UBS
Top 10 op risks 2018: unauthorised trading
Banks say threat from rogue algos outstrips that of human traders
Old dispersion product signals new vol regime
Return of pre-crisis, ‘theta-flat’ trades an early sign of shifting volatility expectations
What causes forex correlation swaps to be mispriced?
UBS quants show prices can differ by up to 25 correlation points if products modelled accurately
Cloud set to replace in-house tech for banks
‘No other way’ to meet demands of FRTB, XVA and other changes, claim proponents
Huge capital savings at stake in STM swaps debate
Estimates show portfolio would generate 250% more capital in worst-case version of new margining treatment
1MDB looms large in Asian banks’ war on money laundering
Banks in Asia-Pacific spurred by tougher enforcement and stricter AML rules
Structured products house of the year: UBS
Risk Awards 2018: Swiss bank connects clients with cheap execution and innovative investment products – even when offered by rivals
Switzerland house of the year: UBS
Structured Products Europe Awards 2017
Italy house of the year: UBS
Structured Products Europe Awards 2017
Deal of the year: UBS
Structured Products Europe Awards 2017
Front-office backlash: the EU gets tough on research unbundling
Three EU watchdogs – including CNMV and AFM – say front-office content can still be Mifid II research
The future of risk in 10 interviews: volatility, liquidity and tech
Fed’s Powell, JP Morgan CRO, Bridgewater co-CEO all feature in upcoming profiles
UBS’s Athanasopoulos on volatility, Mifid and hedging by machine
Risk30 profile: Athanasopoulos sees opportunities to cut hedging costs
Goldman swaps assets drop $140bn after margin change
Move follows guidance from US regulators; no word from Goldman on capital impact
Bankers lament growing global regulatory fragmentation
Piecemeal roll-out of Basel III will be “enormously costly”
Dealers blame US futures IM dip on low vol
CFTC data shows required initial margin down 15% since start of 2017
Extended resolution swap stays divide EU lawmakers
SRB defends EC moratorium proposal, but Parliament and Council are turning against it
People moves: UBS hires new Apac investment bank vice-chair
Also: Commerzbank’s trade finance Asia head; Blackstone nabs JPM Japan chief; and others
Keeping global regulatory co-ordination alive
WEF council members call for consistent implementation of current and upcoming rules
Libor’s sunset sees US repo market cast a longer shadow
Concern over structural deficiencies as SOFR chosen to replace key benchmark
Eurex urges more regulators to endorse VM capital savings
CME, Ice and LCH treat variation margin as settlement; Eurex awaits further guidance
Australia house of the year: UBS
Structured Products Asia Awards 2017: UBS’s firm grip on Australia is rewarded by upswing
China house of the year: UBS
Structured Products Asia Awards 2017: Wise application of risk management, clear awareness of regulation and a sustainable spirit of innovation have allowed the bank to support investors and market growth
Hong Kong house of the year: UBS
Structured Products Asia Awards 2017: Dominance in Hong Kong’s tough warrants market combined with strong wealth management business has pushed UBS to the fore