The financial crisis had many perpetrators but now this is about to change. In future there will be one that gets blamed. Since 2007 we...

Barclays £59.5m fine rests on two aspects of Libor “fixing”: Profit. As Trader B explains: “I really need a very very low 3m fixing on...

The earlier reported loss of $2bn at JP Morgan has reignited the debate “What use VAR?” VAR you will recall is a statistical technique...

There are solutions for sovereign borrowers with excessive debt. More borrowing Repayment Paying back with money worth less (inflation)...

Earlier I mentioned that bail-in may leave unsecured depositors exposed to a higher loss given default. But it doesn’t stop there. There...

In a regime of “too big to fail” the taxpayer bailed out banks. Whilst expedient at the time this led to the perception that the larger a...

There’s a lot of talk that the UK may lose its AAA debt rating. When this happened in the US government bond yields fell. So does it...

This isn't going to be popular with NEDs. It's something I've mentioned and it meets stiff resistance. The governance of banks and...

In 2012 you will see more pressure being brought to bear on explaining how you measure and price the risk in treasury and how...

Something to consider - is the FSA and the Bank of England run by a bright and talented group of people who have amazing foresight? Or...

You don’t have to be Greek to understand that something very wrong has happened. Public and private sector over leverage has led to the...

Yesterday I was taking part in a webinar on liquidity stress testing. I had a check list of nine points they are here: 1. Severe yet...

Here's a dilemma for a small bank. You have £20m of "spare" liquidity. What do you do with it? a. Deposit it all with Barclays? b....

The regulator is encouraging firms to become more proactive at looking at forward looking risk. Is that a good thing? It is not a panacea...

In PS 9/16 and BIPRU 12 the FSA defined what a firm could count towards its liquidity buffer. This was mainly high quality government...

Over twenty years ago I recall having a discussion with fellow dealers about how big our risk limits should be. We concluded that it was...

I was recently asked about covered bonds. This was timely since the Treasury has just published a review of the UK's regulatory framework...

If you have been working in or around treasury for the last two or three decades you will have seen some remarkable changes. One that is...

In the UK, Bank rate is 0.50% this is the lowest it has ever been since records began over 300 years ago. According to many economists...

When I see board risk packs there is more on liquidity, market and credit risk than ever before. That's a good thing, it promotes...