STP for OTC

Implementing straight-through processing for over-the-counter derivatives is no easy task. Kishore Kumar Ramakrishnan of JP Morgan outlines the challenges involved and makes recommendations for how to tackle them

Innovation appears to be the name of the game in over-the-counter (OTC) derivatives. Given the myriad new products in OTC derivatives markets, it has turned out to be a complex affair minimising the risk of trading and settling such instruments. This, coupled with increased usage of OTC derivatives products, seems to bring about constant shifts in the OTC trading and trade-processing landscape.

Notwithstanding the substantial documentation available on the merits and shortcomings of OTC

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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