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Banking, Insurance and Financial Services Blogs

Meirc’s blogs are meant to be fat-free write-ups on topics which are of interest to our clients and web-site visitors. These blogs are useful when you wish to get an update on a field you follow or when you are looking for a bite-sized article that you would like to refer to or learn from. If you wish to enquire about our products and services, please visit our Contact Us page

Addressing Tail Risk within FRTB

  Apr 24 2019

# Banking, Insurance and Financial Services

In this paper I want to examine some pivotal concepts that are provided in the risk calculation methodology within the FRTB documentation provided by the Basel Committee on Banking Supervision (BCBS). One of the major purposes in bringing forward the FRTB requirements was for the BCBS to address tail risk in financial markets, a key omission in the Basel II framework. In order to get a bette...;

CASE STUDY: GREEK SOVEREIGN BOND DEFAULT

  Nov 29 2018

# Banking, Insurance and Financial Services

In March 2012, Greece (the Hellenic Republic) was declared to be in default on its sovereign bonds by the International Swaps and Derivatives Association (ISDA) as a result of the invocation of Contingency Action Clauses (CAC’s). The following are the highlights from the ISDA press release announcing the default. LONDON, March 9, 2012 – The International Swaps and Deri...;