Opinion
Leverage, credit risk and algorithmic trading
The week on Risk.net, April 22–28, 2016
Transparency may be hazardous to your health
Esma should fine-tune Mifid II disclosure rules before they wreck markets
Getting in shape for the FRTB has to start now
Many banks are lagging behind when it comes to ensuring they are fit for the new trading book regime
After Milan: how Italian law treats muni swaps
Dealers in Italy run risk of “unpredictable legal conflicts”, warn lawyers at Norton Rose
In operational risk, the future ain’t what it used to be
Just because we can't measure op risk accurately doesn't mean we should give up, argues Peter Sime
US fiduciary duty rules: a Labored delivery
Seismic changes rattle the market, but structured products could stand to gain
Central clearing, XVAs and the US gas market
The week on Risk.net, April 15–21, 2016
Basel plans would weaken leverage ratio
Adoption of 'risk-sensitive' SA-CCR will allow more leverage, argues FDIC vice-chair
MetLife judgement demands more than a change of process
Court decision to overturn Sifi status reopens debate on vulnerability of insurers
Operational excellence is what the public deserves
Public sector institutions must learn from best practice in the private sector
Climate change is the fattest tail risk of them all
Casting doubt on science is an unwise risk management strategy
Risk managing structured products in a falling market
Capital-at-risk products with European-style barriers inherently more vulnerable in a downturn
Small is beautiful in operational risk management
Small firms have many advantages in administering op risk programmes, argues Ariane Chapelle
XVAs: a gap between theory and practice
Hull and White see splits on FVA, MVA, KVA as irreconcilable
SEC’s fund leverage cap needs revising but the idea is sound
Simplicity is welcome – up to a point
Isda, SMA and blockchain
The week on Risk.net, April 8–14, 2016
Bangladesh Bank fraud is a comedy of op risk errors
Megan van Ooyen from SAS rounds up the top five operational risk losses for March 2016
Blockchain tech for derivatives CCPs – friend or foe?
Distributed ledgers can benefit – and won't replace – CCPs, says Nasdaq Clearing president
Broker-dealers, operational risk and CCPs
The week on Risk.net, April 1–7, 2016
Three ways to model liquidity risk
Deriving synthetic bid/ask spreads offers a new approach to a thorny problem
When it comes to correlation, cleaning is a chore that pays
Recent trends in research may help firms obtain reliable correlations from limited data
FRTB, Eurex and swap spreads
The week on Risk.net, March 25 – 31, 2016
Crying wolf on CVA?
Standardised approach will hit corporates – but it's not clear that capital will jump
Dealers 'getting very creative' ahead of FRTB implementation
FRTB will force banks to rethink the structure of their businesses