Counterparty risk was not always a phenomenon commonly discussed throughout the derivatives market. Before the bankruptcy of Lehman Brothers in September, it was regarded by some as the preserve of back-office boffins and as something entirely separate from the nitty-gritty of the trading floor. But since then, it has swiftly become a hot topic for market participants, creating an elephantine amount of work for trading desks.
"Counterparty risk has gone from something that was lower down the pri
The week on Risk.net, July 14–20, 2017Receive this by email