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THE FTSE 100 edged up by 0.7 per cent yesterday, snapping a three-day losing run, with gains in banks and miners offsetting weakness in oil producers hurt by weaker crude prices. The index closed 31.21 points higher at 4,362.58 in a choppy session. “It still looks too early to predict the end of this two [...]
US STOCKS rose last night as investors returned to financial and technology shares on bets the recent rally could have more room to grow after a brief pullback. Volume, however, was light, a possible indication of a lack of broad conviction. Technology gains were led by big-cap tech and semiconductor companies after five straight days [...]
LOOKING back a couple of years, it seems as though ignoring risk had practically become a sport among those who drove the banking boom. So much for hindsight – but it was a failure of foresight that contributed to the financial catastrophes of last year. Foresight in the financial industry is the job of risk [...]
For those wanting to get ahead in the risk management sector, acquiring a professional qualification can be a key factor. Bodies including the Association of Insurance and Risk Managers (AIRMIC), the Institute of Risk Managers (IRM) and the Global Association of Risk Professionals (GARP) run training qualifications for risk managers. GARP’s Financial Risk Manager (FRM) [...]
Research conducted this year by GRS, the leading financial recruitment organisation, has revealed the following statistics. In a survey of 800 risk professionals, 43 per cent said that risk managers in general had failed to communicate risk effectively to their organisations. 63 per cent said that the credit crunch had been beneficial for them in [...]
THE FTSE 100 dropped 2.1 per cent yesterday, succumbing to disappointing US retail sales figures, profit-taking in the banking sector and mining stocks weighed down by weak commodity prices. The index retreated for the third day in a row, closing at 4,331.37, or 94.17 points down. “Despite the change of tone, markets have more room [...]
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