Opinion
Swaps data: third-quarter clearing volumes increase across all asset classes
Dollar and euro rates clearing surges 60% year on year, but little shift in CCP market share
IM phase five – Smaller on bang, bigger on complexity
The initial margin ‘big bang’ may have been reined in by last-minute relief, but dealers aiming to get hundreds of buy-side firms over the documentation finish line by September 1, 2020 fear a compliance bottleneck
Op risk data: Brazil bank faces near-$1bn tax probe fine
Also: UBS hit for $77m for spread hikes; PPI costs top £50bn. Data by ORX News
Replication can illuminate private equity’s nascent risks
New benchmarks paint a less flattering picture of buyout funds
The backlash against green weightings
Banks get a lot of flak for not doing enough to mitigate climate risks
Forex code cold shouldered; Volcker fires up FRTB; Tradeweb trends
The week on Risk.net, November 30–December 6, 2019
Death, taxes and technology risk
Exchanges must plan for the certainty that their technology will fail, sometimes
MVA taking the long road to acceptance
Four years on, the adjustment is still not a standard part of non-cleared swap pricing
CCPs, margin ease and equity option freeze
The week on Risk.net, November 23–29, 2019
When the data’s not there, expert-led models could help
Missing data is a problem. Expert elicitation taps the knowledge of many, say consultants
The end of the fintech gold rush?
Why did so many new fintech start-ups fail, and how can ‘fintech 2.0’ succeed, asks consultant
Bad clocks, Ion knocked, Sef-based swaps
The week on Risk.net, November 16–22, 2019
CCP defaults, Pillar 2 charges and robo-raters
The week on Risk.net, November 9–15, 2019
Swaps data: CCPs – a systemically important market infrastructure
Disclosures show heavy concentration of initial margin in top three clearing services, writes Amir Khwaja
Climate change spells death of certainty
Global warming threatens to upend everything risk models take for granted
Credit data: US slowdown starts to bite for high yield
Credit quality in the US is turning, while the UK is sliding sharply, writes David Carruthers
Quants bring ‘triptych’ of variables to risk measurement
Risk and portfolio managers at La Francaise and LFIS are squeezing more information out of stress tests
Swiss banks ask, how about a magic trick?
Banks pull off an accounting trick – with the help of their regulator
Banks feel chill of exposure from Fed’s SCCL
US rules on counterparty credit limit pose challenges for risk and regulatory teams despite proposed delay, says expert
Repo madness, FRTB and swaptions switch
The week on Risk.net, November 2–8, 2019
Plumbing problems in the repo market
On September 17, three banks may have sucked up nearly a quarter of money market fund cash
Op risk data: $250m legacy loan frauds hit Bric banks
Also: costs from post-2012 cyber breaches top $2bn. Data by ORX News
How slower growth in China could threaten financial reforms
Low GDP could mean reforms are forgotten