Editor's Letter - Risk is all around

But then the world changed with the US sub-prime fiasco and the ensuing credit crisis, and suddenly risk was on the agenda... big time. Buy-side firms were confronted by the stark realisation that managing risk in a post-trade environment, measured in days rather than hours or minutes, is hardly very helpful. Firms may be able to establish, for example, what limits they breached or how a single trade affected the portfolio they were running, but what good is that? That type of post-trade analysi