Risk.net
@risk.net
Risk.net delivers expert analysis on risk management, markets, regulation, investing and more. We cover the issues others overlook – providing subscribers with the information they need to make accurate business decisions.
Pinned
Market doesn’t share FSB concerns over basis trade - Risk.net
Industry warns tougher haircut regulation could restrict market capacity as debt issuance rises
www.risk.net
“We are well off the highs we have seen in recent years in terms of gross exposure or leverage in the trade” – head of derivatives, large US bank
www.risk.net/risk-managem...
www.risk.net/risk-managem...
One insurer saw ransomware attacks accounting for 16% of notifications, yet comprised 75% of payouts
www.risk.net/risk-managem...
www.risk.net/risk-managem...
Cyber insurance premiums dropped unexpectedly in 2025 - Risk.net
Competition among carriers drives down premiums, despite increasing frequency and severity of attacks
www.risk.net
February 13, 2026 at 11:40 AM
One insurer saw ransomware attacks accounting for 16% of notifications, yet comprised 75% of payouts
www.risk.net/risk-managem...
www.risk.net/risk-managem...
Cross-border bank credit to Asia-Pacific EMDEs fell by $45.5 billion in Q3 2025 – the largest quarterly decline in two years
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
February 13, 2026 at 10:09 AM
Cross-border bank credit to Asia-Pacific EMDEs fell by $45.5 billion in Q3 2025 – the largest quarterly decline in two years
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
Esma aims to clarify firms' reporting obligation under the active accounts rule by publishing a supervisory briefing and Q&A www.risk.net/markets/7963...
Esma to issue guidance on active account reporting - Risk.net
Briefing and Q&A aims to clarify how firms should report data ahead of RTS adoption
www.risk.net
February 12, 2026 at 4:55 PM
Esma aims to clarify firms' reporting obligation under the active accounts rule by publishing a supervisory briefing and Q&A www.risk.net/markets/7963...
Market participants warn mandatory clearing for gilt repo could deliver fewer netting benefits in the UK than in the US www.risk.net/markets/7963...
Market warns BoE against blanket mandatory gilt repo clearing - Risk.net
Official says proposals receiving push-back on one-size-fits-all approach and limited netting benefits
www.risk.net
February 12, 2026 at 4:54 PM
Market participants warn mandatory clearing for gilt repo could deliver fewer netting benefits in the UK than in the US www.risk.net/markets/7963...
Risk January: All the best articles from the past month now available on the app or here: www.risk.net/risk-magazin...
February 12, 2026 at 3:46 PM
Risk January: All the best articles from the past month now available on the app or here: www.risk.net/risk-magazin...
Latest op risk loss commentary: Kaiser Permanente to pay $557m over allegations of defrauding US Medicare system; LTV K-plot sees four banks fined – data from ORX News
www.risk.net/comment/7963...
www.risk.net/comment/7963...
Op risk data: Kaiser will helm half-billion-dollar payout for faking illness - Risk.net
Also: Loan collusion clobbers South Korean banks; AML fails at Saxo Bank and Santander. Data by ORX News
www.risk.net
February 12, 2026 at 11:42 AM
Latest op risk loss commentary: Kaiser Permanente to pay $557m over allegations of defrauding US Medicare system; LTV K-plot sees four banks fined – data from ORX News
www.risk.net/comment/7963...
www.risk.net/comment/7963...
Swiss fund seeks to build an agentic multi-strat www.risk.net/investing/79...
Ram AI’s quest to build an agentic multi-strat - Risk.net
The Swiss fund already runs an artificial intelligence model factory and a team of agentic credit analysts
www.risk.net
February 12, 2026 at 10:55 AM
Swiss fund seeks to build an agentic multi-strat www.risk.net/investing/79...
February 12, 2026 at 10:26 AM
Dealers believe FX SpotStream’s entry into the US Treasury market could be a game-changer www.risk.net/markets/7963...
