Who are the victims of the LIBOR scandal?

Author(s):

Anthony Neuberger

Topic:
Finance
Industry:
Banking

Comment - Professor of Finance Anthony Neuberger comments on the LIBOR scandal and posits that financial institutions not involved in the rigging of the market can themselves be classed as victims.

Updated: 10/02/2017
Comments:
Views: 4,588

The Guidance Gap - An investigation of the UK's post-RDR savings and investment landscape

In 2006 the Financial Services Authority (FSA) launched the Retail Distribution Review (RDR) to reconsider the way in which financial advice is provided to retail investors and savers. One major recommendation was that independent advisers should charge an explicit fee for their advice. This research looks into the willingness of UK retail savers and investors to pay for financial advice, and the implications for the large number of people research suggests would be unwilling.

Updated: 10/12/2015
Comments:
Views: 4,920

Dubai as an International Financial Centre - the opportunity is there

Author(s):

Stephen Thomas

 et al.
Topic:
Finance
Industry:
Banking

New research identifies Dubai's chance to become the financial hub for Middle East and Africa. Improvements to financial infrastructure and the maturity of its financial markets are key to this opportunity.

Updated: 09/02/2017
Comments:
Views: 4,977

Cass and Unigestion - Private Equity & Investment Management briefing - 1 May 2013

As a result of the recently established collaboration between Unigestion, the boutique Swiss Asset Management and Cass Business School's Centre for Asset Management (CAMR), this Breakfast Briefing Series is an opportunity for the academic world and the investment management world to discuss and debate investment methods and techniques, in theory and in practice.

Updated: 25/04/2013
Comments:
Views: 3,456

Modelling Dependence in CDS and Equity Markets: Dynamic Copula with Markov-Switching

Author(s):

Elena Kalotychou

 et al.
Topic:
Finance
Industry:
Banking

This research utilises copulas to build on existing work on the non-linear relation between credit spreads and tradable systematic risk factors.

Updated: 05/01/2015
Comments: 18
Views: 4,049

Non-parametric prediction of stock returns based on yearly data. The long term view.

Author(s):

Jens Nielsen

 et al.
Industry:
Banking

Is it possible to predict equity returns and premiums with the use of empirical models? This is one of the most frequently pondered and studied questions in finance. In this research we examine the predictability of returns, taking the actuarial long term view and basing predictions on yearly data.

Updated: 25/06/2013
Comments:
Views: 3,860

'Deep change' to banking ethos needed.

Author(s):

Andre Spicer

Industry:
Banking

How best to respond to the iniquities uncovered within the financial sector in recent years? Better communication, harsher punishments and stronger regulation have been touted as ways to hold banks to account - but it is important to look more deeply to achieve real and lasting change. Professor André Spicer assesses the options.

Updated: 11/01/2013
Comments:
Views: 9,975

Dynamic Debt Runs and Financial Fragility: Evidence from the 2007 ABCP Crisis

Author(s):

Enrique Schroth

 et al.
Topic:
Finance
Industry:
Banking

Debt runs played a central role in the financial crisis of 2007-2008, reigniting the debate about their causes and how they can be prevented. This research uses the 2007 asset-backed commercial paper (ABCP) crisis as a basis to study the determinants of debt runs.

This paper can may be of specific interest to financial institutions, as it has clear implications about the design of off-balance sheet investments, the degree of maturity mismatch between debt and assets, the strength of the credit guarantees and, most importantly, exactly how much leverage is unsafe. This discussion is timely, given the efforts by the Vickers report and the Liikanen report to address the problems of shadow banking.

Updated: 08/02/2017
Comments:
Views: 7,037

Momentum effects: G10 currency return survivals

Author(s):

Natasa Todorovic

 et al.
Topic:
Finance
Industry:
Banking

The aim of this paper is to analyse data dependencies and patterns in historic currency time series data and implement trading rules that lead to abnormal currency returns that cannot be explained by any systematic risk taking.

This paper analyses momentum effects in G10 currencies by applying survival analysis common in life time statistics to shed a new light on the market efficiency within the currency market.

Updated: 05/01/2015
Comments: 13
Views: 5,973