Asset managers look beyond quantitative metrics for hard-to-model risk
"The rules are based on assumptions that are incorrect," says Isda
Demand is high for alternative ETFs, despite underwhelming performance
Chief executive of railways pension group says cost controls more important
London-based start-up joins liquidity contest via buyout of Chicago HFT firm
Not trading in full amounts makes market-making harder and more expensive for clients, say market participants
Buy-side firms sceptical about liquidity metrics, but see need for fundamental change
When banks closed prop desks, market liquidity improved, academics claim
Dealers could save millions in broker fees and transaction costs, non-banks claim
Liquidity is a concern, but lower capital requirements are not the answer, writes SNB's Rime
Funds giant embraces non-bank liquidity and fungible derivatives
LiquidityMetrics uses buy-side questionnaire to measure liquidity in data-scarce bond market
Vendor signed up 150 buy-side clients in 2015, offering them a peek at previously hidden bond flows
DNB experts recommend improved market-wide and bank-specific liquidity stress tests
High volatility and noisy data sets have profound implications on risk management in commodity markets
US mutual fund processes need upgrading for SEC proposals to be viable, say asset managers
Three-quarters say OTC liquidity held steady or fell last year, while 25% saw gains
Moving away quickly from a dual liquidity regime could be "self defeating", says regulator
Secretary general says FSF failed to act on known risks surrounding resolution and securitisations
Axa avoids big hedge funds that leave footprints in illiquid markets
Liquidity crisis growing likely in credit funds, says CEO Rick Sopher
In this issue of The Journal of Financial Market Infrastructures we have two papers on large-value payment systems and two papers on central counterparties.
The authors study the issue of liquidity provision in the context of payment systems where participating banks have flexibility on the timing of their outgoing payments during the settlement day.
This issue includes: an analytical value-at-risk approach; loss distributions; default risk of money-market fund portfolios; and credit scoring and medical collections.