With the global economy heading downhill fast, should we look to leaders to be leaders and fall on their swords? Will there be any accountability whatsoever? Is anyone willing to step up and take ownership?
The following are remarks by Secretary Henry M. Paulson, Jr. on U.S.-China economic relations. Click on headline to get more of the story on RiskCenter.com
While U.S. President-elect Barack Obama presented an ambitious energy plan as a major centerpiece of his campaign, the current economic environment as well as falling oil prices will likely hamper this effort, according to a report published yesterday. Click on headline to get more of the story on RiskCenter.com
In light of continuing strains in financial markets, the Federal Reserve on Tuesday announced the extension through April 30, 2009, of three liquidity facilities: the Primary Dealer Credit Facility (PDCF), the Asset-Backed Commercial Paper Money Market Fund Liquidity Facility (AMLF), and the Term Securities Lending Facility (TSLF). Click on headline to get more of the story on RiskCenter.com
Americans are significantly more optimistic about their personal financial future than they are about the economic direction of the country. Click on headline to get more of the story on RiskCenter.com
When energy trading and risk management (ETRM) software first appeared in the post FERC 636 era, the applications were built around the best available technologies of the day—client server architectures, relational databases and Visual Basic or PowerBuilder front ends. These applications were suitable for the times, sitting on an internal server and running over the client company's internal network. The data and the program itself stayed within the physical confines of that company's business. Click on headline to get more of the story on RiskCenter.com
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According to a new study, 57 percent of chief financial officers (CFOs) at U.S. oil and gas exploration and production companies say that “credit capacity restraints, including access to capital” will be their greatest financial challenge in 2009. Click on headline to get more of the story on RiskCenter.com
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oftopdecembercredit
The Basel Committee on Banking Supervision released external audit quality and banking supervision. This paper describes the importance of audit quality in banks, particularly due to an increased reliance on sound audits and because high-quality audits can enhance market confidence during times of severe market stress. Click on headline to get more of the story on RiskCenter.com
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decemberqualityriskexternal
