The Efficiency of Counterparty Netting in OTC Derivatives: How Clearing Solves the Uncleared Margin Puzzle
This white paper considers the margin efficiencies generated by counterparty netting within clearing and by using interest rate swaptions as a worked example, quantifies those margin efficiencies.
The IFF China Report 2016: Insight and opinion from China’s top leaders, policy-makers and financiers
This report, drafted by the International Finance Forum and published in association with Central Banking, provides readers with a unique insight into the inner workings of China's economic development and financial reform.
This white paper explores how to develop a framework that addresses the probability-weighted aspects of IFRS 9 and answers questions about the practical use of alternative scenarios.
This white paper discusses the new standards that have been set forth by the FASB and explores how banks should align with the new CECL impairment standards.
Commodity markets can be volatile, so end users routinely hedge the risk that prices will move against them and potentially eliminate some or all of their profit margin.At the same time, speculators with the expertise to spot trends are often willing to take on the risks that hedgers …
This white paper will cover all fundamental aspects concerning the management of collateral, the associated risks and opportunities, as well as the key topics involved in establishing and running a collateral management function.
This white paper assesses the risk associated with a GLWB rider for FIAs and analyses how different modelling choices can affect these risks. In Particular, the impacts of improving the estimate of future caps will be explored.
This white paper breaks down the requirements, methodologies and formulas relating to the 'final' FRTB text. It further provides a more simplified understanding of the potential IT challenges and costs ahead.
This white paper provides analysis for major and emerging market currencies. The paper explores the future trends of the financial industry and discusses the recent outlook on commodity prices.
This white paper provides analysis for major and emerging market currencies. The paper explores the future trends of the financial industry and discusses the recent risk rally in equities and commodities.