Articles by Kris Devasabai
Op risk models still needed despite SMA, says regulator
Models “play an important role in quantifying risk”, says OCC's Beth Dugan
TruMid takes early lead in credit dark pool race
Nearly $2.5 billion of corporate bond trades have been executed on dark pools since May
Citadel shut out of Tradeweb as it makes US Treasury move
Firm is first non-bank on Bloomberg, but primary dealer catch means it cannot join Tradeweb
Mariner Coria: the changing face of arbitrage
Fund manager exploits mispricings linked to structured products and derivatives end-user flows
SEC finds no evidence of lost liquidity in single-name CDSs
Quant Congress USA: data shows stable liquidity for clearable CDSs, official claims
Citi exec laments plight of the quants
Quant Congress USA: Quant departments have become “sterile” and “dumbed-down”
'Gamma trap' theory features in US Treasury meltdown report
Official post-mortem considers claims that options hedging amplified October 15 move
Bond-CDS basis trades have 'stopped working', hedge funds say
Arbitrageurs have exited trades, leaving basis structurally higher
Clearers challenge Massad over EU client protections
Affiliate and client positions not commingled, they argue
CCP stress-test rifts emerge as review gets underway
Banks, clearing houses and regulators all divided on question of standardised tests
Esma official slams CFTC margin rules
US rules driven by competitive rather than prudential concerns, Planta charges
Forex algos revive US rates trading at UBS
Rejigged algo behind doubling in volumes - Swiss bank aims to repeat trick in swaps
Regulators to put CCP risks under microscope
CPMI-Iosco stress-testing quiz will be precursor for broader risk review
DE Shaw sees $65m swaps margin threshold as exposure cap
Isda AGM: Hedge fund plans to share non-cleared swaps around to reduce trading costs
JP Morgan exec questions bond collateral double standard
Isda AGM: CME applies 20% margin haircut while LCR hits banks with 50% cut
RBC calls for ‘realism’ on LCR definitions
Isda AGM: Canadian banks will start reporting LCR in second quarter
Dark pools and platforms vie to fix credit markets
A side-effect of tough bank capital rules could be the rise of dark pools for credit trading
'No plans' for further guidance on third-party risk – OCC
Banks will have to figure out what constitutes ‘critical activities’ for themselves
Repo and securities lending face swap-style stays
Regulators and industry to meet in London on March 2
Currency manager calls for Swiss franc liquidity inquest
Evaporation of liquidity on January 15 caught traders by surprise
Grim repo: clearing touted as saviour for shrinking market
CCPs wary of risks as they vie to launch buy-side repo services
Buy-side firms reject market-making role
Client mandates and compliance mean dealers cannot be replaced like-for-like
CME and LCH.Clearnet prep buy-side repo clearing
New clearing services could offer cross-margining benefits
Citi buys $250bn Deutsche Bank single-name CDS portfolio
Nearly 2.5% of single-name CDS market changed hands in trade last September