This paper provides an introduction to derivative products and markets. It also reviews the basic conceptual framework for asset pricing. Derivative products and markets are defined and insight into asset pricing is provided. This is based on assumptions of no-arbitrage and frictionless markets....

The collapse of Lehman Brothers Holding Inc. (LBHI) shuddered the whole banking and financial industry, and the world economy as well. The reasons for this failure have aroused academic interest and debate, and abundant research on the root causes of this “too big to fail” investment bank....

This paper poses the question of financial system design and banking industry structure. Specifically, it addresses the question of regulation of structure: which firms are qualified to develop a certain type of activity? We found that regulating the scope of the activities of banking...

Recurrence of financial turmoil and meltdown in the banking industry poses the endless question of appropriateness of risk management tools, techniques and strategies. This article provides a review of literature in the field of risk management in banking institutions. Specifically, it questions...