Risk

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Risk

Finweb - additional resources for Master of Finance

Managing Trading and Business Risks

"In no circumstances enter the derivatives trading market without first agreeing it in writing with me ... at some time in the future it could bring the world's financial system to its knees."

Sir Julian Hodge
Memo, dated November 1990, to senior executives of the Cardiff-based Julian Hodge Bank, quoted in the Western Mail, Tuesday, February 28 1995.

More on derivatives:

Gambling on derivatives

13 questions

Risk Institute
A break-down in risk control eventually costs the shareholder money, directly or indirectly, either by being forced to inject more capital or by seeing the equity loose value when losses resulting from risk control failures become public knowledge.

Cases:

Not Just One Man - Barings
The chain of events which led to the collapse of Barings, Britain's oldest merchant bank, is a demonstration of how not to manage a derivatives operation... written by Lillian Chew

Not just one man - Barings

The Flaming Ferraris
Because of the relatively small sums involved this is unlikely to go down in history as a classic financial scandal but it is one that in February and March 1999 received plenty of publicity following reports that a member of the team had been involved in illegal trades in the Swedish stock market.

Report on the Flaming Ferraris

Analysing Sumitomo
Trading in Copper futures

Go to Risk Insitute Report