We have an editorial team of 40 based in London, New York and Hong Kong.
The team is made up of five desks, with each specialising on a specific area. Click on the tabs below to find out more.
This desk produces articles relating to the measurement, modelling and management of financial risks. Coverage encompasses banks, as well as other types of financial services firms, such as asset managers and insurers.
The risk management team covers issues such as operational risk, legal risk, risk culture and governance, market risk, credit risk, liquidity risk, counterparty risk, risk transfer, risk modelling, valuation and prudential regulation.
They produce content for risk management professionals, mostly at banks, but also at other types of financial services firms. This includes chief risk officers, heads of risk management and heads of operational risk, in addition to more junior risk management staff. However, traders, analysts, quants, third-party vendors, consultants and IT professionals are all likely to find value in some aspects of our coverage.
This desk provides in-depth coverage of the derivatives markets across the interest rate, credit, foreign exchange and structured products asset classes. The over-the-counter markets are their primary target, but they also cover futures and cash as they relate to the derivatives markets (for example as collateral or alternative hedging instruments).
While the ongoing upheaval of the regulatory framework governing the derivatives market is very important, the derivatives desk is focused on the practical impart the new rules have on the trading of derivatives. They don’t focus on the detail of the actual rules, as that is the responsibility of the regulation desk.
The audience for this desk includes derivatives traders, sales people, quants and structurers at the Tier 1-3 international dealers, national champion banks and non-bank market makers, derivatives traders at buy-side firms, corporate treasurers, and derivatives and market structure experts at regulators and central banks. Plus the firms that service these areas, including CCPs, exchanges, brokers, law firms, consultancies and tech vendors.
The regulation desk provides topical, in-depth news and analysis on the content and implications of regulation. They focus on rules affecting risk transfer and risk management for banks and buy-side firms.
The key topics they focus on are prudential regulation, macroprudential regulation and market regulation.
Prudential regulation refers to rules designed to ensure the safety and soundness of the banking industry (Basel, FRTB, IRRBB etc).
Macroprudential regulation refers to the looser frameworks that are designed to enable central banks and supervisors to avoid or manage asset bubbles.
Market regulation refers to the rules that affect specific products, platforms or markets. Primarily this means the G20 derivatives reform agenda that impose clearing, execution and reporting requirements on swaps, and in some cases futures (Emir and Dodd-Frank, but also their equivalents in other G20 jurisdictions).
This desk covers risk management, derivatives and regulation from the point of view of the buy-side. That includes asset managers, insurers, pension funds and hedge funds.
Risk management coverage focuses mainly – but not exclusively – on market risk. For insurers and pension funds this means paying special attention to interest rate risk and to how institutions manage and match their assets and liabilities. The team follows the work of asset managers and hedge funds to model, understand and manage investment risk on behalf of customers.
Derivatives coverage focuses on changes in market practice and how they affect the buy-side, dislocations in pricing that reflect fundamental or structural changes in the market, and broader changes in the industry that affect buy-side firms.
Regulatory coverage encompasses Solvency II and how that affects insurance company capital and risk management. The team also tracks the effects of Emir and Mifid II on the buy-side.