Opinion
Is wholesale banking disruption-proof?
Fintech threatens market-making, research and wealth management, writes eCo Financial Technology CEO
Robo-traders and robo-labour
Banks and buy-siders are starting to harvest the benefits of machine learning beyond the front office
Why multi-asset managers shouldn’t count on the past
Risk models are backward-looking but history won’t repeat itself
The Volcker rule, CCP resolution and systemic risk measures
April 21–27, 2017
Monthly swaps data review: ETD vs OTC margin totals
New disclosures from big CCPs show listed market consumes more margin than cleared swaps
Monthly credit data review: gloomier than spreads suggest
David Carruthers of Credit Benchmark looks at banks’ credit risk data
US shale fluffing its feathers in mating dance with banks
Cash-addicted producers are making greater use of hedging to attract loans
What to do about Libor?
Darrell Duffie explains why transition from Ibor-based benchmarks is necessary and feasible
Volcker, FRTB and dual netting sets
The week on Risk.net, April 14–20 2017
P2P lending, blockchain risks and rate stress tests
April 7-13 2017
Who wants to be a forecaster?
Forecasting gas storage levels is an ugly, thankless – but essential – task
Bank scandals suggest cultural problems are industry-wide
Libor-rigging and similar misconduct across multiple firms may be the result of 'macro-cultures'
Nickel-and-Dimon: why bank CEOs loathe op risk capital
JP Morgan’s Jamie Dimon and ex-StanChart CEO Peter Sands are no fans of the RWA approach
Mortgage and auto loan securitisations inflict op risk losses
Megan van Ooyen from SAS rounds up the top five operational risk losses for March 2017
FRTB, machine learning and swap transparency
The week in Risk.net, March 31–April 6, 2017
New execution algos show complexity is not to be feared
Quants develop method to include both market impact and limit orders in optimal trade execution
Monthly swaps data review: Libor dominance challenged
There are more sources of over-the-counter derivatives data available today than at any point in the market’s history
Feet of Clayton
New SEC chairman split between presidential deregulation agenda and filling holes in existing rules
FRTB: a Sisyphean labour
Banks continue to struggle with ever-shifting regulatory parameters
Mifid, VM mismatch and Japanese CVA
The week in Risk.net, March 24–30 2017
The spirit is willing, but the drafting is weak
Asking firms to operate in the spirit of the law will not solve Mifid trading venue confusion
The covered interest parity conundrum
Darrell Duffie explains why it’s difficult to arbitrage direct and swap-implied funding rates
Brexit, oil mergers and US regulatory divergence
The week in Risk.net, March 17–23 2017
Draghi’s euro-exit redenomination hedge
Marcello Minenna says new ECB policy effectively hedges QE bond purchases