Letter warns of cross-currency repo risks, but they didn’t feature in Archegos or LDI blow-ups
Trading opens for custom basket forwards, as LSEG shelves Turquoise and LCH tie-up
HSBC quant makes case for looking at collateral and funding rates in concert
A haircut model for equity baskets based on credit and equity indexes is introduced
Vendor’s SBSD registration may facilitate unique multi-seller platform for equity swap business
Could Cyprus have spotted the warning signs before handing FTX the keys to European customers?
Latest exit follows departure of senior figures in the capital marketplace business, where volumes have tanked
Initial margin, SA-CCR and Archegos fuel comeback of total return swap clearing, but scepticism remains
Recent senior hires including James Kibbe and James Reilly are among the departures
In this feature, Stuart Heath, director, equity product design at Eurex, discusses the development of total return futures (TRFs) as a beta replacement in the context of the final roll-out of uncleared margin rules (UMR), and explores with Amy Borgquist,…
Can custom basket forwards convince buy-side firms to ditch bilateral swaps?
Banks need more diverse funding sources, but new structures must be vetted carefully
Provider to enter race with Capitolis and Nearwater as it preps early 2023 launch for ABCP service
Arrangements would allow funds to exchange riskier assets like corporate bonds for cash or gilts
Fintech’s effort to revive off-balance-sheet funding runs into market and regulatory turbulence
Turquoise, LCH tie-up comes as equity swaps attract regulatory scrutiny in wake of Archegos
Asia Risk Awards 2022
Experts debate whether defaulted TRS positions should have become house exposures immediately
When a potential blow-up doesn’t show up, what use are VAR, SA-CCR and stress tests?
Entity-level reports were limited to supervisors, leaving counterparty banks in the dark
Three-quarters of phase six firms do not expect to exchange margin for at least six months
Isda AGM: Knot takes dim view of banks piling up leverage blind
Risk managers quizzed and confronted the firm, but lawsuits claim they were “systematically misled”
Ahead of shareholder vote, former execs point to gaps in key report – raising new questions about accountability