The risk posed by large exposures to single counterparties has leapt up most managers' agendas in recent months. Hefty writedowns by investment banks of their US subprime mortgage exposures, the revelation by Société Générale that a rogue trader had cost it EUR4.9 billion, and the near collapse and subsequent acquisition of Bear Stearns has hammered home that large, highly rated counterparties are not as safe as once thought.
The treatment of large exposures had attracted regulators' attention m
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- ABS set for revival under US Treasury’s liquidity buffer plans
- Leaked EU doc could shield legacy swaps from clearing grab
- Industry hails potential US relaxation of margin timing rules
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