Opinion
The drawn-out death of a standard IRRBB charge
For 23 years, regulators have been trying – and failing – to standardise banking book rates risk
Riskology: Complexity economics as a future source of alpha
Advances in understanding of networks hold potential for new trading strategies for hedge funds
Variation margin, DVA and a look back at 2015
Three weeks on Risk.net, December 18, 2015–January 8, 2016
Cutting Edge introduction: No more shortfalls?
Academics develop expected shortfall backtest to compare standardised and internal models
How FVA saved the cross-currency swap
Funding benefits have slashed pricing for some uncollateralised trades
Surprise answer to regulatory squeeze: use more swaps
New rules could push buy-siders towards synthetic strategies
Collateral or settlement: capital cut rests on role of VM
Questions about status of variation margin are more than semantics
7 days in 60 seconds – margin rules, TLAC and power markets
The week on Risk.net, December 11–17 2015
Proprietary indexes: private products face public scrutiny
Post-UBS enforcement action, what next for custom indexes?
How ‘worst-of’ strategies can outperform index-linked products
Stock-based structured products can outperform index-linked counterparts but rigorous analysis is key
7 days in 60 seconds – AMA, leverage and the year of XVA
The week on Risk.net, December 4–10, 2015
Risk management: different industries, different drivers
Energy firms get wise on credit risk; asset managers tackle op risk
Cutting edge introduction: Monetising out-of-the-money
Out-of-the-money options contain a hidden premium, says one quant
Fundamentally fraught: the chaotic last weeks of the FRTB
Quick fixes should have no place in a sweeping three-year reform project
7 days in 60 seconds – FRTB, clearing and TP Icap
The week on Risk.net, November 27-December 3, 2015
Operational risk: what do the regulators expect?
Ariane Chapelle offers some advice on how to avoid unnecessary scrutiny from supervisors
G-Siis must get used to regulatory pressure on two fronts
Contradictions between systemic risk rules and solvency regulations seem unavoidable
Europe's new supervisory toolkit
Data and transparency remain challenges for EBA
Comparing alternative mixing models for external operational risk data
Mixing, not scaling, best approach for using external losses
7 days in 60 seconds – Emir, spoofing and central clearing
The week on www.risk.net, November 20–26, 2015
Indos: hedge funds switch from depositories affiliated to administrators
Conflict of interest poses operational risk if one part of group oversees affiliate
US spoofing crackdown is a case of misplaced priorities
There are worse HFT practices than spoofing, yet only spoofers go to jail
ISSA standards seek to stamp out cross-border custody crime
Principles also target misdeeds in settlement and distribution of securities
Time to get back to the real business of stress testing?
Bank supervisors should focus on improving internal stress-testing all year round