IMD: How do you define the term "valuation risk," and do you believe the credit market crisis finally brought its importance home to firms? How did the failure of firms to properly value their assets demonstrate valuation risk?
Carrel: Valuation risk encompasses both market and credit risks related to trading and banking activities, as they are increasingly interrelated. Activities such as margin trading and the practice of pledging securities as collateral for a variety of trades have linked
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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