Risk.net
Latest
Ice, CME shore up clearing house recovery planning
Introduction of VMGH and tear-ups comes amid impasse over CCP recovery and resolution rules
Buy side seeks non-cleared margin relief for SMAs
Sifma AMG calls for $50 million IM exchange threshold to be set annually
Isda sets two options for Libor fallback spread
Historical spread adjustment to be based on five-year median or 10-year mean
Latest
Risk Quantum
Data insights, delivered daily
Risk Quantum finds insights in data. The service tracks the public disclosures of over 120 banks, funds, insurers, corporates, and central counterparties – as well as reports from prudential and markets regulators – in Asia, Europe and North America.
Editors' choice
SOFR discounting switch splits Goldman and JP Morgan
CFTC committee calls on clearing houses to align timing and compensation mechanisms
Big Figure
UK interest
Dealers in the UK accounted for $3.67 trillion of the average daily global turnover of interest rate derivatives in April 2019 – 50.2% of the total. This is up from $1.2 trillion in 2016, when UK sales desks accounted for 38.8% of turnover. US dealers accounted for 32.2% of turnover, down from 40.8% three years prior. Hong Kong followed with a 6% share, up from 3.6% in 2016.
Read the full article
Comment
How collateral scarcity reshaped the US yield curve
Swaps data: analysing the US rates collapse
Op risk data: Sanctions-busting fines cost banks $20bn
Credit data: Italian banks find themselves at a crossroads
Our Take
When regulators become nationalists
Span 2: a fine balance
Time for a (proper) G-Sib speeding ticket
Backtesting expected shortfall: mission accomplished?