While it all began many years ago with Credit Valuation Adjustment (CVA), a number of new XVAs have risen to prominence in the last few years such as DVA, FVA, MVA, KVA.

This is the fourth of my series of over-the-counter (OTC) derivative primers. The first three covered the instruments, risk management and clearing. This post covers central clearing and central counterparty risk management issues.

I’ve written about the public FCM data in America a couple times before, most recently back in October 2015 here.

For anyone involved in preparing for the bilateral margin regulations in September 2016 and March 2017 the post below and background are important.

Liquidity Risk has shot into prominence since the subprime crisis because of the issues banks had with determining their ability to obtain funding and the tradability of their assets in a turbulent market.

Risk Focus were proud to field a few players at yesterday’s innings at the Kia Oval. Fortunately for yours truly as a Scotsman who is baffled by the sport (and assumes you need a Masters degree in Mathematics just to follow the score!), cricket was not on the agenda. 

Below is the press release for my most recent paper examining changes in the global FX market.

In December 2015 the European Securities and Markets Authority (ESMA) issued a Consultation Draft of Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) to help bring “more transparency to shadow banking activities”, with a focus on Securities Finance Transaction Reporting (SFTR).