Opinion
Citi scrape could change FXPB skyline
FXPB business is in the throes of profound changes – and CCPs could benefit
Swaps data: IM grows in listed and OTC markets
Data shows fourth-quarter jump in IM across all product groups and after-effects of Nasdaq losses
Op risk data: Chinese regulators levy record fines
Also: top losses feature two frauds at Russia banks and AML provisions at Nordea. Data by ORX News
Counterparty risk, EU securitisation and Emir problems
The week on Risk.net, April 27–May 3, 2019
Credit data: worrying trends in sovereign risk
All signs point to a more volatile environment for sovereign credit risk
EU’s new securitisation market stumbles at the starting gate
Lack of single supervisory authority is hampering EU efforts to create new markets
SA-CCR may need more fundamental fixes
Quants propose tweaks to improve Basel counterparty credit risk framework
Digital forex, GDPR and US structured products
The week on Risk.net, April 20–26, 2019
Fixing floaters: how the 10y10y rate can save FRNs
Experts from Crédit Agricole’s rates team explain how use of a forward euro fixing can bring positive carry and improve coupons
Privacy, CCP risk and securitisation doubt
The week on Risk.net, April 13–19, 2019
Sovereign swaps users should learn from Italy’s mistakes
Posting collateral is a cost debt offices must embrace, argues Stefania Perrucci
Baselines for applying machine learning to investing
Techniques that worked in the natural sciences may not translate well to financial markets
Don’t fear the clearer
Wider use of CCPs not systemic threat – but participants do face hard-to-measure risks
Swaps trading, range accruals and manufactured defaults
The week on Risk.net, April 6–12, 2019
Remembering the range accrual bloodbath
Flatter US yield curve spurs demand for a product with a painful history
Op risk data: Europe’s AML drive follows Danske and ING slips
Also: top five losses include mortgage penalty for Citi and reporting fines for Goldman, UBS. Data by ORX News
Swaps data: cleared volumes and CCP market share
Data shows CME and Eurex growing faster than LCH Swapclear
Problems with SOFR, CCP risk and Brexit again
The week on Risk.net, March 30 – April 5, 2019
Op risk past is prologue for UK banks
UK banks will not be allowed to forget past misdeeds
Sovereign risk weights cannot wait
Why reform of Basel rules is urgent – and how to improve on December 2017 proposals
Will the Nasdaq default spur CVA for CCPs?
Quant proposes model to calculate bank credit risk exposure to CCP
Credit data: UK banks hold firm as Brexit looms
The credit status of UK banks remains unchanged, but other industries have seen significant deterioration
CDM, money laundering and blockchain settlement
The week on Risk.net, March 22–29, 2019
UK RPI, initial margin and Brexit data problems
The week on Risk.net, March 16–22, 2019