Articles by Tom Osborn
Nasdaq auction failure ignites anti-clearing backlash
CCP members wary of illiquid risks
Podcast: Princeton’s Carmona on the future of quant education
Course director discusses machine learning explainability and reclaiming game theory from economists
Aussie banks: a right Royal mess
Misconduct probe sparks board changes and bout of introspection at Big 4
Model risk chiefs warn on machine learning bias
ML model outputs open to “potential bias sitting in your datasets”, says RBS model risk head
Quant guide 2019: industry entrants face cultural ‘abyss’
Divide between industry and academia worries practitioners and professors
LCH shakes up compression vendor fee structure
Proposals follow criticism that current regime favours top provider TriOptima
HSBC hires new head of model validation
Bank appoints Credit Suisse veteran to key role
Ice changing margin model for move into options
CCP aims for Q1 2019 roll-out of new Monte Carlo-based methodology as it plans launch of index swaptions
Fed could soften CECL impact on stress tests, banks say
Risk USA: Firms may be allowed to spread impact of projected losses across CCAR cycle
Humans struggle to keep pace with machine learning
Banks and regulators grapple with ‘XAI’ challenge
Key South African rate ‘bears no relation’ to market
Jibar based on product that rarely traded during two-year period, says central bank official
FRTB could ‘kill’ local markets – South African banks
Dealers urge South African Reserve Bank to depart from Basel standards on NMRFs
Lehman’s ghost: how three CCPs anchor models to crash
The Lehman crash still haunts the margin models of LCH, CME and Eurex, albeit in different ways
UBS faces capital hike from credit model curbs
Bank estimates Sfr35 billion jump in RWAs from Basel III, with credit modelling one driver, says CRO Bluhm
Bank boards: goodbye to the prawn sandwich brigade?
Focus on personal liability makes risk committees a more effective challenge, say banks
Has op risk capital peaked for US banks?
Analysts expect steady fall in biggest banks’ $1.4 trillion in RWAs
Mark Yallop on conflicts in fixed income
Banks and their clients need protocol on information sharing, says FMSB chair
BoE: UK banks falling short on stress-test model risk
Recent guidance on stress-test models could be expanded, says BoE exec
Rolet is right – for now
CME/Nex deal could change the established logic on how to deliver rates market savings
3LOD helps bolster risk culture – banks
Credit Suisse links metrics gleaned from first- and second-line risk managers to pay decisions
Barclays op risk chief departs
Outgoing head to be replaced by chief controls officer at the UK bank’s group service company
Fed’s Curti: SMA will smooth capital mismatches
OpRisk North America: non-US banks holding less capital under own-models approach was “a big problem”, says regulator
UBS hoping for capital relief for past op risk losses
OpRisk North America: Swiss bank has taken action to prevent a repeat of costly missteps