Despite the deadline for introducing central clearing already passing, a number of questions are unanswered. Leading figures from around the region voice their concerns
Marking whole positions to the current clearing price as in mark-to-market accounting ignores the effect that liquidating a position can have. Such valuations overstate the cash that will be received and...
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Aaron Woolner articles
In contrast to regulatory efforts in the US and Europe, China’s lawmakers are pushing for greater liberalisation of domestic derivatives, as Isda’s Jing Gu writes
Asset managers in Asia are being hindered in preparing for OTC clearing by a lack of clarity over location
Experience of the Asian financial crisis leads Bank of Thailand's deputy governor to question the LCR parameters
Some have argued that the debit valuation adjustment – which measures the benefit to a bank from its own potential for default – is monetisable. They claim replication strategies involving the dealer buying its own bonds, or writing protection on...
Interviewed at the Sibos conference in Osaka, David Puth talks about growth plans for Asia and the risk management implications of central clearing
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future