If an insurer sets a premium based on the average probability of a loss in an entire population, those at higher-than-average risk for a certain hazard will benefit most from coverage, and hence will be the most likely to purchase insurance for that hazard

Credit threats are decades-overdue consequences of US fiscal myopia and insularity

The speed with which authorities discovered and froze kleptocrats’ assets tells us all we need to know about the true workings of geo-politics

Other nations talk, Switzerland acts

Corruption at the 2010 Commonwealth Games is being investigated

Go back 90 years to the “roaring twenties” when brokers treated the investing public like fools. Throw in a few billion dollars of oil money and a mountain of debt. Sprinkle with the rich and powerful. Add a dash of greed. Serve with incompetent banking directors on an overheated plate.

Precautionary principles state that when there are threats to the environment, scientific uncertainty should not prevent prudent actions to prevent potentially large damage

Correlated risks from natural disasters

Each crisis requires its own solution, says the ECB president

Default risk is the probability of default and helps potential lenders determine whether they should issue loans

In financial risk management, two types of risk measurements are commonly used

The public is increasingly alarmed over effects stemming from toxicants and industrial waste

According to Jorion, banks allocate roughly 60 percent of their regulatory capital to credit risks, 15 percent to market risks, and 25 percent to operational risks

Bankers, beware

Alternative asset categories have become popular with investors since the 2000–2001 recession