Systemic risk
Risk Annual Summit: DVA hedging creates systemic risk, says Brigo
King's College professor of finance Damiano Brigo says regulators should clamp down on dealers looking to hedge debit value adjustment gains by selling CDS protection on closely correlated names
Mitigating op risks for CCPs post-crisis
To the rescue
Adapting banking supervision for a crisis scenario
Rethinking banking supervision
Central clearing - challenges and progress: part 2
Diana Chan, chief executive of EuroCCP, talks to Jessica Meek on interoperability in cash equities and OTC derivatives
Central clearing - challenges and progress: Part 1
EuroCCP's Diana Chan talks to Jessica Meek on the issues facing the clearing industry
Insurers must not be treated like banks in policies to tackle systemic risk – Geneva Association
Insurance industry helps to stabilise money flows and should not be weakened by regulatory initiatives to address crisis in financial industry, says think-tank
US buy-side 'systemic risk' form might be missing the point
Form PF and the debate on buy-side risk
Risk USA: Regulators need different focus to risk managers, says SEC risk adviser
Different approaches taken by regulators and risk managers are justified, according the SEC’s Gregg Berman
Isda: Inconsistency among regulators worrying
Dodd-Frank's extraterritoriality and supervisory focus on market structure reforms that will not deliver systemic risk reduction are concerns, says Isda chair Stephen O’Connor
Malaysia regulators unveil new rules for derivatives
New rules for derivatives
IMF modelling work on liquidity risk points to capital hike, says Jobst
Recent analysis by the International Monetary Fund indicates that banks in the US need to raise capital to cover systemic liquidity risk threats
Solvency II modelling could cause systemic risk, industry warns
Industry experts warn uniform modelling under Solvency II could lead to risk contagion
Bank of England's FPC seeks to unlock Basel III tool-kit
Systemic risk committee at the Bank of England calls for power to use tools - such as liquidity and leverage ratios, and margin standards - to influence systemic risk
Banks fear Fatca raises operational and systemic risks
Facing up to Fatca
Fatca could lead to systemic and reputational risk, says BBA
The BBA has submitted a letter to the US Treasury and IRS raising concerns that Fatca could cause systemic and reputational risk
LTCM had ‘too much risk to be sustainable’ says Myron Scholes
Collapse of Long Term Capital Management was due to excessive leverage and shows perils of over-reliance on classical portfolio theory
Marking systemic portfolio risk with the Merton model
Marking systemic portfolio risk with the Merton model
Hedge funds not systemically risky, but UK regulator issues caveats
UK FSA's Hedge Fund survey and Hedge Fund as Counterparty survey find systemic risk low, but it does offer limited warnings
Lamb discusses CME Clearing Europe's goals
A clear goal
Video: Reliance Capital's Lav Chaturvedi on risk management in India and the dangers of reg arb
Lav Chaturvedi, chief risk officer at Reliance Capital, speaks about the challenges facing the derivatives industry in India, including the introduction of a credit default swaps market, and the dangers of regulatory arbitrage in the current regulatory…
BoE’s Haldane highlights increasing risks from high-frequency trading
Bank of England executive director of financial stability Andrew Haldane outlines policy measures to reduce systemic threat posed by high-frequency trading
Central clearing: safe as houses?
New regulations mandating the central clearing of OTC derivatives bring operational risks for central counterparties and increased exposure to systemic risk. In the second of a two-part series, ORR looks at the problems and opportunities for clearing…
Marking systemic portfolio risk with the Merton model
Marking systemic portfolio risk with the Merton model