Dealers tackle euro redenomination risks

Back to the drachma?


The dealer sitting on the other side of the meeting-room table is not used to being nonplussed. As the head of trading risk at a large European bank, he spends his days grappling with exotic second- and third-order exposures - but at the moment, he is silent, brows furrowed, eyes downcast.

"Actually, we haven't thought about that. It's a good question, but we haven't looked at it," he says eventually. His answer to the follow-up question is shorter: "I don't know," he says.

To be fair, no-one

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Counting down to dollar Libor transition

In a webinar, experts discussed the impact of market volatility on Libor transition, the availability of term SOFR, developments in non-linear markets and management of forthcoming CCP conversions

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