The capacity and incentives to take risks have “clearly overwhelmed” any
improvements in risk management, Jaime Caruana wrote in a paper he delivered to
a gathering of central bankers in Sydney today. Financial companies alone can’t
keep underlying risks in check and will need help from
By Shamim Adam The capacity and incentives to take risks have “clearly
overwhelmed” any improvements in risk management, Jaime Caruana wrote in a
paper he delivered to a gathering of central bankers in Sydney today. Financial
companies alone can’t keep underlying risks in check
The amount of so-called distressed securities, or bonds yielding at least 10
percentage points above benchmark rates, fell to $117 billion from $250 billion
six months ago, according to Bank of America Merrill Lynch index data. The
market is pricing in a default rate of 0.3 percent in a year,
The capacity and incentives to take risks have “clearly overwhelmed” any
improvements in risk management, Jaime Caruana wrote in a paper he delivered to
a gathering of central bankers in Sydney today. Financial companies alone can’t
keep underlying risks in check and will need help
The amount of so-called distressed securities, or bonds yielding at least 10
percentage points above benchmark rates, fell to $117 billion from $250 billion
six months ago, according to Bank of America Merrill Lynch index data. The
market is pricing in a default rate of 0.3 percent in a year,
The cost to buy protection against an Australian sovereign default rose 6 basis
points to 71 basis points, according to Deutsche Bank AG. That’s the highest
since May 15, prices from CMA DataVision in New York show. The Markit iTraxx
Australia index of credit-default swaps on 25 Australian
The guarantee, which was announced in October 2008 after the collapse of Lehman
Brothers froze credit markets worldwide, will be withdrawn March 31 because
funding conditions have improved, Treasurer Wayne Swan said yesterday. View
what investors think of Australia's banks: See the results of
Macquarie Group has said its second-half profit could be up as much as 10 per
cent over its first-half result as economic conditions around the world
continue to trend back to normal. However, the homegrown investment bank
maintained its trademark caution, saying it expects profit for the
Feb. 8 (Bloomberg) -- The combination of record earnings growth and the fastest
withdrawals from mutual funds since before credit markets froze is creating
opportunities for Mario Gabelli . The biggest rally since the Great Depression
gave way to a 8.1 percent retreat in the S&P 500
The Australian stock market has received a mixed set of leads from overseas
markets, with Wall Street's main indices themselves mixed but oil and metals
prices higher. This morning on the Sydney Futures Exchange, the March share
price index contract was 31 points lower at 4442. Yesterday,
By Shamim Adam The capacity and incentives to take risks have “clearly
overwhelmed” any improvements in risk management, Jaime Caruana wrote in a
paper he delivered to a gathering of central bankers in Sydney today. Financial
companies alone can’t keep underlying risks in check
