Louie Woodall is the editor of Risk Quantum. He was previously deputy editor for Risk.net's risk management desk, and before that covered equity derivatives and structured products for the derivatives desk.
Louie holds a bachelor’s degree in modern history and politics from the University of London.
Agency bond trades made up 37% of total tri-party transactions on September 4
Covid-19 has replaced the global financial crisis in some banks’ stressed VAR calculations
Risk-weighted assets lagged surge in EAD
Goldman, Morgan Stanley see stress capital buffer cuts
Total net derivatives assets fell 4% over three months to end-June
Special purpose vehicles bought €19.2 billion of securitised bank loans in Q2
About $227.5 billion of firms’ debt holdings are BB+ rated or lower
PCLs fell 36% quarter-on-quarter
At Citi, exposures with a PD of 10% to 100% increased 73% quarter on quarter
Total exposures increased 3% year on year
Seven-day swap utilisation has dropped off since May
Aggregate current credit exposures to hedge funds falls 42% quarter on quarter
Non-operational deposits accounted for over 25% of cash outflows in Q2
Median probability of default increases 38bp to 1.7% on the quarter