I joined IFR as reporter from Risk magazine at the beginning of 2011, covering derivatives across all asset classes. This has resulted in scoops on a wide range of subjects such as CDS, Basel capital rules and fallout from the Eurozone crisis. In my two and a half years at Risk I wrote a series of cover stories, most notably on dealers over-hauling valuation of derivatives portfolios.
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As financial lawyers scramble to assess the impact on financial markets of the latest round of international sanctions against Russia, two unlikely bedfellows have been earmarked by the US Treasury as safe for the time being.
How to protect the hundreds of billions of euros worth of collateral that will be tied up in central counterparties has become a major focus for market participants ahead of mandatory derivatives clearing in Europe going online around year-end.
Efforts from central counterparties to expand the range of rates products they clear are stalling amid growing industry concern that it could be dangerous to shoehorn more exotic derivatives into clearing houses.