Opinion/Our take
Citi reorg the final note in failed swaps clearing model
Strategic shift from OTC clearing powerhouse to client support function marks the end of an era
Climate risk: the writing is on the wall
For the EU financial sector, climate risk is inescapable, but it could be tamed
Overhyped green status is no longer a risk-free sales tool
Asset managers’ ESG claims will now be more closely scrutinised following DWS allegations
Fallback dodgers walking a difficult path
Firms avoiding signing the Isda protocol will face challenges, say industry figures
The long-term effect of Covid-19 on market risk capital
Covid-19 has replaced the global financial crisis in some banks’ stressed VAR calculations
Allocation models that know their unknowns
Quants say probabilistic programming beats machine learning in balancing strategies
Swiss banks ask, how about a magic trick?
Banks pull off an accounting trick – with the help of their regulator
How slower growth in China could threaten financial reforms
Low GDP could mean reforms are forgotten
How Amazon and Netflix disrupted value investing
New business models have upset a common metric in the quant strategy
Remembering the range accrual bloodbath
Flatter US yield curve spurs demand for a product with a painful history
Dabbling in data science won’t cut it
Banks are seeking data-led boost for research arms – only a few will succeed
No fast buck for global banks moving into China
New entrants must not think majority stake in JV will pay immediate dividends
Keeping the lights on
Power companies need to focus on resilient networks
The renewable future
The shift to solar and wind is creating new challenges
Regulatory merger keeps China on course for deleveraging
Combination of banking and insurance regulators offers opportunity to co-ordinate debt reduction measures
A Brexit financial services deal and the 12 tasks of Hammond
UK call for turbo-charged equivalence with the EU faces big hurdles
Fed vs Fed: central bank faces traps of its own making
Fed’s balance sheet normalisation goal set to collide with its banking system resilience aims
Buyer beware: the FX code has not gone far enough
New standards for currency dealers have brought some big improvements, but many practices remain hazy
Multicurve modelling is about to get more complex
Research into rates pricing is becoming more urgent given recent regulatory changes
The top 10 op risks – a field guide
Survey should be read as industrywide attempt to relay and share worries anonymously
Bitcoin’s busy month
Bitcoin could give us a safer central clearing mechanism
Waiting for Giancarlo
CFTC no-action relief to be codified, but big changes on de minimis and position limits still distant
How Asia’s structured products dodged equities sell-off
Dealers deserve praise for improved structures, greater diversification and better risk transfer
Now casting: options traders needed for disaster movie
Gamma deserves share of spotlight in volatility drama