2006   How the markets will respond to such an event "is up in the air," says Leslie Rahl, president and founder of Capital Market Risk Advisors Inc., a New York-based consultancy. (June 2006)

2005   “It seemed, and still seems, that I could be of value on this board, and that while it would be a time-consuming exercise, it wouldn’t involve an undue amount of personal liability,” she says. Besides, she adds, “I find tricky issues intriguing.” - Leslie Rahl, President, CMRA (April 2005)

2004   "There is a major focus on alternative assets among pensions, and I think you will begin to see this materialize into new types of allocation strategies in the beginning of 2004." - Leslie Rahl, President, CMRA (January/February 2004)

2003   “I was a trader for ten years and when it comes down to disclosing ‘proprietary’ information, the bottom line is, don’t confuse me with the facts! It’s just a hard barrier to break" - Leslie Rahl, President, CMRA (January 2003)

2002   "Whenever you're fitting a square peg into a round hole, creating special applications or manual processes to address something the standard process can't, problems crop up," Leslie Rahl thinks that "fairly mundane yet useful" indicators, such as fail rates, will point out an area of vulnerability and allow a bank to act in its own best interests and prevent many potentially troublesome situations. (February 2, 2002)

2001   NEWSLETTER In the field of credit risk management risk consulting boutiques such as Capital Market Risk Advisors (CMRA) are making inroads into a client base that traditionally has been the prerogative of strategy and management consultancies. CMRA’s client list already features giants such as Merrill Lynch and UBS... (March 2001)   Where in your home is your smoke alarm? Chances are good that you know exactly where it is, and we think chances are also pretty good that when it goes off at 2 am, you'll wake up completely confused and have no idea what to do. Leave the room, jump out of the window call someone, yell? In today's financial world, this is the way a lot of businesses work as well -we know where the risk management smoke alarms are, but we do not really know what we would do if they ever went off. (April 2001)

2000 While the resulting market chaos passed within months, the disputes between derivatives counterparties over valuations, definitions of swap agreements, and other complex matters have lingered. "Many of them are still being played out," said Leslie Rahl, president of Capital Market Risk Advisors in New York, a consultant on risk management and derivatives. (January 20, 2000) 1999 I foresee a day... when risk unit allocation surpasses asset allocation as a way to decide where to place investments." - Leslie Rahl, President, CMRA (February 1999)

1998   CMRA´s survey showed pension executives have: - performed a complete review of hedge fund managers; - tightened investment guidelines; - talked more frequently with external managers; - and scheduled investment committee meetings to update members on risk controls. (December 14, 1998)   We keep preaching how important stress-testing is. The kinds of financial problems we have had are in very subtle areas, and people aren’t looking for those kinds of unusual events when they stress-test." - Leslie Rahl on “Hedge Fund Offers a Sorry Example" (October 4, 1998)

1997 THE TOP 50 WOMEN IN FINANCE “The impossible we do right away. The more difficult takes a little longer." A founder of the swaps business and innovator in interest caps, collars and floors, Leslie Lynn Rahl had certainly taken this adage to heart by the time she founded CMRA in 1994. (May 1997) 1995 Capital Market Risk Advisors has a blue-chip list of clients, including dealers and end-users like banks, insurance companies, municipalities, corporations and mutual and pension funds. (May 8, 1995)

1994     “What Red Adair is to oil and gas exploration, CMRA is to financial engineering."   (August 12, 1994)   ORANGE COUNTY "What CMRA found was far worse than anyone imagined. For years, the fund's..." (December 22, 1994)