Balance Sheet: Volume 8 Issue 4

Risk management: the need to set standards

Terry Simister

In this article Terry Simister explains the background behind the initiative led by the Institute of Risk Management to establish recognised British and International standards…

Option valuation: key issues in option pricing

Thomas Hewett, Roman Igolnikov

In this paper we attempt to address, in a non‐technical way, the basic assumptions underlying option pricing theory and point out some of the inherent weaknesses they imply in the…

The language of risk: why the future of risk reporting is spelled XBRL

Charles Garthwaite

This article explores the impact that XBRL, the new business reporting language, will have on reporting in financial services companies. The author explains how XBRL works and how…

Valuing non‐maturity deposits: two alternative approaches

Alex Wolff

In this article the author discusses two alternative approaches to the valuing of non‐maturity deposits. He examines both the replication of cash flows and behavioural modelling…

Strategy and volatility: risk and global strategic challenge

Mark Haynes Daniell

In this extract from his latest book Mark Haynes Daniell analyses new sources of risk and opportunity as the telecommunications industry revolutionises the business world. He…

Harmonising world reporting: global financial reporting standards come closer

David Damant

The author describes the processes which have led to the creation of an accepted set of international financial reporting standards. He looks at the background and the history…

A sign of the times

Richard Cookson

How much debt? The rise and rise of bond finance

Bill Robinson

The enemy and friend of asset and liability management