Category Archives: Risk and risk management

What Should the EU Do About the Turkish Currency Crisis?

The Turkish lira has been under significant pressure in recent weeks. What is the EU’s exposure to possible crisis in Turkey and how should the EU react?

Bill Maher Leads Attack on Larry Wilkerson over Trump Meeting with Putin

Larry Wilkerson is roughed up by Bill Maher for the crime of saying taking steps to avert nuclear war with Russia is a good idea.

Will Investors Like CalPERS Fall for Private Equity’s Long-Lived Fund Con?

Beware of the private equity “innovation,” the long-lived or “permanent capital” fund. It is virtually guaranteed to short change investors on returns needed to compensate for the longer holding period.

Wolf Richter: Deutsche Bank CoCo Bonds Plunge, Shares Hit Record Low, after US Entity Makes FDIC’s “Problem Bank List”

Double whammy regularity revelations wallop Deutsche bonds and shares, raising the old question: When will she buckle?

Wolf Richter: Big Reset Looms for Corporate Credit Market

Collateralized loan obligations and other risky corporate credit assets are trading at tight risk spreads despite stock market upheaval. What gives?

Shareholder Proposals Target Climate Change Risk

Shareholders step up demands for companies disclose more information about the impact of climate change; these calls extend beyond energy companies.

Mr. Market Has a Meltdown

Musing on the market swan dive yesterday.

SEC Stymies Plans to Offer Bitcoin Funds Anytime Soon

SEC staff letter raises detailed concerns about offering products based on bitcoin or other cryptocurrencies to retail investors.

Meltdown and Spectre FAQ: Crapification at Scale

Billions, nay trillions, of processors. What, if anything, to do?

The Inner Workings of the Board: Evidence from Emerging Markets

What makes a board effective?

Exploiting the Elderly: Crapification and Long-Term Care Insurance, Genworth as Case Study

Genworth’s flagging long-term insurance business as a window into the challenges facing even the high-functioning elderly.

Artificial Intelligence and the Stability of Markets

AI may revolutionise risk management and financial supervision, but also threatens to destabilise markets and increase systemic risk.

New Potential Credit Risk Bombs: Exotic, ‘Nonlinear’ and Private Transactions

Beware of old CDO risk re-imaged as “nonlinear finance”.

The Wine Country Fires: Is Pacific Gas and Electric (PG&E) a Rogue Utility?

PG&E, tree-trimming, and profit.

CalPERS Doubles Down on Its Illegal Election, Makes “Absurd” Claim That It Is Above the Law

CalPERS refuses to change its election procedures to comply with California law, and has doubled down on ridiculous justifications instead.