CFA Institute Risk Management

This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance during the Recent Financial Crisis

Thu, 25 Apr 2013 12:25:49

Evidence indicates that a bank?s stock return performance during the 1998 crisis predicts its stock return performance and probability of failure during the financial crisis that started in 2007. The authors? findings are consistent with persistence in a ...

Where Credit is Due: The Opportunity in "Alternative" Fixed Income

Mon, 29 Apr 2013 13:21:41

An overview of the advantages of "alternative" fixed income investments in overcoming the major issues confronted by fixed income investors currently.

Present and Emerging Risks to the Gold Trade

Tue, 30 Apr 2013 10:26:30

The authors posit that gold prices are driven both by global monetary policy and emerging markets consumers. Given the cyclical and structural challenges facing the Chinese and Indian economies, both big consumers of gold, the authors believe the risks ...

Why Shadow Banking Is Yet to Destabilize China's Financial System

Tue, 30 Apr 2013 11:02:17

This article provides a rigorous overview of shadow banking in China. Several recent high-profile incidents, such as those involving CITIC Trust, Industrial and Commercial Bank of China, and Hua Xia Bank have highlighted how risky the underlying assets ...

Update to the Update: The Attack on Gold

Tue, 30 Apr 2013 11:08:06

Dr. Paul Craig Roberts, former assistant secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal, reviews and assesses the crash of gold and silver prices in mid-April 2013.

Smart Beta 2.0

Tue, 30 Apr 2013 11:18:31

This research, presented by EDHEC-Risk Institute, shows that existing ?smart beta? market indexes have inherent systematic and specific risks that are neither documented nor explicitly controlled by their sponsors or promoters. Initial results of the ...

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Thu, 02 May 2013 08:50:30

The Asset Manager Code of Professional Conduct (the Code) is intended to help investment managers provide services in a professional and fair manner, and to make full disclosure of key items. The body of standards specifies the general responsibilities ...

Getting Pandas to Breed: Paradigm Blindness and the Policy Space for Risk Prevention,Mitigation and Management

Wed, 08 May 2013 14:15:32

Internal and external pressures force organizations to adapt their decision-making process concerning risk, sometimes with potentially unfavorable results. The author explores the causes and consequences of paradigm blindness that contribute to ...

Assessing Strategies in Tail-Risk Protection

Mon, 13 May 2013 16:05:32

Tail-risk hedging is designed to protect investors against tail risk events, but like other forms of insurance, it involves material costs. Weighing the cost of a strategy?to the extent that it can be ...

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Mon, 13 May 2013 16:35:30

Apologia Pro Vita Sua

Tue, 14 May 2013 10:31:42

In this article Derman reflects on the moral dimensions of the derivatives business. Registration/subscription may be required to access this content.

Rethinking Portfolio Risk in Asset Management

Thu, 16 May 2013 08:30:53

Existing risk measures for portfolio performance are leading investment managers to misallocate capital. Corrective actions by the investment community can lead to huge payoffs because of better allocations. It is important to remember that opportunity ...

C?digo de conducta profesional del gestor de inversiones

Fri, 17 May 2013 16:00:15

Australia Investment Conference

Fri, 10 May 2013 05:18:51

Against the backdrop of a lingering euro zone crisis, Australia enters a new era marked by the heightened risk of weakness among its major trading partners ? uncertainty surrounding China?s economic outlook and fragility of U.S. economic recovery. This ...

IACPM 2013 Spring Conference

Wed, 01 May 2013 15:40:12

The IACPM 2013 Spring Conference is a two day conference with one or two plenary sessions each day followed by stream sessions in two to three parallel streams.IACPM conferences are typically attended by 200 to 300 credit portfolio management ...

29th Annual Insurance Conference

Fri, 03 May 2013 11:17:40

Standard & Poor?s Ratings Services Annual Insurance Conference is one of the industry?s must-attend events, where company executives and investment/credit professionals come together to share perspectives and analysis of current trends and issues in ...

Behavioral Risk Management

Fri, 03 May 2013 11:37:51

Enhance your risk management skills by being exposed to a different, eye-opening view of risk management and explore the application of psychology in identifying and managing risk.Continuing Education InformationAs a provider-level participant in the ...

Equity Minimum Risk Strategies: Another Passing Investment Fad?

Tue, 14 May 2013 10:55:40

Equity minimum risk or low volatility strategies have recently received a lot of attention from both the press and investors. Is this strategy another passing fad, or is there investment substance to this approach?

Basel II and III: Bank Capital Adequacy - Hong Kong

Tue, 07 May 2013 15:38:22

This two-day introductory course offers an overview of the key tools and concepts of credit risk management in financial institutions and how they fit into Basel II capital allocation. This course provides participants with a deeper understanding of how ...

Risk Management in Banks & the Capital Implications - London

Tue, 07 May 2013 16:17:42

This two-day workshop offers a deeper understanding of the key risks faced by banks and how these risks are addressed by regulators under Basel II & Basel III, and internal economic capital models. It provides an overview of lessons learned and best ...

Sovereign & Country Risk - New York

Tue, 07 May 2013 16:42:15

This two-day workshop, for those without a formal economics background, offers a structured approach to the analysis of country and sovereign risk in both emerging and mature markets and reviews lessons learned from both the current and previous ...

Predicting Risk for Short Investment Horizons

Tue, 14 May 2013 11:08:16

In this presentation, Jose Menchero discusses the construction of factor models for predicting risk at short investment horizons. He describes calibration of model parameters and tests of forecasting accuracy. He also discusses the effectiveness of a ...

Comparable Analysis by the Marquee Group

Tue, 14 May 2013 11:08:50

This course is focused on providing an understanding of comparables-based valuation analysis which is an essential component in valuing companies and assets. Comparables valuation involves both technical skills and solid business judgment.

The Global Impact of the U.S. Shale Energy Boom (Take 15 Series)

Tue, 23 Apr 2013 15:25:47

Robert Johnston, director of the global energy and natural resources practice at Eurasia Group, addresses the prospects for the U.S. becoming a natural gas ?superpower,? and the global geopolitical and investment implications of the U.S. shale energy ...

How the Global Pension Cliff Will Redefine Risk

Thu, 09 May 2013 17:00:13

Ronald J. Ryan, CFA, discusses various risk factors in pensions and other post-employment benefits. He focuses on topics such as why the wrong objectives may be the greatest risk of all, unfunded liabilities, and the future of risk management.

Detecting Asset Bubbles Before They Burst (Take 15 Series)

Fri, 17 May 2013 14:29:22

Vikram Mansharamani, a lecturer at Yale and author of?Boombustology: Spotting Financial Bubbles Before They Burst, discusses five lenses for identifying historical asset bubbles that then burst and provides examples of where his lenses point to a bubble ...