Credit risk
Jockeying for position
A slew of market participants are hoping regulatory scrutiny of the derivatives industry will enable them to gain new footholds in the derivatives clearing and settlement value chain. Georgina Lee reports
Conflict in China
Editor's letter
Chinese banks demand parent guarantees from western derivatives counterparts
Onshore swaps and forex derivatives markets grind to a standstill as foreign banks refuse to sign Nafmii agreement
Recruitment rising, says Risk.net survey
Financial services firms are selectively recruiting new talent, according to a new Risk.net website poll. Risk talent is at the top of the shopping list.
StanChart signs $500m risk-sharing deal with Ofid
A $500 million trade-finance agreement has been signed between global bank Standard Chartered and the Organisation of Petroleum Exporting Countries Fund for International Development (Ofid), which aims to boost world trade flows for emerging market banks.
The road to a quality Street
The Lehman Brothers bankruptcy was unprecedented in US structured products history and brought the burgeoning market to its knees. After capitalising on certificates of deposit, there are indications that investors may be recovering their poise. Richard…
Sponsored Q&A: Transformational change
BNY Mellon this year launched Derivatives Collateral Net (DCN), a unique netting service for derivatives collateral management. Scott Linden and Mark Robinson of BNY Mellon talk about how they see it transforming the industry
Sponsored forum: Quantifying the qualitative – striking a balance
Sponsored by Credit Risk Management LLC and chaired by Risk, a panel of industry professionals convened in New York to discuss the dynamic between banks and capital markets, particularly on the issues of raising capital and the nature of credit analysis,…
A rotationally invariant technique for rare event simulation
Because of their low probability, including extreme events in Monte Carlo calculations of the value-at-risk of a credit-risky portfolio requires many simulations. Here, Susanne Klöppel, Ranja Reda and Walter Schachermayer demonstrate a geometrically…