Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

A few examples of credit risk were highlighted during the Financial Crisis: The ratings agencies then issue a letter-grade rating. AAA is the highest: It means the issuer is extremely capable of ...

One large operational risk event can be lethal to a financial firm. Operational risk is thus a key concern for the industry as well as for the regulators that supervise financial institutions. On the ...