Masters of opacity

    Headline: Masters of opacity Source: Euromoney Date: February 2000 Editor: Peter Lee Which banks are good at telling their shareholders and counterparties about risks they are running and how they manage them? The answer is, none. Not one of the world’s top global players discloses a satisfactory amount. Most feed pap to the […]

    Headline: Masters of opacity
Source: Euromoney
Date: February 2000
Editor: Peter Lee

Which banks are good at telling their shareholders and counterparties about risks they are running and how they manage them? The answer is, none. Not one of the world’s top global players discloses a satisfactory amount. Most feed pap to the readers of their annual reports about the nature of swaps and standard deviations without showing how they apply risk measurement to their own exposures, let alone saying what the numbers are.




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