Risk Management — Publications

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Posts tagged Risk Management

Lessons from the Dash for Cash

FMCR’s Ian Tyler shares his thought on the dash for cash…

Trading, Regulation, Risk ManagementIan Tyler21 July 2021fmcr, Risk Management, Liquidity

ISDA Publishes its IBOR Replacement Fallbacks

ISDA has recently published its proposed IBOR transition to adjusted fallback risk-free rates (RFR’s) for the derivatives markets in the form of a new Supplement and a Protocol.

LIBOR, LIBOR Transition, Risk Management, RegulationPeter Manning6 November 2020LIBOR, LIBORTransition, Risk Management, ISDA, IBOR

IBOR Transition Update - ACT Conference

The Association of Corporate Treasurers held an International Treasury Week webinar during May. A session covered market progress on the transition away from IBOR and on to Risk Free Rates (‘RFR’s). Edwin Schooling Latter, Director of Markets and Wholesale Policy gave the Financial Conduct Authority’s update.

Regulation, Risk Management, TradingPeter Manning29 May 2020FMCRIBOR, LIBOR, Treasury, Corporate, Risk Management, Hedging, Interest Rates

A growing chasm between IBOR and its Replacement Rates

Recently, the gap between IBOR rates and the rates intended to replace them have widened. The new ‘Risk-Free Rates’ (RFRs) are, as the name suggests, (mostly) risk-free, whereas IBOR rates (by design) contain information about bank credit risk. In normal times, this spread is small, but in times of stress the gap between these two benchmarks widens.

FX, Trading, Risk ManagementMark Taylor9 April 2020FX, trading, Hedging, Risk Management

Are FX hedges transforming into "speculative" trades?

As the coronavirus piles mounting pressure on businesses with sharply diminished activity levels and falling revenues, many are finding the pandemic is also impacting their FX hedge portfolio.

Without action, companies will be effectively running speculative FX positions at a time of high market volatility.

FX, Trading, Risk ManagementMark Taylor8 April 2020FX, trading, Hedging, Risk Management