Opinion
Swaps data: a Mifid-shaped hole
Data shows strong growth in US dollar rate swaps, but global picture is incomplete, says Amir Khwaja of Clarus FT
Curbing rogue behaviour
Regulators should try to combat rogue trading by measuring traders’ risk-taking differently, say quants
Credit data: UK retail sector’s woes continue
High street fails to get over Christmas slump; elsewhere, global PDs remain in flux, writes David Carruthers of Credit Benchmark
CCP losses, holdco wars and equity derivatives margin
The week on Risk.net, March 24-29, 2018
ECL regimes a volatile brew of risk and accounting
Fed asks banks to propose a solution to address CECL-CCAR mismatch
How fintech could reboot Libor
Polsinelli’s Rutenberg says blockchain technology and ‘Libor currency’ could boost submission incentives and make process more secure
The Fed’s heavy hand on economic equality
Monetary policy and bank regulations contribute to widening US wealth gap
The renewable future
The shift to solar and wind is creating new challenges
Machine learning, post-Brexit novation and a world after Libor
The week on Risk.net, March 10-16 2018
Regulatory merger keeps China on course for deleveraging
Combination of banking and insurance regulators offers opportunity to co-ordinate debt reduction measures
Monthly op risk losses: MetLife suffers $510m pension reversal
Also: UK credit card mis-selling; Italy crypto loss; LendingClub class action settlement. Data by ORX News
Basel liquidity, last look and higher vol
The week on Risk.net, March 3-9, 2018
Swaps data: breaking down CCPs’ $750 billion funding bill
Amir Khwaja of Clarus FT considers how initial margin, variation margin and default fund contributions can quickly add up
A Brexit financial services deal and the 12 tasks of Hammond
UK call for turbo-charged equivalence with the EU faces big hurdles
Fed vs Fed: central bank faces traps of its own making
Fed’s balance sheet normalisation goal set to collide with its banking system resilience aims
XVA: back to CVA?
Fundamental questions on CVA remain unanswered, writes mathematical finance head
Buyer beware: the FX code has not gone far enough
New standards for currency dealers have brought some big improvements, but many practices remain hazy
Quantum computing, central clearing and the leverage ratio
The week on Risk.net, February 24–March 2, 2018
Multicurve modelling is about to get more complex
Research into rates pricing is becoming more urgent given recent regulatory changes
Cash no longer king in European swaptions
Barclays executives explore weaknesses of current pricing formulas for cash-settled swaptions
Not the top 10 op risks
From gender discrimination to the next PPI, a veteran manager looks at forthcoming potential op risks
The top 10 op risks – a field guide
Survey should be read as industrywide attempt to relay and share worries anonymously
Mifid II, volatility and the top 10 op risks
The week on Risk.net, February 17-23, 2018