Dealers have sold products their clients did not need, says top quant – and industry must refocus on legitimate risk transfer
More Derivatives articles
Dealers say rules for default fund exposures are an improvement, but risk weights are not tied to "real default probabilities"
The Basel Committee decided earlier this year to include collateral outflows arising from changes in derivatives values in bank liquidity requirements. Their suggested approach, however, has worried...
Supervisors ‘should accept the legislation that the council and the parliament in their wisdom have decided upon’, warns MEP
Industry undecided on whether own cost of funds or an industry average funding spread should be used
Standard-setter decides trades can still qualify for hedge accounting when voluntarily novated to a CCP, but experts warn wider stance on novation could cause trouble
Eleven EU states have agreed to implement a harmonised financial transaction tax, due to begin in January 2014. The tax has a huge extraterritorial reach, posing serious questions about its impact o...
The draft form of the EU's proposed financial transactions tax is 'unworkable' for European firms operating in Asia
Bilateral CVA of optional early termination clauses
Variable annuity products must avoid the derivatives witch hunt
No economic need for initial margin on non-centrally cleared derivatives, argues Insurance Europe
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.