Risk is top of mind at nearly every financial institution. Banks have been taking multibillion-dollar charges to account for risks they thought they had passed off their books. Companies that have insured trillions of dollars worth of bonds find themselves on the verge of being downgraded because they didn't fully analyze the risks of the instruments. Even Bristol-Myers Squibb had a remarkable $275 million charge to account for the downgrade of securities in its "cash and other investments" portfolio.
Enter the risk measurer with no stake in the outcome--a boon to those in need of unvarnished opinions.
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