Some lawyers claim the CFTC and SEC may not have power to delay enforcement of the Dodd-Frank Act – a grey area that could lead to disputes
A new report has suggested a framework for identifying market manipulation, arguing further clarity will boost market liquidity
Hong Kong interbank participants have created the first US dollar to offshore renminbi price fixing giving the city first-mover advantage in becoming an offshore centre for renminbi products such as derivatives,...
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.
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Derivatives accounting proposals abandoned to relief of dealers - but move deals a blow to hopes of convergence between US standards and IASB
In the context of a stochastic local volatility model, Jesper Andreasen and Brian Huge present a numerical solution scheme that achieves full consistency between calibration, finite difference solution and Monte Carlo simulation. The method is based on...
Derivatives contracts on multiple foreign exchange rates must be priced to avoid arbitrage by contracts on the cross-rates. Given the triangle of smiles for two underlyings and their cross, Peter Austing provides an analytic formula for a joint probability...
The downside risk of a portfolio of assets is generally substantially higher than the downside risk of its components. In times of crisis, when assets tend to have high correlation, the understanding of this difference can be crucial in managing the systemic...
More than two-thirds of respondents think the long arm of Dodd-Frank will put US banks at a competitive disadvantage
US banks will be shut out of the market for uncleared derivatives, says JP Morgan's chief risk officer
Authorities should put less faith in numbers and what they are told by banks, says top Brazilian supervisor
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