Risk magazine
Bankers question Wellink’s claim on Basel III economic impact
Bankers question how the committee chairman can accurately estimate the impact of Basel reforms.
Sovereign CDSs balloon as equity markets crash
CDS spreads on vulnerable eurozone countries widened dramatically today as stock markets crashed over uncertainty surrounding the Greek bailout.
US inflation options sponsored forum: Recovery and development
The inflation market has had a challenging few months. In particular, many dealers were hurt by short positions in 0% inflation floors, causing sizeable losses for some firms. Sponsored by BGC Partners, Risk convened a panel of major inflation dealers in…
Basel Committee’s Walter: Basel III on track
A package of reforms to the Basel II capital framework will be calibrated by year-end as planned, says secretary-general.
Custody Risk Americas Service Provider Awards 2010
The sponsored supplement covering the first Americas Service Provider Awards in 2010
Sponsored feature: BNY Mellon – focusing clients on their core activities
Never has the need for efficient management around over-the-counter derivatives business been more crucial, or such a focus, as it is today. BNY Mellon discusses how, with its collateral management services, it has helped clients achieve greater…
Lehman reorganisation plan not equitable, says LBIE administrator
Plans by Lehman Brothers Holding Inc (LBHI) to disregard a majority of guarantee claims from its affiliates are not fair, according to one of the joint administrators of Lehman Brothers International (Europe) (LBIE).
Sparks fly on regulation during Isda's annual general meeting
Heated debate over financial regulatory reform going through the US Congress was at the forefront of the International Swaps and Derivatives Association’s annual general meeting in San Francisco last month.
Senate bill raises the stakes in financial reform debate
The future of the derivatives market in the US has become the subject of a political tug-of-war, after the Senate Committee on Agriculture, Nutrition and Forestry passed a bill prohibiting federal support to all dealers, derivatives exchanges, clearers…
Basel III: kill or be killed
The Basel Committee is trying to prevent a repeat of the financial crisis with a package of new rules, but banks argue the cure could be worse than the disease. After spending the past two months filling out spreadsheets on the impact of the proposals,…
Sponsored statement: The problems with generally used interpolation spaces
In a world increasingly focused on effective enterprise-level risk management, there are notable discrepancies in volatility management techniques. Murex proposes a cross-asset interpolation space with potentially significant risk management impacts
Confusion over CVA
Dealers are becoming more disciplined in pricing credit – a lesson learned the hard way after the collapse of Lehman Brothers. However, banks are taking a variety of approaches, and some participants believe certain firms are habitually underpricing…
Dampening pro-cyclicality in margin
The Committee on the Global Financial System has released a proposal recommending changes to dampen pro-cyclicality in margin practices and haircuts for securities financing and over-the-counter derivatives. How could this affect collateral management…
Buy side steers clear of CCPs
Regulators have pushed hard to ensure buy-side firms are able to access central counterparties since the crisis began. But despite the launch of several new services, very few buy-side participants are actually using them. By Mark Pengelly
Prime brokers move to SAS 70 audits
Learning from the default of Lehman Brothers, a growing number of prime brokers are adapting their business model to ensure margin is segregated and secure, with some looking to win third-party validation for the controls they have in place. Which firms…
Waiting for CCP standards
Proposed standards for central counterparties clearing over-the-counter derivatives will be published in May, tackling contentious issues such as governance, margin practices and default management. Dealers are anxious to ensure the standards are…
Cat bonds return
The market for catastrophe bonds dried up in 2008 and early 2009 as the financial crisis took its toll. Confidence is returning, helped by wide spreads and a re-think about the assets used to collateralise catastrophe bonds, but issuance has yet to…
Optimism for property derivatives
Despite massive global real estate losses, the property derivatives market has been largely ignored, with trading activity focused almost exclusively in the UK. What are the prospects for growth in the asset class? By Peter Madigan
Losing the asset swap lifeline?
A price difference between inflation-linked and nominal bonds last year created a huge opportunity for real-money investors to benefit through asset swaps. Now the opportunity has diminished, how important are asset swap investors in providing inflation…