The Economist (August 20)
“What are the most dysfunctional parts of the global financial system?” While here are many candidates, “if sheer size is your yardstick, nothing beats America’s housing market.” At $26 trillion, “it is the world’s largest asset class” and “the slab of mortgage debt lurking beneath it is the planet’s biggest concentration of financial risk.” This wasn’t fully sanitized in the wake of the financial crisis. “Vast, nationalised, unprofitable and undercapitalised, it remains a menace to the world’s biggest economy.”
Tags: Asset class, Dysfunctional, Financial risk, Global financial system, Housing market, Mortgage debt, Size, U.S.
CFO.com (September Issue)
“For the second straight year, corporate directors view reputational
risk as their chief concern, aside from financial risk.” The results are based on a survey by EisnerAmper LLP, which found “66% of 193 directors see reputational risk as their top concern, compared with 59% who named regulatory risk.”
“For the second straight year, corporate directors view reputational
risk as their chief concern, aside from financial risk.” The results are based on a survey by EisnerAmper LLP, which found “66% of 193 directors see reputational risk as their top concern, compared with 59% who named regulatory risk.”
