A riskier world
Article Abstract:
The banking industry changed radically during the 1970s, leading to confusion and poor risk management during the 1980s. Many banks and other financial institutions suffered fiscally, and a new awareness of international competition and the trend toward deregulation is needed.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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Damned derivatives
Article Abstract:
Derivatives, or financial instruments designed to diversify investments and hedge risk have been used for some time, but they became particularly popular in recent years. A bank cannot be entirely risk averse, or it cannot make money, and derivatives can be complex.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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