There are various risks that stress firms. How are these risks interdependently related to each other? And why does every risk, a company has to face, eventually lead into a liquidity risk? Frank Wendt explains the dimensions of liquidity risk and its impact on the performance of a business.

What are the consequences of underestimating risks that people are willing to take and of overestimating risks in situations that cannot be controlled? How shall markets allocate efficiently when confronted with this behavioural pattern? The recent financial crisis and its still dramatic aftermath have shown exactly this dilemma. With these thoughts in mind, Joyce Meng reflects on the recent regulations of markets throughout the world.

Since national debts are constantly rising and the latest rating downgrades seen in Europe or in the United States of America, one must notice, that government bonds are no longer the safest option. These altered circumstances require a re-thinking of asset management. Dr oec.HSG Steffen Tolle, Wegelin & Co. Private Bankers, and co-author Patrik Rüthemann, CFA of Wegelin & Co. Private Bankers, explain, why investing in equities might be the more suitable option for a long-term investor and why government bonds might only be second class choice.