Securitisation is the isolation of a pool of assets and the repackaging of those assets for trading in capital markets. Securitisation began in the 1970s with US banks selling off pools of mortgage-backed loans

Dynamic financial analysis (DFA) is an application of mathematical modelling to businesses. DFA models the key elements that impact an organisation’s operations and simulates thousands of potential situations, determining the firm’s financial condition for each outcome.

Enterprise risk management (ERM) is a recent technique, practiced increasingly by large corporations in industries throughout the world.

Each year consumer products are involved in millions of injuries and thousands of fatalities. Responsibility for this rests with the manufacturers

The word actuary derives from the Latin actuarius, who was the business manager of the Senate of Ancient Rome. It was applied to a mathematician of an insurance company in 1775 in the Equitable Life Insurance Society of London.

ALM is universally defined as a comprehensive analysis of the asset portfolio in light of current liabilities and future cash flows of a going-concern company, incorporating existing asset and liability portfolios as well as future premium flows.

Reliance on models to price, trade, and manage risks carries risk. Models are susceptible to errors

“Cleanliness is next to godliness,” insists Caleb Fundanga, Zambia’s reforming central banker

In most western countries, the head of the central bank owes his appointment to the government but retains a fierce independence from it in matters of governance and policy

Age, it seems, doesn’t weary central bankers. The man behind the iron curtain of regulation descending on the European banking industry is 79 year-old Jacques de Larosiere, head of the so-called High-Level Group whose antidote against further failure will soon be rolled out

A central banker to his finger tips, Jean-Pierre Roth said it through clenched teeth: “We are not giving UBS a present”. But, upon closer inspection, there exists significant contradiction between the words and the deed

Stagflation is a term that came into common usage in the 1970’s, as first the Conservative Party, then the Labour government struggled with growing inflation and a slowing of the economy

Real estate is the world’s biggest single asset class. Typically, property accounts for two-thirds of the tangible capital stock in almost every nation’s economy

In a recent video conference lecture, Ex-Vice (and still wannabe) President Al Gore said; “in the next 40 years, there will be more building than in the previous 3,000 years.” In this of course he saw great environmental risks. Global financiers on the other hand should see huge opportunities. When most of the world’s 3.54 […]

Twenty years ago, writing in his seminal work, ‘The Alchemy of Finance,’ George Soros, probably the world’s most famous (or to some, infamous) speculator, was at pains to point out that markets are not efficient