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Latest on Derivatives
New pre-cessation poll likely as FCA quells zombie Libor fears
Minimal non-representative lifespan opens door for rerun of Isda trigger consultation
Bank disruptors: BofA’s ‘citizen devs’ take on innovation mantle
Central data and technology group enables frontline ‘citizen developers’
Bank disruptors: a ‘token’ effort from UBS
The utility settlement coin will kick-start trading of digital assets, says Chris Purves
Latest
Quotes
The concept of pure bid/offer is evaporating in terms of the ability to say ‘on this ticket, we’re making this much'
Nirubhan Pathmanabhan, co-head of global interest rate product trading at Goldman Sachs
CDSs are there to do a job in a credit event, and if they stop doing that, it creates a negative perception of the product
Adeel Khan, global head of credit at Barclays
All banks need to be more efficient, so when you have a player that’s as dominant as Ion it’s a worry for everyone
E-commerce specialist at one bank
Editor's Choice
Banks team up for ‘Ion replacement’ project
Consortium weighs building fixed income software in potential threat to Ion, the dominant vendor
Big Figure
Margins of error
Clearing house CME reported two margin breaches totalling $79 million in the first quarter of the year. The CME attributed the shortfalls to increased volatility, without identifying either the parties or the positions involved. The bigger of the two breaches, $47 million in size, was the largest since public disclosure began in 2015.
Read the full article7 days in 60 seconds
Disruption, CCP default and the latest Libor problem
The week on Risk.net, January 18–24, 2020
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Signing the Libor fallback protocol: a cautionary tale
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Our Take
EU compounding confusion creates headaches for banks
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