Risk magazine
Veolia: taking XVAs by the horns
Veolia's Damien Vancraeyneste, on capping costs and challenging banks’ calculations
Custodial sentence: G-Sib charge hits 'riskless' business
Treating custody deposits as wholesale funding increases risk, critics say
In-depth introduction: Japan
Senior officials at the BoJ and JFSA speak to Risk.net about QE, Basel III and more
Challenging economic pessimism: an optimistic note
A contrarian, upbeat view of the long-term economic outlook
People: Deutsche Bank loses two senior fixed-income traders
Zar Amrolia leaves Deutsche for XTX Trading, while Michelle Neal goes to BNY Mellon; Brevan Howard hires former RBS traders; HSBC appoints new head of forex options
Cutting Edge introduction: Sticky SABR
Quants develop a hassle-free model that can handle negative interest rates
Mifid II price tiering guidance unlikely, say dealers
Banks warn vague rules "like the Rorschach test" and need clarification
Capital valuation adjustment: our coverage of KVA
Roundup of articles on the emerging discipline
Deutsches Risk Rankings 2015
Commerzbank tops Deutsches Risk rankings for second year in a row
Deutsches Risk survey 2015: German firms adopt wait-and-see on clearing
No scramble for OTC derivatives alternatives among survey respondents despite fears mooted carve-outs from regulation may disappear
Q&A: BoJ's Nakaso on QE, JGB liquidity and Basel III
Coherence of new Basel rules needs study, says BoJ deputy governor
Hidden price pressures grow in euro swap market
Clients face wider bid/offer spreads, as dealers struggle to find liquid hedges
Liquidity events becoming more common, buy-siders claim
US Treasury market has seen eight intraday moves exceeding five standard deviations since 2012
Q&A: Visco of Bank of Italy on bank reforms and supervision
Splitting off prop trading would ‘complement’ EU resolution regime
The rise of KVA: how 10 banks are pricing the capital crunch
Risk survey shows new add-on is gaining acceptance and could reshape the swaps business
Regional swaps booking replacing global hubs
Banks complain of mixed supervisory messages, but regionalisation trend is clear
Banks bemoan data gap in Mifid II systematic internaliser test
Required EU trading data non-existent, dealers complain
CME guaranty fund cut could lure new clearing members
Regional banks and prop shops eye direct membership, but FCMs see few benefits
Q&A: JFSA's Shirakawa on Basel III buffers
"Clarification is now urgently needed" on counter-cyclical buffers, says JFSA deputy commissioner
Banks split on accounting for KVA – Risk survey
Accounting standard is coming, say some - others see no KVA requirement
KVA losses would outweigh FVA – Risk survey
Respondents reveal huge gulf in pricing for generic swap
BoJ and JFSA officials seek bank capital clarity
BoJ’s Nakaso suggests moratorium after current rule-book changes are complete
Wrong-way risk done right
Jacky Lee and Luca Capriotti present an arbitrage-free valuation method for counterparty exposure of credit derivates portfolios.
Brokers defy BlackRock over average pricing on Sefs
"We're lions, not zebras," says Icap's Paulhac