Opinion
Brexit, arbitrage and CCPs
The week on Risk.net, June 24–30, 2016
Connecting the dots: how DTCC manages contagion risks
DTCC CRO Andrew Gray offers a template for managing the risk of interconnectedness
Not so fast, François: EU clearing land grab is complex
ECB cannot (yet) make post-Brexit demand for euro clearing to leave London
Why the Priips risk indicators hurt structured products
Risk ratings ignore soft barrier protection and make differentiation difficult
The beginning of the end for footloose modelling
US model risk guidance has drawbacks, but is a step towards better management of model risk
Structured products' unseen enemy
Relentless focus on Priips compliance leaves industry vulnerable to hidden threats
On derivatives and quants
Alexander Lipton on how the role of quants is adapting to the new financial environment
Brexit, hedging costs and the SMA
The week on Risk.net, June 17–23, 2016
The fault lines in Europe's Solvency II compromise
Row over calculation of discount rates exposes political differences
Brexit or Bremain: looking for clues in bubble analysis
Crisis analysis model suggests rates and credit markets see danger
Weighing criticism of the SMA reveals a lack of balance
Operational risk managers are becoming unusually excitable, with some justification
Standardised CSAs: no longer a matter of choice
Dealers again seeking simpler terms after 30% drop in non-cleared notionals
Benchmark misery will continue to plague banks
Index rigging caused $574 million of op risk losses in May, writes Megan van Ooyen from SAS
Margins, OpRisk Europe and the pushback against Basel
The week on Risk.net, June 10–16, 2016
Regulators must scrap T+1 timezone tax
Settlement cycles for non-cleared margin rules must be extended
Myths and realities of cyber security
A fund’s biggest risk may be a hacker’s access to its investors’ information
SMA, CCAR and structured notes
The week on Risk.net, June 3–9, 2016
Teetering on the brink of the ‘energy cliff’
Declining ERoEI – energy return on energy invested – is a worrying trend
Beware the hype around analytics
As energy traders make greater use of big data, lessons of the past should not be forgotten
Model risk, non-cleared swaps and Metro Bank
The week on Risk.net, May 27–June 2
Living wills and LVAR could help kill liquidity risk
When used with living wills, a new method may help banks quantify liquidation costs
Careless whispers have a cost
CFTC redefines insider trading for the swaps market
Fed data dependency backfires
Past year has seen huge change in formation of rate expectations
Change is the only constant in pricing swaps
Regulation is having unexpected effects on derivatives unwinds