By Marvin M. Smith, Anthony Orlando, and Susan Wachter
“If price discovery continues to be unattainable in both the subprime, structured CDO and lower quality markets, and if bridges become non-liquefiable, then what we have is a ‘financing’ dilemma. With balance sheets in the dealer communities very heavy and ac-curate pricing a non-starter, the Fed may need to ease to prevent an asset valuation free fall…” – Robert Wolf, Chairman and COO of UBS Americas, July 20071
From global tourism to manufactured products, and from industrial processes to modern technologies order, the re-convergence of emerging markets and their economic dynamism are re-shaping the world, and they are simultaneously shaking it.
The credit crunch of 2007-2008 shares many similarities in terms of causes with the Depression Era and wave of bank failures which took place in the United States in the 1920’s. It would appear that legislative responses made by the government of President F.D. Roosevelt are finding resonance with today’s legis-lators, in particular a reintroduction of an updated form of the Glass-Steagall Act of 1933. This article suggests that legislative intervention in financial markets may be premature and counterproductive; the state, acting through regulators, has a poor record in matters of supervision and oversight.
The limited success over the past few years in reforming global financial governance means that there is a need to reassess the current strategy and tactics for achieving global governance reform.
By Baruch Lev
Managers need to be able to respond to investors’ concerns and regain their trust, but their response is seriously hindered by the numerous myths and misconceptions they hold about investors and capital markets. This article explains why.
The 2008 financial crisis showed that human emotion has a critical impact on financial markets. The newly established discipline of ’emotional finance’, pioneered by David Tuckett, draws on principles of psychoanalysis to enable financial markets to be understood in a completely new way.
Whisky is rapidly becoming the new wine as people look for different ways of investing and growing their cash. Independent whisky expert Dominic Roskrow looks in to the rise of liquid gold.
By Kfir Godrich, VP & Managing Principal for HP Technology Services
While many industry researchers present wildly differing ROI metrics for how a move to cloud computing will result in savings of anywhere from 30 to 50% into the 2020 timeframe, you need to take a closer look under the hood to understand the real total cost of ownership (TCO) picture. A “pareto” approach will start with how much can be attributed to virtualization efforts, how much can be gained through “bursting” techniques, and how much is related to actual changes in utilization and applications behavior?
The global financial crisis has prompted debate once again on how to improve the effectiveness of the board of directors at listed companies. What went wrong despite the reforms pursued over the past two decades?
Few, if any companies, can avoid using third parties when entering new markets. But the financial and legal risks involved can be incredibly high. How to understand the risks and assess these relationships appropriately and in an organised way?
