Counterparty risk
Detroit swaps spark fight between dealers and insurers
Detroit spinners
Exposure under systemic impact
Exposure under systemic impact
Detroit prepares for court hearing on swaps termination
Court will rule on compromise agreement between bankrupt city and swaps counterparties
Hedge funds benefit from lower prime broker fees
Hedge funds can lock in favourable rates for prime brokerage services as competition forces banks to rethink pricing, says former BlackRock managing director David Geffen who now runs a consultancy
Risk Espana rankings 2013
Spanish fiesta turns cold
Hedge funds favour collaborative outsourcing
Collaborative approach
Legal clouds hang over RWA-driven netting push
New capital requirements are making it more difficult for banks to trade with counterparties that are not covered by a netting opinion. That is spurring attempts to expand coverage, but can leave banks and lawyers on uncertain ground. By Lukas Becker
Wrong-way risk, credit and funding
The risk of exposure and counterparty default probability both increasing – so-called wrong-way risk – is usually understood in terms of the correlation between the two variables. But this approach focuses more on the centre of the distribution. This…
Basel Committee seeks netting-friendly replacement for CEM
Consultation on alternative to much-criticised current exposure method could start in June
New York Fed demands better management of FX risks
Greater use of capital and collateral to mitigate all risks relating to foreign exchange trading is crucial, warns head of financial market infrastructure at the New York Fed
Closing out DVA
Closing out DVA
Using credit valuation adjustment to set limits
Credit valuation adjustment for energy and commodity derivatives: part two
Editorial: A question of trust
Editorial: A question of trust
Acclaimed new TriOptima service may not have a future
In the balance?
Credit Suisse: Algorithmic gymnastics
Algorithmic gymnastics
Risk 25 firms of the future: Murex
Industrial revolution
Risk 25: No more heroes in quantitative finance?
Scientific theories are supposed to be smooth processes, with progress building on progress. But sometimes a theory gets such a shock that it needs to be completely rethought – and quantitative finance is in the middle of such an upheaval