Radioactive Waste Still Leaking Five Years After Fukushima Nuclear Disaster
The Fukushima site is still leaking radioactive water and the cleanup and remediation will take decades.
Read more...Category Archives: Risk and risk management
HSBC’s Money Laundering Nightmare (2): Mossack Fonseca, a Year in Words and Pictures, March 2015-March 2016
Mossack Fonseca and its trail of street protests: they are in it up to their thighs, and HSBC’s Stuart Gulliver has “no idea”.
Read more...The UK’s Money Laundering Mess (III): LLPs, Secrecy Jurisdictions, PSCs, and a Forthcoming Fiasco
Why the UK’s latest anti money laundering measures don’t look very convincing
Read more...The Financial Times’ Revisionist History on Hedge Funds’ Failure to Deliver Manager Outperformance, or Alpha
Repeat after me: hedge funds produce little to no alpha, and contrary to what the Financial Times would have you believe, investors have known that for quite a while.
Read more...Anyone Want to Buy Deutsche Bank?
Some more reasons why Deutsche Bank looks like one to avoid
Read more...Cyber Security and the Financial System – Why Technology Snake Oil Sells
How banks finesse cyber security risks despite hand waiving by governments and exhortations for the industry to “do something”.
Read more...Cyber Security and the Financial System – What Do Governments Want from the Banks?
Governments are combining aggressive, ambitious talk with a curious helplessness in warning banks they really should be Doing Something about terrorist risk.
Read more...Wolf Richter: Financial Chaos, Junk Bond Edition
Junk bonds are at 2008 bottom levels by some measures. But are they a bargain, or a falling safe?
Read more...Capital Requirements: Another Odd Attempt to Declare Victory on Dodd-Frank
I suppose we’re going to have to deal with half-truths and logical stretches about Dodd-Frank right through until November, but Bernie Sanders’ focus on Wall Street has really ramped this up of late. The trajectory appears to be a show of proof of some sort, followed by a blog link from Paul Krugman, at which point the citation hardens into conventional wisdom. The version of this that began a few days ago with Wonkblog’s Matt O’Brien has a level of truth to it, of course, but I don’t think it reveals exactly what its endorsers think.
Read more...CalPERS Takes on Risk Where Federal Government Fears to Tread: Provides Liquidity to a Derivatives Central Counterparty on the Cheap
CalPERS has engaged in one of the most bone-headed moves ever, the financial equivalent of picking up pennies before a steamroller.
Read more...Wobbly Italian Banks May Get “Bad Bank” Resolution Vehicle
Italian banks’ extend and pretend game may be coming to an end.
Read more...Funds Hold Most Cash Since GFC
Fund manager cash holdings are at crisis-bottom levels, typically a sound bullish indicator. But will history predict the future this time?
Read more...What’s Your Threat Score?
Pre-crime has arrived.
Read more...Why Larry Summers is Wrong and Bernie Sanders is Right on Glass Steagall
Larry Summers, acting as a proxy for Team Clinton, attacked Sanders’ reform proposals, particularly the an updated Glass Steagall. Her’s why Summers is wrong.
Read more...CalPERS: Stockholm Syndrome and Cowardice on Private Equity Fee Disclosure
I have wanted to leave CalPERS alone. Really. Truly. But they keep asking for attention in the worst possible way.
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