The purpose of this blog is to discuss big picture issues that surround issues that face senior managers and their risk departments within the financial industry. The goal is not to name and shame those houses that have done a poor job of risk managing i.e. have blown a whole in their capital base, rather to concentrate on whether there are lessons to be learnt.
Risk management of financial entities can involve high degree of derivative knowledge and detailed understanding of their models. I will try to steer away from that type of discussion, rather focus on the dynamics associated between those that are given free reign to take risk and their relationship with those that sponsor them - either directly through management or indirectly through access to liquidity or balance sheet.
The tone of the blog is always going to be slightly on the dark side, given we are focusing on post mortems of recent disasters , but will try to keep things upbeat. I will make sure the blog does not descend into an expose of financial excess, I will leave it to the Spectator to do that!
I look forward to anyone providing insights or experiences, I hope you keep to the spirit in which this blog is intended. I cannot accept any entry that names any financial institute that remains a going concern.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment