Re:America’s banks are missing hundreds of billions of dollars
by postexitus on Wednesday March 22, 2023 @07:11AM
(#35259370)
Risk management is not that difficult. Interest Rate exposure is a first order risk that even juniors should be able hedge out properly - it's not some exotic event where correlations went out of whack or something. These guys were either clueless / had no visibility into their balance sheet or outright criminal.
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Re:America’s banks are missing hundreds of billions of dollars
by dsomers on Wednesday March 22, 2023 @08:29AM
(#35260014)
Exactly
Re:America’s banks are missing hundreds of billions of dollars
by Mezzie on Wednesday March 22, 2023 @10:32AM
(#35261614)
I'm a child of a bookkeeper with no econ training under my belt and I know about interest rate exposure and risk hedging. And there have been discussions since 2008 about how long QE and low interest rates could last, it's not like that was a new question.