Risky Finance

Did EU banks really ‘slash’ exposure to the UK?
How an EBA data release became fake news
Should councils pay interest penalties on government loans?
The impact of UK Treasury rules
How big mutual funds use derivatives
Analysing the exposures of two Pimco and Blackrock bond funds

Europe’s negative yield explosion
Economics
Amounts of negative-yielding euro debt have surged to record levels in anticipation of further easing. But how effective is the ECB's strategy?

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The year that transformed Britain’s LOBO landscape
Municipal Finance
Gauging the significance of the LOBO redemption wave

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Risk Commentary

Seven things you didn’t know about the Goldman-Greece swap
15 years after it was signed, the Goldman-Greece swap continues to be a reputational problem for the bank. A longer feature that reviews a decade's wo...
Burning down the house
An analysis of 800 collateralised debt obligations rated by Standard & Poor's
Lost Lobos
This article was the first rigorous financial analysis of Lender Option Borrower Option (LOBO) loan contracts obtained from UK councils. The article l...
Autogeddon
Just over two years ago, I took a train from Berlin to Wolfsburg, to visit a senior executive at Volkswagen.

Book Reviews
The Book of Why Advances in Financial Machi...
Commentary
Sovereigns

Brazil’s refinancing ...
How Greece outperformed Apple

Europe’s negative yield...
Amounts of negative-yielding euro debt have surged...
The year that transformed...
Gauging the significance of the LOBO redemption wa...
The Sharpe Ratio Ratio
Smart Beta and Dumb Optim...
Portfolio optimisation has transformed investing i...