Regulatory Capital / IMM

The ECB recently published its assessment methodology for banks using the internal model method (IMM) for calculating counterparty credit risk and credit valuation adjustment risk.  Given the very large differences IMM has on regulatory capital versus standard methods this is a useful guide for those looking to adopt IMM but also those already using it Read more about Regulatory Capital / IMM[…]

Forth Bridge (@estebanelblanco)

Know Your Master Agreements – be prepared for the next crisis

The frameworks of standard documentation for OTC Derivatives, Securities Lending and Repurchase Agreements have been tested by a succession of financial crises since they were widely adopted in the 1990’s. The Asian currency crisis, the Russian debt default, the Global financial crisis and the European sovereign debt crisis have all forced financial services firms back Read more about Know Your Master Agreements – be prepared for the next crisis[…]

Is your contract analysis tool just a new version of an expensive spreadsheet?

Way back in 2013 I wrote an article in FX-MM magazine (no longer operating) about the ‘false economy of the million dollar spreadsheet’.  The article was inspired by the panic that happened across the financial markets in the wake of the financial crisis.  Banks poured lots of resources (and expensive legal review) into pulling out information from Read more about Is your contract analysis tool just a new version of an expensive spreadsheet?[…]