Since over-the-counter derivatives were first invented in the 1980s, exchanges have viewed the market through jealous eyes. Over the years, they have made numerous efforts to grab a piece of the action –...
The case for dynamic efficiency
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Regulatory myopia must not prevent a long-term view
Beginning again from the end
If there had been an equities division within Barclays in the US in the early days of exchange-traded funds (ETFs), the debate about whether physically-backed or derivatives-backed is better would probably...
The question is not when Solvency II will come into effect, but in what form
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.