UCITS III has direct implications on risk management activities of asset managers. On 13 February 2004, German regulators published a derivatives ordinance (German: “Derivateverodnung”, Derivate V) being the first regulatory body throughout Europe to implement the EU regulation into local...

The author, a stalwart of the UK Asset and Liability Management Association, provides a guide to the construction and make‐up of bond indices and argues that users should assess them in great depth until they gain a proper understanding of what they will gain from their use.

As the end of the 2006 deadline to implement regulatory changes being proposed by the Basel Committee on Banking Supervision looms closer, banks are battling to make their credit risk management systems compliant. But the majority are looking beyond the demands of the regulator. Some are...

The author, whose company runs training courses for the UK Asset and Liability Management Association, explains the rationale behind the training and importance of creating informed professionals within the asset and liability management community.

Advances ongoing risk management and opens with a short example of how one senior operating executive stated there were no risks to his business unit. Claims that managers cannot be blamed for lack of knowledge in this area, as it is only lately that new approaches, to use powerful tools in...

Looks at some case studies from the world of global risk management and analyses their successes and failures.

Wonders why there is so much excitement about risk management? States, whatever the reason, that organizations may lose out if they do not use the real value within the regulatory requirements (Turnbull/Combined Code). Posits that the effectiveness of risk management depends wholly on the...

Considers the difficulties experienced by banks in implementing integrated asset and liability management. Explains some of the measures needed in the worlds of credit risk and interest risk. Presents a matrix for risk management and encourages training in this area.

Looks at the benefits of embedding a risk management capability across a whole enterprise. Gives particular consideration to the creation of such a culture, outlining four factors characterizing this environment. Covers three key risk areas, and provides a model of the governance structure and...

Purpose – The article seeks to highlight an unconventional way out of the “innovation dilemma”, relevant to many business organizations. Innovative management and risk friendliness are necessary, but the way in which failure is handled and the resulting fear of making mistakes block the...