Opinion
Don’t fear the clearer
Wider use of CCPs not systemic threat – but participants do face hard-to-measure risks
Swaps trading, range accruals and manufactured defaults
The week on Risk.net, April 6–12, 2019
Remembering the range accrual bloodbath
Flatter US yield curve spurs demand for a product with a painful history
Op risk data: Europe’s AML drive follows Danske and ING slips
Also: top five losses include mortgage penalty for Citi and reporting fines for Goldman, UBS. Data by ORX News
Swaps data: cleared volumes and CCP market share
Data shows CME and Eurex growing faster than LCH Swapclear
Problems with SOFR, CCP risk and Brexit again
The week on Risk.net, March 30 – April 5, 2019
Op risk past is prologue for UK banks
UK banks will not be allowed to forget past misdeeds
Sovereign risk weights cannot wait
Why reform of Basel rules is urgent – and how to improve on December 2017 proposals
Will the Nasdaq default spur CVA for CCPs?
Quant proposes model to calculate bank credit risk exposure to CCP
Credit data: UK banks hold firm as Brexit looms
The credit status of UK banks remains unchanged, but other industries have seen significant deterioration
CDM, money laundering and blockchain settlement
The week on Risk.net, March 22–29, 2019
UK RPI, initial margin and Brexit data problems
The week on Risk.net, March 16–22, 2019
Nowcasting can illuminate China’s macro scene
Nowcasting teams are proving a valuable tool for investors
Mizuho’s CVA bill, top 10 op risks and Giancarlo’s unfinished business
The week on Risk.net, March 9–15, 2019
A blueprint for alternative data in asset management
UBS Asset Management’s data chief describes how alternative data can aid the investment process
Op risk capital: looking back in anger
Top 10 op risks survey shows industry has sights set on the horizon, even when regulators are looking backwards
The low flow blow
Traders can’t make flow rates business hot again, but their colleagues in tech and ops might be able to
Swaps data: SOFR swaps slip, futures flip
After a banner month for the young OTC instrument in January, volumes then halved
China, manufactured defaults and investment psychology
The week on Risk.net, March 2–8, 2019
Op risk data: losses focus attention on bank resilience
Also: StanChart’s control fail fines, plus three losses in Russia. Data by ORX News
Nasdaq auction failure ignites anti-clearing backlash
CCP members wary of illiquid risks
Credit data: a new PD story for Brazil and Mexico?
One has been sliding, the other stable, but the stage appears to be set for a break from those trends
Last orders at the VAR
Inaccurate risk-of-loss estimates threaten to load extra capital charges on US dealers
CDSs get subjective
Legal certainty loses out to commercial objectives in race to fix manufactured defaults