Risk Assessment as Due Diligence in Finance

Questioning the foundations of the economy
In the previous post, issues were raised about the Canadian financial system: Is Canada relatively immune from a deepening depression in the US and Europe? Are Canadian banks, in particular, on solid ground? The main implication I am trying to point out for risk managers is that, in whatever context you happen to be working, a multi-faceted risk assessment that questions common assumptions is needed.

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Risk in Canadian Financial System

In a previous post on Canadian Financial Risk, I reported on commentator Bob Chapman’s assessment. He had said that Canada has a very solvent financial system; has always been very conservative; and that while the US and Europe are headed for a significant crisis, the magnitude of its effect on Canada should be about half of what they will experience. I expressed doubt that Canada’s isolation is really guaranteed.

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Greek Debt Crisis-Bob Chapman’s Summary

2011-10-27 / Social, Economic and Financial Risk / 0 Comments

interview-CorbettReport-Chapman-pt2This is part 2 of financial commentator Bob Chapman’s answer to my question about the actions of speculators targeting countries’ economies, and Canada’s position. In my last post, he covered Canadian Financial Risk; here I paraphrase his answer about Greece. The interview was podcast by James Corbett.

Part 2:
What happened in Greece was a combination of things…
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Canadian Financial Risk

2011-10-24 / Social, Economic and Financial Risk / 1 Comments

interview-CorbettReport-ChapmanI sent in a question on Canadian financial risk to be posed to financial commentator Bob Chapman, who is interviewed every Monday by Canadian expat James Corbett. Corbett lives in Japan, where he produces The Corbett Report on political, educational, financial and other topics. The Q/A begins just before the 31:00 mark in the podcast. I will summarize the main points of Chapman’s answer here, with the caveat that it is a paraphrase, and for the exact language, readers must go to the interview itself.
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