Balance Sheet: Volume 8 Issue 4
Table of contents
Risk management: the need to set standards
Terry SimisterIn 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 IgolnikovIn 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 GarthwaiteThis 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 WolffIn 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 DaniellIn 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 DamantThe 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…