Bank involvement with derivative activities--both for risk management and as a line of business--is considerable, and supervisory authorities are paying heightened attention to securities markets. This paper discusses the components of risk management in terms of legal, operational, credit and...

This background paper of the report MIF/GN-78-4 "Evaluation of MIF Projects - Financial Reform and Capital Markets", November 2002, seeks to give the reader an appreciation of the enormous difficulties under which the MIF began operations. At the beginning of the 1990s, financial legislation,...

Bank involvement with derivative activities--both for risk management and as a line of business--is considerable, and supervisory authorities are paying heightened attention to securities markets. This paper discusses the components of risk management in terms of legal, operational, credit and...