Network Rail is not the average corporate, but it cares about financing and hedging costs as much as any non-financial – which explains a decision to abandon its old collateralisation policy last year....
In this video discussion, Duncan Wood, editor of Risk, talks to Nick Sawyer, Risk’s editor-in-chief, about attempts to price in a replacement valuation adjustment on derivatives trades
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Duncan Wood articles
The role played by rating agencies in the crisis is well documented, but the new regulatory framework gives similar powers and privileges to clearing houses – and leaves them exposed to the same weaknesses and temptations, argue Chris Kenyon and Andrew...
Industry data shows outsized operational losses are a regular feature of banking and traditional means of modelling them aren’t working. The industry needs to understand why and rethink its approach, argues Jonathan Rosenoer
Multi-dealer platforms have to register as Sefs - but clients could choose to use other venues and avoid extra legal work
Policy-makers are terrified of hurting the banking industry's lending capacity, but are happy to constrain market-making - even though it could have a similar economic impact
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.