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Our global financial system is going through a period of extreme turbulence and uncertainty. We have created this resource to:

  • Address the latest news and developments in the current financial crisis
  • Inform you of the effects and what is occurring around the world
  • Provide you with a platform to voice your opinions and join the conversation to influence our future
  • Offer you free readings and resources to gain more insight on the evolving situation

We will be adding more information to this page over the next few weeks.

  

    Around the World
 

Latest News and Developments

 

Economic Stabilization Act (HR 1424) as passed in the U.S. Senate; October 1, 2008

Reflections on Recent International Economic Developments - Remarks by Mark Carney Governor of the Bank of Canada

News & Updates from Board of Governors of the Federal Reserve System

Current Economic and Financial Conditions – Speech by Chairman Ben S. Bernanke

Treasury Announces TARP Capital Purchase Program Description 

Interim Assistant Secretary for Financial Stability Neel Kashkari Remarks before the Institute of International Bankers

Brief - Economists' Views: New Playbook for a Financial Crisis   new button

 

ECOFIN : Immediate responses to
financial turmoil

Council Conclusions on financial stability and financial supervision – Council of the European Union

CEBS publishes a follow-up report on banks’ transparency in their half year interim results

Speech by Gertrude Tumpel-Gugerell, Member of the Executive Board of the ECB at Eleventh Conference of the ECB-CFS Research Network - Prague, 20 October 2008   

Outcome of the biennial review of the risk control measures in Eurosystem credit operations 

José Manuel González-Páramo: Liquidity, financial markets and the economy – the role of central banks new button

How is bank risk to be managed? Speech by Hector Sants, Chief Executive, FSA new button

 

On the Policy Actions by Major Central Banks

 

Global Financial Stability Report –International Monetary Fund 

Responding to uncertainty - Remarks by Dr Nout Wellink, President of the Netherlands Bank and Chairman of the Basel Committee on Banking Supervision 

The credit crunch and the UK economy -Speech by Sir John Gieve, Deputy Governor of the Bank of England

World Economic Outlook (WEO) - Financial Stress, Downturns, and Recoveries 

Daily Risk News Feed 

Supervisory guidance for assessing banks’ financial instrument fair value practices 

Peterson Institute for International Economics Forum new button 

Principles for Sound Stress Testing Practices and Supervision - BIS new button 

 

 

India now has a huge opportunity to muscle its way into the inner circle, that is currently controlled by the US and Europe – Niranjan Rajadhyaksha 

Japanese Perspectives: Japan has nothing to fear but fearlessness

It is time for comprehensive rescues of financial systems – Martin Wolf

Ignoring Reality Has a Price – David Leonhardt

Yet another rescue but still no global solution –David Wighton

We're Not Headed for a Depression - Gary S. Becker 

Financial Crisis (in French) 

Why this slump will be 'long and deep' - Derek DeCloet

Why short-selling is Haram 

Globale Aktien: Sollte man aussteigen? - Von Ben Steverman (in German) 

Don’t blame fair value accounting for the crisis - Sanjay Kallapur 

Political courage the missing link - Hossein Askari and Noureddine Krichene 

And a new round of speculation begins…

Risk Mismanagement new button 

The End of the Financial World As We Know It new button 

  

    Gain More Insight  

Complimentary Readings from the GARP Digital Library® 

 

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Reading Title: A Primer on Credit Default Swaps

Author(s): Allen, Steven

Price: FREE

Reading Title: Credit Default Swaps, CDOs, and Related Products

Author(s): Lando, David

Price: FREE

Reading Title: The Rating Agencies

Author(s): Altman, Edward I., Caouette, John B., Narayanan, Paul

Price: FREE

 

View Past Webinar Replays

 

irisk webinar

Available Webinar Replays

Value-at-Risk 101

Risk Management at Crunch Time: Are Chief Risk Officers Compliance Champions or Business Partners?

The Financial Crisis of 2008: What Needs to Happen after TARP 

The Subprime Panic

 
      Your Turn to Comment  

Turbulence in the Global Financial System Forum » Turbulence in the Global Financial System

 
Turbulence in the Global Financial System
  Topics Topic Starter Replies Views Last Post
Risk Management’s Role Going Forward GregWinsper 0 1145 Sunday, December 21, 2008 1:39 PM 
Modeling: Now What? GregWinsper 0 672 Saturday, December 20, 2008 11:59 PM 
How Should Regulation Change? GregWinsper 1 546 Saturday, October 18, 2008 7:37 PM 
 
 
     
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