As ailing US corporates have struggled to service post-crisis loans, the prevalence of cov-lite lending has helped let creditors carve up distressed debt and sometimes cut other lenders out of the ...

Standard Chartered’s market risk-weighted assets (RWAs) rose by 11.5% in the third quarter, reaching $30.6 billion – the bank’s highest level since at least 2016. The latest figure marked a 20.8% ...

Oomen and Muhle-Karbe compared Refinitiv’s WM/R with two other less-established benchmarks: Bloomberg’s BFIX, which is also calculated over a five-minute fixing window; and Siren, with a 20-minute ...

The study of so-called market impact – how an investor’s trades move market prices – is a field Neil Chriss knows well. He ...

In the game of contract bridge, partners are permitted to pass signals to each other through coded card play. On financial exchanges, such behaviour could amount to market abuse, which is forbidden.

In the scramble to approve the US version of the Basel III prudential standards for banks, Federal Deposit Insurance Corporation director Jon McKernan could turn out to be a swing vote. So it’s ...

As the counting unfolds in the presidential election, it’s not just US-headquartered banks that are wondering about the fate ...

When it comes to clearing US Treasuries and repo, the Fixed Income Clearing Corporation has an obvious huge head start. One potential rival has already claimed they don’t expect to make significant ...

The National Futures Association has approved CME Group’s long-desired request to have its own futures commission merchant (FCM), the firm has announced. The new entity does not appear in the most ...

Hedge funds that bought foreign exchange options in a bet on increased volatility around the US presidential election have largely unwound their positions, sending vol levels sliding across several ...

Valley National Bank reported $120.3 million in past-due commercial real estate (CRE) loans in the third quarter, up from just $6.1 million three months earlier and the highest amount since at least ...

Shanghai Clearing House is facing calls to accept bonds as margin for foreign exchange trades, as dealers reel from high clearing costs exacerbated by paltry interest payments on cash collateral.