hope is not a strategy
“Interest rate risk of banks cannot be managed over and over again by their regulator,” said Acharya in his speech, adding: “It appears that for most banks investment activity essentially consists of two steps – buying and hoping for the best. But hope should not be a Treasury desk’s primary trading strategy.”
“Interest rate risk of banks cannot be managed over and over again by their regulator,” said Acharya in his speech, adding: “It appears that for most banks investment activity essentially consists of two steps – buying and hoping for the best. But hope should not be a Treasury desk’s primary trading strategy.”
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