew Lo, a newly formed consortium is sending a message that systemic risk management is not just the regulators' business. |
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| Systemic Risk StudiesAs technological innovations spur rapid changes in financial systems, Stevens Institute of Technology's new lab aims to remain ahead of the curve. |
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| Assessing Systemic Risk: Past, Present and FutureWhat is systemic risk? What steps are regulators taking to mitigate it? Which indicators can we use to rank it, where is it most prevalent, and how are systemic institutions interconnected? |
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| Systemic Vulnerabilities and Systemic Risk AnalysisSystemic risk is a global phenomenon that encompasses many sizable financial enterprises and needs to be monitored and measured by multiple global regulators. It cannot be dealt with from regulatory silos. |
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| A Systemic Risk Success StoryCLS Bank stands out as a compelling case study of collaborative action and risk reduction in global financial markets. The foreign exchange market, in this case. |
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| Partnership in AggregationIn 2009, foreign exchange settlement standard-setter CLS Group formed a joint venture with interdealer brokerage giant ICAP to provide trade aggregation services for participants in the over-the-counter FX market. |
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| Call for ClarityIn a congressional hearing two years ago, Alan Greenspan, who oversaw U.S. monetary policy and promoted deregulation for nearly two decades as Federal Reserve Board chairman, admitted he was shocked to have found “a flaw in the model that I perceived is the critical functioning structure that defines how the world works.” Now the tide has turned, and supervision and governance are key issues. |
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| The Major Risk Management Challenge of This DecadeNo longer is systemic risk -- the chance that a single event or series of events will collapse an entire system -- simply an academic discussion relegated to the classroom. |
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| E Pluribus UnumThe more financial institutions are made the same, the less likely it is that some will survive the next crash. |
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| A Call to Create a Systemic Risk AgencyA systemic risk agency, separate from the regulatory apparatus, should ensure that high-quality information about risks flows not only to top management and directors of financial firms, but also to top levels of the regulatory system. |
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