Asia Risk - Sep 2020
In this issue: CVA desks keep an eye out for the next crisis; the dearth of students filling quant finance courses; and more
Articles in this issue
XVA traders have no time to rest on laurels
Markets have calmed, but they may not be out of the woods yet
Asia risks falling behind on Libor transition, sources say
Regulators urged to take a more active role in steering buy-side firms to new benchmarks
Singapore to end Sibor by 2024
Multi-rate approach ditched after failed efforts to enhance Sibor
Indonesia eyes netting changes to enable derivatives CCP
Central bank says legal amendments will pave way for locally cleared NDFs and interest rate swaps
After Covid, CCPs face calls for revamped disclosures
Banks and buy-side firms working with clearers to provide more granular info on margin shortfalls
CVA desks arm themselves for the next crisis
March’s volatility forces dealers to fine-tune hedging strategies
Quant finance courses tested by Covid’s echoing classrooms
Universities fret over drop in international students and demands of online learning
FX swaps platform aims to cut out the banks – but not entirely
Peer-to-peer newcomer FX HedgePool targets asset managers’ month-end hedging activity
Funds turn to stress-testing in fast-forward and reverse
Buy-side risk survey: Covid-19 is changing the way investors think about stress tests
Op risk data: Goldman 1MDB settlement swells 2020 loss tally
Also: Deutsche fined over Epstein KYC failings; collateral fraud in focus. Data by ORX News
Libor replacement II: completing the generalised FMM
The FMM is upgraded to model the full term structure, pricing all possible bonds and the bank account
