Risk.net
Risk.net journalists and commentators focus on producing exclusive news and in-depth analysis on regulation, risk management and derivatives for practitioners and regulators in financial and energy industries. Our roots go back to the launch of Risk magazine in 1987 and now our content is available on our flagship site, www.risk.net, in our print titles comprising Risk, Asia Risk, Energy
Risk, Operational Risk, Structured Products, Insurance Risk, Hedge Funds Review and Custody Risk, and via apps. Our newsroom is split into five desks – three cover the core topics of risk management, derivatives and regulation, while the other two cover those topics for specific audience groups: asset managers and life insurers, and commodities market participants. Our journalists are based in Hong Kong, London and New York, ensuring global coverage. The risk management team writes about the measurement, modelling and management of risk – mostly at banks, but also at other types of financial firms such as asset managers and insurers. This includes articles on operational risk, legal risk, risk culture and governance, market risk, credit risk, liquidity risk, counterparty risk, valuation, risk transfer and risk management failures. The derivatives desk focuses primarily on over-the-counter (OTC) derivatives markets across the interest rate, credit, foreign exchange and structured products asset classes, but it also covers futures and cash as these relate to derivatives markets, for example as collateral or alternative hedging instruments. The core areas of interest include derivatives pricing, for example XVA valuation adjustments, collateral-based pricing and central counterparty (CCP) basis; dislocations and market moves; new derivatives structures to overcome regulatory and pricing burdens; legal issues such as International Swaps & Derivatives Association (Isda) documentation, court cases and netting laws; electronic trading, clearing and uncleared margin; and broader changes resulting from new regulations, for instance dwindling liquidity and the increasing electronification of fixed income. A key topic for the regulation team is prudential regulation, which includes Basel II, 2.5, III, the Fundamental review of the trading book (FRTB), Interest rate risk in the banking book (IRRBB), rules relating to global systemically important banks, clearing houses, insurers, reinsurers and asset managers, regulatory stress tests such as the Federal Reserve’s Comprehensive Capital Analysis and Review (CCAR), recovery and resolution rules for banks and market infrastructures, bank structure rules such as Volcker, Liikanen and ring-fencing in the UK. Our regulation journalists also cover macroprudential rules, designed mainly to enable central banks and supervisors avoid or manage asset bubbles, and regulation on specific products, platforms or markets – primarily the G20 derivatives reform agenda, which imposes clearing, ex*****on and reporting requirements on swaps and in some cases futures and includes European Market Infrastructure Regulation (Emir) and the Dodd-Frank Act, as well as their equivalents in other G20 jurisdictions. The commodities desk writes for firms active in the energy and commodities markets. Its risk management coverage focuses primarily on how firms manage market risk, i.e. how they hedge their exposure to commodity prices, but also includes credit risk and operational risk in the commodities sector. Coverage of derivatives encompasses any futures, options, swaps, OTC instruments or bespoke structured products that are tied to physical commodity prices, as well as environmental products such as carbon emissions credits. Lastly, the desk covers regulations on the trading of energy and commodity derivatives, produced mainly by financial regulators such as the US Commodity Futures Trading Commission (CFTC), the UK’s Financial Conduct Authority (FCA) and the European Securities and Markets Authority (Esma). The asset management team writes for the buy side, including asset managers, insurers, pension funds and hedge funds. Its risk management coverage focuses mainly, but not exclusively, on market risk. For insurers and pension funds, this includes topics such as interest rate risk and asset-liability management (ALM), and for asset managers and hedge funds – the modelling and management of investment risk. The desk also writes about changes in derivatives markets and how they affect the buy side, for example dislocations in pricing that reflect fundamental or structural changes. The team’s regulatory coverage encompasses Solvency II and how that affects insurance companies’ capital and risk management; the impact of Emir and the Markets in Financial Instruments Directive II (Mifid II) on the buy side; and other relevant rules on derivative and risk management. We also publish peer-reviewed technical papers on quantitative finance under the Cutting Edge brand, driving innovation in derivatives, risk management, investment strategies and energy markets. Submission guidelines are available here: http://www.risk.net/static/technical-papers-submission-guidelines
In addition, Incisive Media, our parent company, publishes books, research papers and journals on our core topics and produces conferences and webinars around the world.
