Articles by Duncan Wood
Putting FVA in a cage
If banks can't standardise funding charges, accountants or regulators should step in
In-depth introduction: Clearing incentives
Price hikes at Goldman Sachs show how much pressure FCMs are under
Profile: Citadel's Hamill on the fight for swaps market share
New entrant is making prices - and hedging - electronically
Citadel shaking up swaps competition
Chicago firm is now a top-four market-maker on US swap platforms
SunGard unveils clearing utility as FCM exit fears grow
Barclays is first client for service that promises 20% savings for FCMs
What links Schumpeter, market structure and Basel III?
Regulators are hoping higher capital levels will translate into healthier markets
The invisible incentives of clearing
Leverage ratio is making life difficult for clearing's gatekeepers
End of the bumping grind?
In quest for processing power, banks are choosing 'unnatural' calculus over fancy chips
Piecing together the October 15 puzzle
Huge US Treasury swing was result of hedge fund crowding and gamma hedging
Dealers have the last word on derivatives notionals
Compression is the ultimate retort to those who equate notionals with exposure
BoE’s Cunliffe: era of free liquidity is over
Market participants ‘will have to pay more’ to get in and out of positions
In-depth introduction: Expected shortfall
Weird or pragmatic: VAR-based back-tests for expected shortfall
Negative Eonia splits US and EU banks, traders and lawyers
Collateral posters should pay when rates are negative, US banks believe
HFT firms ‘learned a lot’ from Knight Capital loss
Automated risk systems vital, says Tower Research Capital CRO
Pension plans urged to take more risk
‘Under-risked’ plans will not hit 7.5% return targets, warns Paamco CEO
FCA: some energy firms botched key Emir test
Review finds “mixed bag” when counting trades towards clearing threshold
French regulator finds market manipulation using Emir data
Enquiry now underway, AMF official tells conference
The fear of being naked
The industry is not finding it easy to give up termination rights
EBA: Objections over WGMR rules not our fault
EU authorities claim hands are tied by WGMR proposals on non-cleared margin requirements
Sympathy for the arbitrageur
Life has become more difficult for arbitrageurs - and other market participants should care
Powell says Fed will ‘make sure’ swap market can ditch Libor
Central bank will coordinate switch to new risk-free benchmark
In-depth introduction: Stress tests
Fed using CCAR to wield threat of dividend restrictions
IASB + FASB = FAIL
Stakeholders have given up hope of accounting convergence
Virtu to take on banks as swap market-maker
HFT firm is one of two non-banks known to have traded on broker Sefs