Need a Loan in China? Hand Over a Nude Photo
Lender demands in China as a sign of credit stress.
Read more...Lender demands in China as a sign of credit stress.
Read more...The threat to the financial system posed by cyber risk is often claimed to be systemic. This column argues against this, pointing out that almost all cyber risk is microprudential. For a cyber attack to lead to a systemic crisis, it would need to be timed impeccably to coincide with other non-cyber events that undermine confidence in the financial system and the authorities. The only actors with enough resources to affect such an event are large sovereign states, and they could likely create the required uncertainty through simpler, financial means.
Read more...Believe it or not, a case study on major approaches to investing that is both informative and fun to read.
Read more...CalPERS tells its board that the very same lax risk management oversight structure that led to the London Whale fiasco is “best practice” when it clearly isn’t.
Read more...The New Abnormal: a period of profound disequilibrium as the aftershocks of the Crisis collide with and complicate structural changes.
Read more...A sceptical look at Jürgen Mossack’s WSJ interview
Read more...Health care loans are the equivalent of mortgages for large health care expenses. What could go wrong?
Read more...A quick look at Breder Suasso, a New Zealand FSP with historic links to disreputable Panamanian law firm Mossack Fonseca
Read more...First a political fracas in Malta, now a giant international bribery scandal: New Zealand Foreign Trusts cover themselves in more glory
Read more...The more you look at negative interest rates, the harder it is to find anything to like.
Read more...A little sniff at the New Zealand operations of notorious Panamanian law firm Mossack Fonseca
Read more...Banks have gotten a painful reminder that originating risky assets like junk bonds and loans can leave them holding the bag.
Read more...After many warnings were ignored, New Zealand Foreign Trusts are now damaging NZ’s reputation overseas
Read more...The Fukushima site is still leaking radioactive water and the cleanup and remediation will take decades.
Read more...Mossack Fonseca and its trail of street protests: they are in it up to their thighs, and HSBC’s Stuart Gulliver has “no idea”.
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