... capital, on the other hand, is the sum that the regulator demands a bank to hold and protect against systemic risks to the banking system as a whole, which could also affect countries or governments. © Authors 2004 Risk management Credit Investment The new capital accord, otherwise...

... Limited 2003 Assets management Investment Markets are shockingly inefficient : investors extrapolate past trends in error, and over‐pay for “comfort”, which a contrarian investor can reliably exploit. Mean reversion drives everything : in all capitalist economies, high profit margins...

...Yen Yee Chong The author suggests that methods for rating investment risk are flawed. He suggests a risk analysis, management and projects (RAMP) approach. Number‐crunching will produce better results than listening to analysts. Corporate governance and operational risk management reflect a more...

... will be the crucial competitive advantage. “As knowledge is power”, she says, “knowledge is more powerful today than ever before”. © Company 2002 Assets management Investment Insurance Risk management Knowledge management Regulations Investment consultants have established a niche...

... choices, he thought. The world economy was unlikely to come through unscathed. Smithers turned his attention to a comparison of non‐residential private sector fixed investment in Japan and the USA. “The current disequilibrium is shown up most clearly in the excess level of investment”, he said. “Unless...

...Joseph Mariathasan Investment markets are becoming less rather than more efficient. The author argues that this is because qualitative analysis depends on individuals who are not objective but rely on value judgements which are sometimes successful and sometimes not. The results also depend...

.... They advocate value‐based management. © MCB UP Limited 2002 Investment Benchmarking Values Shares Purchasing Shareholders At the other extreme is AOL Time Warner. During 2000 their book value increased from $US16.4 billion to $US156.6 billion. This spectacular increase in book value...

...Roger Bootle In recent years investment research has been produced by banks and investment houses which have conflicting interests between clients as investors and clients as investment targets. This creates problems for large institutional investors. They need independence and more focused...

... as everywhere else in contemporary society to the idea that risks must be driven out. He argues that global financial markets are risk averse and that as a result companies focus on financial returns rather than their core abilities. Another example is investment funds. While such funds account for the bulk...