Editor, Risk management
Tom Osborn is the desk editor of Risk.net’s risk management coverage, overseeing a team of journalists based in New York, London and Hong Kong.
Prior to joining Risk, he reported on the futures and foreign exchange industries for Dow Jones' Financial News and the Euromoney group.
Tom holds a bachelor’s degree in English literature from the University of Warwick, UK.
Esma responds to EC's 'intended rejection' of one-year postponement
Mandatory clearing in Europe is widely expected to start from next year, but the complex authorisation process, combined with the variety of collateral segregation models, means the start date for some clients could be much later. Tom Osborn reports
CFTC's Chilton says "continuing to kick the can down the road is just not acceptable", as expectations grow that Europe will miss 2014 start date
CME Group has no plans to alter haircuts on US Treasury bills, despite some concern that politicians will fail to avert a US default on October 17
Currency controls in South Africa limit the ability of domestic investors to build stakes in big overseas companies. Listed quanto futures are one way round that, but the users remain exposed to currency risk – so some banks are now pushing an options…
Five years on from the collapse of Lehman Brothers, the chaos that followed is now being erased from some value-at-risk models – and clearing houses do not agree on how to prop up their margin requirements. By Tom Osborn
The surprise decision by the Federal Reserve last month not to scale back its quantitative easing programme will create more volatility, says economist
Senior MEP says officials from US and Europe only recognised dangers of Sef rules footnote in recent weeks
Forward guidance alone is of little use from a liquidity planning point of view, conference hears
Pension schemes are sitting on a huge amount of longevity risk, and capital markets investors could provide a home for this exposure. It looks like a tempting opportunity for bank intermediaries – but many dealers have tried and failed. Tom Osborn reports
New London-based platform has buy-side fans, but no publicly declared backing from market-makers
A change in CFTC rules could lead to clearing members having to increase default fund contributions at CME and other US CCPs
Pension funds look for alternatives to OTC inflation swaps, as clearing services remain on the drawing board
Only two FCMs are currently offering margin offsets between interest rate swaps and futures at CME
Early users of CME’s deliverable swap futures contracts fear the products will be taxed as loans in some situations. And with features of those contracts being used in other new instruments, it could become an issue for the entire industry. Tom Osborn…
Esma acknowledges industry concerns over delegated reporting provisions and confirms it is considering a one-year delay