Posits that the entire financial future of the world, owing to financial instruments, will change – to the benefit of society. States that the arrival of derivatives poses three dangers: systemic risk; lack of control of the use of derivatives; and the risk of capital market mis‐reporting....

Discusses the 1988 Basle Accord and the effect it had on banks internationally plus the more recent amendments dealing with various matters and the 1999 proposals that promise change. Posits that the 1999 proposals envisage three pillars with definite aims, these are examined in depth. Concludes...

Examines the securitization market and explores the factors which fuel grounds for growth in this market and whether, in light of proposed BIS changes, it will continue to expand. Discusses possible pitfalls and itemizes these with further explanations. Looks at the situation in three countries...

Looks at the problems and fears surrounding banks and financial institutions with regard to the Y2K computer systems date programs. Discusses the possible scenarios for the midnight of 31 December 1999 and that even with all the planning involved, no‐one was sure of the outcomes and the...

Wonders why assurance has, in its existing form, failed in certain areas in the world. Uses comprehensive figures with an in depth explanation of what has gone wrong in assurance. States the direct approach has failed and, in so doing, has brought about the collapse of entire organisations....

Discusses a talk given by Ross Jones at the UK Asset and Liability Management Association about the effect globalization is having on the increased lack of financial controls. Looks at the history of liquidation and how it was achieved. Further investigates IT and the markets and how they have...

Examines outsourcing various functions such as internal audit and suggest caution should be the watchword. Proposes that certain businesses can be improved by outsourcing, in that they may support the overall business. Warns that outsourcing’s objective should be to free up management and...

Investigates company Web sites and the use by them of IT. Posits that some companies are too much in a hurry to understand what is going on in IT, while others are just plain scared of the new technology. Looks at risk with regard to security and whether risk is changing for better or worse....

Examines the rapid advances in risk measurement capabilities of financial institutions with the Basle Accord standards firmly in mind. Gives firm guidelines from the Basle Committee and recommendations and examples. States many financial institutions have developed methods for relating risk to...

Takes a humorous view, using Sherlock Holmes and Dr Watson, in setting up a hypothetical case of derivative investigation by the two sleuths. Asks a few questions along the way and uses a figure to add emphasis to “the entangled equilibrium of principal and interest”. Cryptic clues abound in...