James I. Hymas

OSFI’s academic foray

A recent white paper reveals low standards.

By James I. Hymas |December 11, 2012

10 min read

Transforming, not eliminating, risk

One of the great lessons of the current credit crisis is that risk is indestructible. When capital is invested in a long-term asset, risk exists, since the asset will provide value to its owner over a long period, while involving non-trivial acquisition costs. Investment in long-term assets necessarily involves forecasting, and the vagaries of forecasting […]

By James I. Hymas |June 1, 2009

7 min read