Alexander Campbell
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Articles by Alexander Campbell
BoE reveals £50bn liquidity facility
Banks have welcomed a scheme by the Bank of England (BoE) aimed at improving the balance sheets of UK financial institutions. The £50 billion facility, announced on April 21, will allow financial institutions to swap illiquid mortgage-backed securities…
Still in credit
Creditex's co-founder and chief executive, Sunil Hirani, talks to Alexander Campbell
A VAR, VAR better thing?
Banks reported a surge in the number of value-at-risk exceptions during the third quarter of last year following extreme turbulence in the financial markets. Are risk models breaking down? What are banks doing to fine-tune risk management practices and…
'He didn't want to tell the truth immediately': Mianne on Kerviel
The Société Générale rogue trader knew "perfectly" how to conceal his trades with a combination of fictitious trades and rolling forward positions, according to Christophe Mianné, the new head of global equities and derivatives, who spoke exclusively to…
VAR counts
Rising defaults in the US subprime mortgage market, plunging prices in the credit sector and a sharp squeeze in liquidity all contributed to make the third quarter very difficult for banks. Risk compares the value-at-risk figures of the major banks in…