In light of current difficulties at some of the world’s largest financial institutions, banks and insurers are advised more than ever to ensure their risk management frameworks span the entire firm. Sundeep Tucker summarises discussions at the third of three single view of risk and return round tables hosted by The Banker, this time in Hong Kong.
Banks do not like talking about liquidity risk because it kills confidence and, historically, they have not been rewarded for candour on this particular topic. But events typified by the Northern Rock debacle show this attitude must radically change, say David Vander and Bill Cuthbert, co-founders of Liquidatum.
India’s economic momentum along with its global ambitions are growing rapidly. But gaping holes in the range of financial products on offer required by firms for efficient capital raising and risk management could hold back further progress. Geraldine Lambe reports.