Month: March 2021

Firm-specific risk-neutral distributions with options and CDS

Remarks on the occasion of the publication of “Love you”

Good morning and good evening.  It’s a pleasure to join you at this book launch, and to congratulate the publishers and of course the author, my good friend Girol Karacaoglu.  I’m particularly pleased to have been asked to say a few words on the background and context for the wellbeing work programme; it’s been a … Read more

Can AI bridge gap between big data and sustainable financing? -

Can AI bridge gap between big data and sustainable financing? –

All the benefits of Digital + Print plus subscriptions to: The Banker Database is a service of the Financial Times, providing comprehensive financial data and insight for 5000 of the world’s leading banks, in more than 160 countries.Visit The Banker Database + A specialist service from the Financial Times, Global Risk Regulator provides insightful reporting … Read more

Banking lessons from the 1918 Spanish flu outbreak -

Banking lessons from the 1918 Spanish flu outbreak –

All the benefits of Digital + Print plus subscriptions to: The Banker Database is a service of the Financial Times, providing comprehensive financial data and insight for 5000 of the world’s leading banks, in more than 160 countries.Visit The Banker Database + A specialist service from the Financial Times, Global Risk Regulator provides insightful reporting … Read more

Central banks are gradually warming to digital currencies

Central banks are gradually warming to digital currencies

&nbsp Author: Alex Katsomitros March 5, 2021 Last April, amid the COVID-induced panic that engulfed the planet, more shocking news came from China. The People’s Bank of China (PBOC) announced that it would start testing its own central bank digital currency (CBDC), a first for a major economy. Government employees in four cities were paid … Read more

Firm-specific risk-neutral distributions with options and CDS

Economic activity, prices and monetary policy in Japan

I. Recent Economic and Price Developments A. Economic Developments I will begin my speech by talking about overseas economies. The growth rates for the April-June quarter of 2020 were substantially negative in many countries due to measures such as lockdowns implemented in response to the spread of the novel coronavirus (COVID-19). However, those for the … Read more

Brexit and equivalence — the path to salvation for UK banks?

Brexit and equivalence — the path to salvation for UK banks?

It is often said that if the EU gave UK banks equivalence, life would be much easier for UK plc and its banking community. But that is not really true. There are more than 40 areas of potential equivalence. But they are very narrow, and sector and activity specific. So narrow and specific, in fact, … Read more

Barclays CEO Jes Staley

Out of office: the global shift towards remote working

Barclays CEO Jes Staley&nbsp Author: Laura French March 3, 2021 In the early 1970s, NASA engineer Jack Nilles proposed telecommuting as an alternative to centralised office working. His vision was to reduce traffic, air pollution and energy consumption in city centres by establishing satellite offices, spreading the workforce more evenly across the country and heralding … Read more

Firm-specific risk-neutral distributions with options and CDS

FX markets around the turn of the year

Introduction Today I will discuss some recent developments in the foreign exchange market, and provide some views on the role of the Reserve Bank’s various policy measures. I will also briefly discuss a modest change to the way the Bank will be using foreign exchange swaps to manage our foreign exchange needs. A novel development … Read more