WatersTechnology.com
IHS Markit soft launches more Risk Bureau capabilities ahead of Libor transition
The newly-acquired data giant targets the sell side with a suite of new risk-based applications meant to help banks with the transition from Libor, which is expected for the end of this year. Print this page
IHS Markit is building out its Risk Bureau offering into a suite of applications aimed at helping the sell side manage processes such as forecasting, XVA calculations, and derivatives risk, ahead of the transition from the Libor benchmark at the end of 2021.
Last spring, the data giant released its first Risk Bureau offering, a derivatives risk modeling service, aimed at helping buy-side firms calculate and model such risk using alternative data, machine learning, and cloud computing. The tool
Deposits boosted top US banks’ short-term funds in 2020 Print this page
Deposits made up a larger portion of the eight US global systemically important banks’ (G-Sibs) short-term wholesale funding (STWF) at end-2020 then the year prior, reflecting an influx of cash from financial and non-financial clients in the wake of the coronavirus crisis.
As of Q4 2020, the G-Sibs reported an aggregate $5.69 trillion of STWF, up 7% on Q4 2019. However, borrowings classified as ‘retail brokered deposits and sweeps’ surged 29% over this period, to $800 billion. These now
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Risk.net
Eurodollar futures will die with Libor but there is no obvious ready-made replacement Print this page
The imminent demise of the Libor benchmark is threatening to redraw the competitive landscape of the US dollar rates trading business along new boundaries.
The Chicago Mercantile Exchange, the dominant force in listed derivatives, will soon see the end of its all-conquering Eurodollar futures contract. The product is estimated to have accounted for around 8% – or roughly $380 million – of CME’s total revenues in 2020.
Eurodollar futures are benchmarked to three-month US dollar Libor, which
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Victor Anderson chats to Equinix's Bill Ruvo about the firm's capital markets value proposition and the challenges it is helping to solve for its clients.