Description: Feature article discussing the too big to fail principle and whether or not strong competition is ideal in terms of the banking industry.

Description: Feature article discussing the current state of interest rates globally.

Description: Column from the chairperson of the Investment Section.

Description: This article discusses data mining and the statistics of coincidence, and provides “guidelines for backtesting integrity” to help ensure results have value beyond mere coincidence. Editor’s Note: The following article originally appeared in the Winter 1998 issue of the Horizon, a publication of BARRA, Inc., and is reprinted with permission.

Description: This article discusses the new profession of financial engineering and the fit of actuaries in this profession.

Description: As equity markets decline and become more volatile, the likelihood of significant guaranteed benefit claims increases, while increases from mortality and expense fees declines. The article illustrates how to use a derivative contract, a properly structured total return swap, to turn a company's uncertain M&E revenue patterns into predictable revenue.

Description: What Do You Mean You Are An FRM From GARP? by David N. Ingram from Risks and Rewards Newsletter, February 2002, Issue No. 38.

Description: The article discusses how well the GDP Gross Domestic Product reflects the true state of the economy. It also describes the process of calculating the GDP advance estimate, preliminary estimate and then final estimate.

Description: This article gives an overview and explanation of behavioral finance.

Description: This article discusses the affects of the Pension Protection Act of 2006 PPA primarily in relation to defined benefits pension DB plans.