Articles by Duncan Wood
One-way collateral agreements with sovereign leave banks exposed
A call for collateral
Collateral could add billions to European debt figures
Swedish debt figures set to grow by Skr15 billion as country falls in line with EU guidelines on collateral reporting - Belgium resisting two-way CSA over possible debt impact
Nasdaq OMX to launch Nordic swap CCP
Stockholm-based service already has Swedish debt office on board. Launch planned for second half of 2011
Draft European clearing rules threaten Eurex business model
Analysts warn Council of the European Union proposals could hurt trading revenues at Eurex, as its owner, Deutsche Börse, pursues merger talks with NYSE Euronext
Langen report: clearing rules will only apply to new trades
European Parliament calls for existing derivatives trades to be excluded from clearing rules, but proposes wider exemptions for public-sector bodies
Central banks accused of collateral hypocrisy
Despite the funding risk it creates, central banks still refuse to sign two-way collateral agreements
Dealers face funding time-bomb from one-way CSAs
Five banks disclose $30 billion obligation from one-way collateral agreements - and dealers warn costs could soar as interest rates rise
One-way CSAs pile up funding risk for banks
A call for collateral
KfW now using two-way CSAs, dealers claim
Several sovereigns, supranationals and agencies are considering following Portugal’s lead and posting collateral to derivatives counterparties, say dealers
CFTC proposal sparks scrap over CCP membership
CFTC proposal sparks row over CCP membership
Risk managers search for eurozone defences
Danger zone
EFSF's Frankel: guarantees are "enough for the time being"
European leaders endorse EFSF model, as facility gears up for debut issuance of up to €5 billion
LCH.Clearnet poised to announce FX options venture
Clearer will extend coverage to third asset class in 2011, with support from 13 banks
IASB has change of heart on hedge accounting
Proposed new rules on hedge accounting - published by the IASB this morning - are intended to make life easier for corporate hedgers
MarkitServ updates novation process after two-month delay
Middleware provider MarkitServ now in line with industry standard - two months after initially planned and more than three months after rival Ice Link.
Banks look to securitisation of counterparty credit risk
Banks look to securitisation of counterparty credit risk
CCP turf war simmers as OTC regulations head to the European Parliament
CCP turf war simmers as OTC regs head to European Parliament
Middleware key to clearing success
The ware-rich project
Risk Middle East: Industry-wide stress tests to become part of life, says CBB
A new focus on tail risk is making stress testing a key tool for banks - and also for their regulators.
Risk Middle East: CROs face communication challenges
Senior risk managers seek more influence with business lines and top management
Risk Middle East: banks will go "back to basics," regulators warn
"You can't leave the monkeys in charge of the bananas," supervisor argues on opening day of conference.
European Parliament sets up future Basel III flashpoints
European Parliament sets up future Basel III flashpoints
Hong Kong hoping for LCR work-around, says HKMA’s Kemp
Liquidity coverage ratio as it stands will cause problems for Hong Kong banks, says head of banking policy at the Hong Kong Monetary Authority