Risk magazine
Why Isins are not fit-for-purpose OTC derivatives identifiers
SocGen’s Bill Stenning says draft Mifid II regulatory technical standards should be amended
Banks explore spin-offs for cleared swaps desks
Non-bank dealers would escape Basel III; private equity seen as likely owners
Clearing fees up for 60% of swaps users due to leverage ratio
Survey of US asset managers reveals higher costs and reduced access to clearing
Euribor administrator woos banks to revamp dwindling panel
Efforts to double number of contributing firms said to face strong resistance
FVA sceptics lose ground in valuation debate
Market needs to move on from theoretical argument and focus on numbers
EU banks plan to flee CME when key Emir date arrives
CCP oversight stand-off leaves banks in a bind as Feb 21 frontloading deadline nears
The funding invariance principle
Youssef Elouerkhaoui shows how the choice of discounting rate is irrelevant for pricing
Mazzella to leave Citadel at end of month
Chief operating officer for fixed income set to depart at end of February
Mixed industry reaction to Moody’s CCP ratings
Clearing members say narrow definition of default may limit ratings’ usefulness
Risk management for return enhancement
Lundin and Satchell present a non-linear asymmetric dependence method between two assets
Non-parametric local volatility formula for interest rate swaptions
Gatarek, Jabłecki and Qu introduce a Dupire-like formula for swaptions
Corporates warn of legal risk in Euribor transition
Proposed new methodology behind benchmark constitutes a "fundamental" change, ACT argues
Looser capital won’t ease bond liquidity – SNB’s Rime
Central banker calls for counter-cyclical leverage ratio and scrutiny of funds’ role
Bank market-making is more limited, but also more robust
Liquidity is a concern, but lower capital requirements are not the answer, writes SNB's Rime
FSB’s Andresen: liquidity risks were underpriced pre-crisis
Top staffer at FSB addresses liquidity, bank risk data and securities financing risks in a wide-ranging interview
Banks work together in effort to reduce XVA costs
Dealers offer rewards to clients and rivals for help in cutting valuation adjustments
Barclays ousts head of rates trading
Yarian out after UK bank announces major shake-up of global investment banking operations
Banks weigh call for extra delay to parts of Mifid II
Some want the new regime to be phased – on top of mooted one-year delay
Risk Awards 2016: The winners
Citi is top house; lifetime award for BlackRock's Golub; Citadel hits top spot for rates
Eonia ‘almost meaningless’, says Eurex
Thin volumes in unsecured lending market should be a cause for concern, bourse operator argues
Deal of the year: Republic of Senegal / SG CIB / MIGA
Loan insurance from arm of World Bank helped cut CVA and KVA on a $250m cross-currency swap
Hedge fund of the year: Citadel
Citadel’s hedge funds dodged the Swiss franc’s surge and made money during the Greek debt crisis
Asset manager of the year: Vanguard
Funds giant embraces non-bank liquidity and fungible derivatives
Inflation derivatives house of the year: Barclays
Barclays led the year's most talked-about trade – the Yorkshire Water swaps restructuring