Following the fall of Lehman Brothers, conference-goers and industry associations had numerous discussions on counterparty risk and liquidity risk. But this summer the risk debates moved on to systemic risk.
Systemic risk, the process of looking at risk in the financial system, has in recent months become a hot topic in research papers and forum presentations. It has taken centre stage due to its emphasis on connections between market participants, and the concept is likely to underpin coming re
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails