Articles by Kris Devasabai
A silver lining to the repo clouds
Central clearing of buy-side trades could further buttress the repo market
BNY Mellon’s Neal on funding, liquidity and collateral
Markets head Michelle Neal says firm has “big responsibility” after JP Morgan’s tri-party repo exit
Model risk managers grapple with interconnectedness
US regulators ask banks to assess cross-dependencies of models – prompting some to employ network theory
Profile: Quant boss touts benefits of tech team merger
TD Securities says combining teams has allowed rapid rollout of platform for risk and P&L management
Banks move to model smaller op risk losses
Credit Suisse is using scenario analysis to model the risks associated with internal fraud losses
Crapo: US Treasury reforms will be ‘complicated’
Democrats unlikely to back changes that benefit big banks, Senate banking committee chair says
World Bank bets on compression for EM currencies
NY-based start-up LMRKTS gets backing to support illiquid markets
Buy side must clear hurdles to revive CDS liquidity
Some firms forced to watch from sidelines as voluntary clearing of single-name CDSs takes off
LCH to clear single-name CDSs for US clients
Paris-based CDSClear already in discussions to onboard its first US FCM
Don’t keep up with the Kardashians
Dealers may have gifted the buy side an information edge
Repo traders brace for wild quarter-end
Overnight repo rate expected to widen dramatically on Friday
Can US money funds rely on French banks for repo liquidity?
Foreign dealers may be here today, gone tomorrow
Hedge fund H2O suffers $160m loss after Brexit shock
UK-based firm’s four macro funds hit by equity index and sovereign debt losses
Canada waits on US, EU to mandate CAD swaps clearing
Regulatory arbitrage fears stall clearing mandate for CAD swaps in Canada
CFTC clamps down on insider trading in derivatives
Bank traders who leak information about derivatives trades to hedge funds could face charges, CFTC officials say
End-users shun ‘broken’ US swap market
Negative swap spreads forcing hedgers to look for alternative instruments
Op risk models still needed despite SMA, says regulator
Models “play an important role in quantifying risk”, says OCC's Beth Dugan
TruMid takes early lead in credit dark pool race
Nearly $2.5 billion of corporate bond trades have been executed on dark pools since May
Citadel shut out of Tradeweb as it makes US Treasury move
Firm is first non-bank on Bloomberg, but primary dealer catch means it cannot join Tradeweb
Mariner Coria: the changing face of arbitrage
Fund manager exploits mispricings linked to structured products and derivatives end-user flows
SEC finds no evidence of lost liquidity in single-name CDSs
Quant Congress USA: data shows stable liquidity for clearable CDSs, official claims
Citi exec laments plight of the quants
Quant Congress USA: Quant departments have become “sterile” and “dumbed-down”
'Gamma trap' theory features in US Treasury meltdown report
Official post-mortem considers claims that options hedging amplified October 15 move
Bond-CDS basis trades have 'stopped working', hedge funds say
Arbitrageurs have exited trades, leaving basis structurally higher