The LTCM crisis and its consequences for banks and banking supervision

Article Abstract:

The near collapse of Long-Term Capital Management L.P. (LTCM) has led banks to be more wary of the risks associated with transactions with hedge funds. Banks have found out that it is extremely difficult to monitor the risk profiles of hedge funds. Hedge funds are also not restricted by regulations, investors and supervisory authorities. These organizations are also dependent on properly functioning financial markets and models. Banks have become more selective in accepting exposures to hedge funds since the LTCM fiasco.

Other Financial Vehicles, Investors, not elsewhere classified, Investors NEC, Management, Finance, Investors, Hedge funds, Long-Term Capital Management L.P.

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New financial statistics

Article Abstract:

The Financial Affairs Division of the Organization for Economic Cooperation and Development (OECD) has collected and prepared cross-country financial data covering the profitability of commercial banks in member countries. Statistics include their net income, pre-tax net provisions and profits from 1990-1995. Such data are used for analysis in the OECD's Financial Market Trends publication and are supplemented occasionally by data drawn from the OECD division's other publications.

Statistics, Financial institutions, Organization for Economic Cooperation and Development

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Medium-term borrowing facilities

Article Abstract:

The number of international medium-term borrowing facility arrangements has increased by 60% in 1995 over the figure registered the previous year. Among the reasons for this development were the active participation of Japanese retail investors and the innovative lending programs of both German and Japanese lenders.

International aspects, Bank loans

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