Risk.net’s latest benchmarking exercise shows banks confronting decades-long exposures, while grappling with political headwinds, limited resources and data gaps
Markets never forget: the lasting impression of square-root impact
“Price impact is not merely about slippage around a ‘true’ price: when markets are inelastic, trading changes prices in a way that can persist and therefore changes the investment landscape itself” – Jean-Philippe Bouchaud, Capital Fund Management
19 Feb 2026
