:FEK<EKJ;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;)''0
.
-+
Optimum
art/Qualitative ,'
('
Risk part/Qu ,-
;<G8IKD<EKJ
(;;=ifd;k_\;<[`kfi;
Who Are the Bosses?
-;:feki`Ylkfij
.;;LG=IFEK;
Parallel organizational changes at the FSA and SEC; uncer-
tainty and opportunity on the currency front; endowments
ZIQ[M;\PMQZ;\MKPVWTWOa;IV\M#;\PM;8M_;<Z][\[;\IKSTM;ÅVIVKQIT;
reform; and more.
(/;;@E;LJKIP;:FDD<EK8IP1; 8;Df[\c;;\]\ej\;;;
Quantitative risk models have their place, particularly
_PMV;[]XXTMUMV\ML;Ja;P]UIV;R]LOUMV\;;
++;;I`jb;>fm\ieXeZ\;Xk;CXi^\;9Xebj
Questions about the independence of boards of directors
in their risk oversight role.
,';;<ID1;I`jb;KXofefdp
Banks’ route to risk integration, responding to the growing
VMML;\W;IVITabM;IVL;UIVIOM;MV\MZXZQ[M;ZQ[S;QV;I;]VQÅML;IVL;
cohesive manner.
,-;;DF;<C@E> 1;;
DXeX^\d\ek;Xe[;k_\;?flj`e^;:iXj_
Executives who were quick to blame risk models for their in-
ability to predict the downturn should take a closer look
in the mirror.
-);; 9<JK;GI8:K@:<J1;;\]Xlck;GifYXY`c`k`\j;
The predictive limits of CDS quotes.
-+;;9FFB;I<M@<N1;K_\;=cXn;f];8m\iX^\j
-/;;:I<;@K;I@JB1;KiXej`k`fe;DXki`Z\j
How to factor in economic cyclicality.