Banks eye cost cuts ahead of RatesStream Treasuries push - Risk.net
FX SpotStream’s move into rates seen as both fee-saver and potential boost to streaming execution
www.risk.net
February 11, 2026 at 5:03 PM
Dealers believe FX SpotStream’s entry into the US Treasury market could be a game-changer www.risk.net/markets/7963...
Equity dispersion is cementing its position as the relative value strategy of choice in an increasingly volatile market www.risk.net/markets/7963...
Real money investors cash in as dispersion nears record levels - Risk.net
Implied spreads were elevated to start 2026. Realised levels have been “almost unprecedented”
www.risk.net
February 11, 2026 at 4:51 PM
Equity dispersion is cementing its position as the relative value strategy of choice in an increasingly volatile market www.risk.net/markets/7963...
2026’s DFAST is set to be more gentle than 2025’s, but with frozen SCBs banks are unlikely to see many benefits
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
February 11, 2026 at 10:17 AM
2026’s DFAST is set to be more gentle than 2025’s, but with frozen SCBs banks are unlikely to see many benefits
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
Revisions to China's proposed rules on derivatives provide greater flexibility for cross-border trading www.risk.net/markets/7963...
China eases cross-border grip in new derivatives rules - Risk.net
Lawyers hail return to a “more orthodox territorial approach” to regulating the market
www.risk.net
February 10, 2026 at 12:14 PM
Revisions to China's proposed rules on derivatives provide greater flexibility for cross-border trading www.risk.net/markets/7963...
Huntington Bancshares held $15.2 billion of CRE loans at the end of 2025
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
February 10, 2026 at 10:18 AM
Huntington Bancshares held $15.2 billion of CRE loans at the end of 2025
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
“This is really enabling real-time FX capabilities of traditional fiat and we’re using blockchain as the rail to do that” – Emma Landriault, executive director of JPM Coin product for Kinexys Digital Payments www.risk.net/markets/7963...
JP Morgan gives corporates an FX blockchain boost - Risk.net
Kinexys digital platform speeds cross-currency, cross-entity client payments
www.risk.net
February 10, 2026 at 10:12 AM
“This is really enabling real-time FX capabilities of traditional fiat and we’re using blockchain as the rail to do that” – Emma Landriault, executive director of JPM Coin product for Kinexys Digital Payments www.risk.net/markets/7963...
Sponsored content
J.P. Morgan specialists across private markets, financing and data explain how structural and data-driven innovations are reshaping transparency and access to liquidity.
www.risk.net/investing/79...
J.P. Morgan specialists across private markets, financing and data explain how structural and data-driven innovations are reshaping transparency and access to liquidity.
www.risk.net/investing/79...
Liquidity in private markets: the structural and data challenge - Risk.net
How structural and data-driven innovations are converging to address the liquidity challenge in private markets
www.risk.net
February 9, 2026 at 4:55 PM
Sponsored content
J.P. Morgan specialists across private markets, financing and data explain how structural and data-driven innovations are reshaping transparency and access to liquidity.
www.risk.net/investing/79...
J.P. Morgan specialists across private markets, financing and data explain how structural and data-driven innovations are reshaping transparency and access to liquidity.
www.risk.net/investing/79...
Analysts say Donald Trump’s proposal for Fannie Mae and Freddie Mac to buy up to $200 billion of MBSs is unlikely to move the US rates market materially www.risk.net/our-take/796...
Fannie, Freddie mortgage buying unlikely to drive rates - Risk.net
Adding $200 billion of MBSs in a $9 trillion market won’t revive old hedging footprint
www.risk.net
February 9, 2026 at 12:50 PM
Analysts say Donald Trump’s proposal for Fannie Mae and Freddie Mac to buy up to $200 billion of MBSs is unlikely to move the US rates market materially www.risk.net/our-take/796...
“We are well off the highs we have seen in recent years in terms of gross exposure or leverage in the trade” – head of derivatives, large US bank
www.risk.net/risk-managem...
www.risk.net/risk-managem...
