systemic risk
Recent market volatility has been driven by speculation about what the Fed will do next.
Simon Johnson considers systemic risk today and how we can counteract it.
“Money in COVID Times” is an analysis of how the role of central banks in the market and the economy has changed since 2008. From this perspective, the COVID-19 situation has only exacerbated the transformation of central banks into entities that act as lender and market maker of last resort, every time markets experience a level of stress that could reverberate across money markets, including credit and financial assets used as collateral. Together, the various stratums of money markets have replaced traditional banks as a supply chain for capital markets activity.
Jon Lukomnik and James Hawley discuss their new book Moving Beyond Modern Portfolio Theory.
Is 2020 the watershed year when the world begins to understand the concept of systemic risk in our interactions with the natural environment?
The Systemic Risk Council, sponsored by CFA Institute, says the Covid-19 crisis does not need to lead to an economic meltdown. It calls on the authorities of the major economies to work together… READ MORE ›
Do exchange-traded funds (ETFs) pose systemic risk? Or are such concerns exaggerated? A panel of experts weighed in.
In response to the US Treasury’s June 2017 report, the Systemic Risk Council warns that some of the proposals could jeopardize the financials system’s resilience.
With Brexit looming, parts of Dodd-Frank on the chopping block, and other stressors on the global community, now is not the time for complacency in financial reform.
Sir Paul Tucker is not shy about making an audience feel uncomfortable, Mark Harrison, CFA, observes. In fact, the crowd was rather ill at ease during Tucker's presentation at the 70th CFA Institute Annual Conference, and not just because the topic was systemic risk.