Splitting the FSA
By 2013 two new bodies will be born, a Financial Conduct Authority (FCA) and a Prudential Regulatory Authority (PRA). The so-called “twin peak” model has been designed with rigorous financial conduct supervision in mind, and it is unlikely that they are going to be a light touch regulators.
Building a CVA Infrastructure
This is the fifth in Risk in the Market’s series on CVA, in which we will look at the data requirements of a CVA solution.
Basel III leverage ratio causes concern
The Basel III leverage ratio is emerging as a critical issue, said Richard Barfield, a director at consultancy firm PwC.
Mr Barfield’s comments came after the Basel Committee reported data indicating major international banks would have fallen significantly short of Basel III capital rules if they had been in effect last year.
The Strategies of CVA (Credit Value Adjustment)
This is the fourth post in our series on CVA, which will explore the different CVA strategies available to banks.
Mixed reactions to risk regulations
Two significant regulatory moves to tackle risk were made on both sides of the Atlantic during the last week of March, which generated very different responses from the industry.
The Drivers of CVA
This is the 3rd in our series of posts on CVA. The Drivers of Credit Value Adjustment (CVA) In our previous posts, we looked at CVA as a concept and how it is calculated by banks. But what is it that has forced the banks to make these calculations – what are the drivers of CVA? [...]
Kondor+ Pricing: T1 T2 T3
As mentioned in our last post in the innovation series, our examination into Kondor+ pricing has led to an architectural vision we call T1 T2 T3, the first step of which is in development. The name T1 T2 T3 comes from a lazy enunciation of a mathematical equation:
The CVA concept
This is the second in a series of posts looking at Credit Value Adjustment (CVA) and its role in today’s risk infrastructure. In this post, we focus on the concept of CVA.
Emotions run high over HFT
Despite growing in volumes, high frequency trading (HFT) faces strong opposition from some sectors of the financial markets, regulators and politicians. Regulators in the US and Europe have HFT in their sights, concerned about the threat the strategy could pose to market stability. HFT is a strategy within algorithmic trading, whereby a large number of [...]
