Credit risk efficiency contributes to Switzerland’s banking prowess

Speaking in a news conference in Berne last week, Hildebrand said that the banking industry’s good state of health was partly attributable to innovation in financial markets: “New financial instruments, such as credit derivatives, enable banks to separate their credit risk and transfer it either completely or partially.”

He added that this led to better distribution of credit risk, which has led to lower financing costs for consumers.

But Hildebrand did go on to caution banks against taking too

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Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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