Banks urged to expand risk management techniques

US - A top Treasury Department official said this week that regulators need to push banks to back up advanced risk management techniques with old-fashioned, case-by-case credit analysis.

Peter Fisher, the under secretary for domestic finance, said lenders were lulled to inattention by favourable economic conditions in the 1990s and largely abandoned the "dirty-fingernail business of credit analysis." They have become too reliant on risk models and other formulas to measure their credit exposure

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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