Regulators have talked tough about clamping down on the structured credit market ever since the financial crisis began. They’ve been true to their word, ensuring capital charges are punitive enough to make large parts of the business economically challenging for dealers. That and the rhetoric from legislators in Europe in particular have prompted many banks to pull back from the sector, unwilling to risk their reputations and increasingly scarce capital resources. But fewer competitors mean
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Credit risk quants are hitting the tech gap
- Princeton tops inaugural Risk.net quant master’s ranking
- Does credit risk need an expected shortfall-style revamp?
- Quant Finance Master’s Guide 2019