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Back-to-basics on the defensive: Now what for the risk profession?
Journal of Risk Management in Financial Institutions,
1
(4),
452-457
(2008)
Abstract
Recent problems in financial services have brought basic risk questions back to centre stage for management and policy-makers. Like millions of investors, governments and central banks face the common risk-growth trade-off. Financial institutions, in addition, are experiencing an intense soul-searching period. They had better prepare convincing answers quickly because the post-problem witch hunt by the media and politicians is in full swing.
Keywords: risk; liquidity risk; hedge fund; behavioural finance; prospect theory
The full article is available to subscribers to the journal.
Author's Biography
Luca Celati is an independent investment consultant based near Lausanne, Switzerland. He remains on the board of the Abraxas Fund, the macro hedge fund that he co-founded in 2003. Previously, he was Head of Risk Management for the Global Debt Division of DRKW in London and Senior Proprietary Trader at Bankers Trust in London and New York. He has authored The Dark Side of Risk Management (FT/Pearson, 2004) and several technical articles in risk and hedge fund publications.
Citation
Celati, Luca (2008, September 1). Back-to-basics on the defensive: Now what for the risk profession?. In the Journal of Risk Management in Financial Institutions, Volume 1, Issue 4. https://doi.org/10.69554/DSKB3885.
© Henry Stewart
Publications LLP
Publications LLP