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Tag: credit risks
The federal Office of Financial Research was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The Director of the OFR, Richard Berner, recently spoke to a meeting of actuaries, and provided some interesting insights into […]
A new BIS working paper finds that syndicated interconnectedness causes relatively mild shocks, if they affect the entire network, to be more problematic than the failure of a single active member In 2007, before the financial crisis started unfolding, syndicated […]
Responding to competitive pressures, abundant liquidity, and the desire for yield in the low interest rate regime, banks have eased underwriting standards and enhanced levels of credit risks, reports an OCC survey. The Office of the Comptroller of the Currency’s […]
Crude oil prices began to slip this summer, and the sell off accelerated into a rout over the last few weeks as OPEC nations could not agree on a production cut. Oil prices have dropped to below $70 per barrel […]
Putin, Energy Markets And The Colder War by John Mauldin, Mauldin Economics The story of energy is the story of human expansion. From the days when we roamed the African savanna, we tamed first fire and then other forms of […]
The Liquidity Illusion: Pension Funds Should Rethink Fixed Income by Matthew D. Bass, AllianceBernstein Pension fund managers, like many investors, have historically paid a premium for liquidity. Lately they’ve started to realize that liquidity can be an illusion—but it can […]