Market doesn’t share FSB concerns over basis trade - Risk.net
Industry warns tougher haircut regulation could restrict market capacity as debt issuance rises
www.risk.net
February 9, 2026 at 11:30 AM
“We are well off the highs we have seen in recent years in terms of gross exposure or leverage in the trade” – head of derivatives, large US bank
www.risk.net/risk-managem...
www.risk.net/risk-managem...
Blockchain tech offers slicker and cheaper ops for illiquid assets, says digital expert www.risk.net/comment/7963...
Beyond the hype, tokenisation can fix the pipework - Risk.net
Blockchain tech offers slicker and cheaper ops for illiquid assets, explains digital expert
www.risk.net
February 9, 2026 at 10:43 AM
Blockchain tech offers slicker and cheaper ops for illiquid assets, says digital expert www.risk.net/comment/7963...
February 9, 2026 at 10:03 AM
Sponsored content
J.P. Morgan’s PricingDirect introduces a trading desk-informed autocallable model, bringing new transparency to derivatives valuation and helping firms align pricing with real-market dynamics. www.risk.net/insight/risk...
J.P. Morgan’s PricingDirect introduces a trading desk-informed autocallable model, bringing new transparency to derivatives valuation and helping firms align pricing with real-market dynamics. www.risk.net/insight/risk...
Bringing trading-desk data into derivatives pricing models - Risk.net
PricingDirect’s new autocallable model, which reflects the shift towards data-driven transparency as firms rethink how they value complex derivatives
www.risk.net
February 6, 2026 at 12:30 PM
Sponsored content
J.P. Morgan’s PricingDirect introduces a trading desk-informed autocallable model, bringing new transparency to derivatives valuation and helping firms align pricing with real-market dynamics. www.risk.net/insight/risk...
J.P. Morgan’s PricingDirect introduces a trading desk-informed autocallable model, bringing new transparency to derivatives valuation and helping firms align pricing with real-market dynamics. www.risk.net/insight/risk...
Hong Kong currently lacks infrastructure for clearing government bond repos, say industry sources
www.risk.net/risk-managem...
www.risk.net/risk-managem...
CGB repo clearing is coming to Hong Kong … but not yet - Risk.net
Market wants at least five years to build infrastructure before regulators consider mandate
www.risk.net
February 6, 2026 at 12:08 PM
Hong Kong currently lacks infrastructure for clearing government bond repos, say industry sources
www.risk.net/risk-managem...
www.risk.net/risk-managem...
Who won out in Cutting Edge’s ongoing annual battle for the title of ‘Top cited author in Risk’? www.risk.net/our-take/796...
Degree of Influence 2025: Derivatives pricing dominates; quants don’t follow the AI herd - Risk.net
Rates and volatility modelling, as well as trade execution, top quants’ priorities
www.risk.net
February 6, 2026 at 10:19 AM
Who won out in Cutting Edge’s ongoing annual battle for the title of ‘Top cited author in Risk’? www.risk.net/our-take/796...
Wells Fargo set a new balance sheet record for the second consecutive quarter in Q4 2025, with total assets rising $85.7 billion to $2.15 trillion
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
February 6, 2026 at 9:59 AM
Wells Fargo set a new balance sheet record for the second consecutive quarter in Q4 2025, with total assets rising $85.7 billion to $2.15 trillion
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
Smaller US banks upped their FHLB borrowings in Q4 2025, after the Fed told examiners not to discourage use of the facility
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
February 5, 2026 at 10:52 AM
Smaller US banks upped their FHLB borrowings in Q4 2025, after the Fed told examiners not to discourage use of the facility
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
Market-makers and proprietary trading firms complain that CME has not given enough information about its move to Google Cloud, leaving them confused about timing and logistics www.risk.net/markets/7963...
Market-makers seek answers about CME’s cloud move - Risk.net
Silence on data centre changes fuels speculation over how new matching engine will handle orders
www.risk.net
February 5, 2026 at 10:43 AM
Market-makers and proprietary trading firms complain that CME has not given enough information about its move to Google Cloud, leaving them confused about timing and logistics www.risk.net/markets/7963...