Recognising the risk of derivatives

Article Abstract:

The collapse of British merchant bank Barings PLC serves to illustrate the need for business to exercise proper risk management strategies. The fact that a single derivatives trader could cause the demise of the bank shows that there was a basic problem of inadequate risk management and lack of internal control. Clients of banks should be aware that there may be a possible conflict of interest between the advice the banks give and their proprietary dealing activity. Companies must protect themselves from their bankers by considering the safety not only of their cash balances but also that of indirect holdings.

Branch banks

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EMU: a risk to Britain?

Article Abstract:

European monetary union (EMU) certainly offers some advantages for the UK's larger companies. In particular, it would abolish currency risk and cut transaction costs in Europe. However, it is worth taking into account that EMU could also have a negative impact, especially if it causes the European economy to stagnate. Participating in EMU appears to present more serious political and economic dangers than not doing so.

Economic aspects, Monetary unions

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Business bashing is back

Article Abstract:

Attitudes to business in the UK and the US in 2000 are examined, with focus on US presidential candidate Al Gore's attacks on corporate power and distrust of drugs companies in Europe.

Social aspects, Political activity, Beliefs, opinions and attitudes, Big business, Gore, Albert, Jr., Europeans

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