Category Archives: Risk and risk management

The UK’s Reform of Limited Partnership Law: Dead on Arrival (I)

Scottish Limited Partnerships and International Crime: NO evidence??

CalPERS Admits Its New Private Equity Funds Will Dilute Returns, Seeks to Change Benchmark to Hide That; Presents Other Questionable Claims as Top Investors Underperform Due to “Alternative Investments”

Awfully late in the game, CalPERS finally tries to ‘splain its private equity plans. The giant fund only digs its hole deeper.

Is This Time Different? Examining Recent Emerging-Market Turbulence

Some emerging-market economies look wobbly. How likely are we to see more crises?

Boeing, Crapification, and the Lion Air Crash

Boeing looks culpable for the Lion Air crash that killed 189 people.

Contagion in the European CoCos Market

the possibility that the coupon payment on the CoCos issued by a single bank might be suspended led to very adverse dynamics in the entire market for CoCos that cannot be totally explained by banks’ fundamentals.

Mr. Market’s Hissy Fit May Be Over….For Now

Puzzling out the markets have changed, and not changed, since the crisis.

Bankers’ Liability and Risk Taking

Why limited liability for banks is not such a hot idea.

The Bank of International Settlement’s Claudio Borio, Who Warned About the Crisis, Says the World Economy Is About to Get Very Sick

BIS chief economist Claudio Borio warns that central bankers have overdone the liquidity party, and investors are not being paid enough to take ris

Something Russia and EU Appear to Agree on – the Euro

The very rational case for Russia and the EU to trade oil in euros.

Post Crisis Measures Have Failed to Tame Derivatives Risks

Derivatives remain an untamed systemic risk.

Why Central Banks Should Not Be Inflation Nutters

Central banks need to stop fighting the last war.

Jumping the Abyss: Marriner S. Eccles and the New Deal, 1933-1940

An in-depth look at Marriner Eccles’ ideas and policies, and how well they have withstood the test of time.

Marcie Frost’s Poor Job as CalPERS CEO – Gutting the Audit Function

CalPERS is undermining the performance of its audit unit, a critical control function. The fact that CEO Marcie Frost either doesn’t care, or is not even on top of things enough to know, is yet another sign of her incompetence.