Independent price source reviews – post Bloomberg/SEC settlement.
Documentation review – a check on “fall-back” provisioning with USD. LIBOR cessation on the horizon end June 2023.
Russian sanctions – a blocked shareholder vote, and replacement bonds.
BIS Quarterly Review – two stories that caught our attention.
Taxing times ahead (again!) – we return to a common theme of previous Horizons in 2022.
In this month’s SKADI Spotlight, we look at Back-to-Back bookings from an ops perspective.
The fallout from the gilt sell-off continues. We look at how manual processes can cause bottlenecks within financial institutions.
Year-end marking. How will private markets be marked to reflect the public markets sell-off.
In this month’s SKADI Spotlight – Uridashi Bonds. In a new explainer feature, we look at Japanese Uridashi bonds.
In this month’s edition… NY Supreme Court case regarding amendment of the “no–action” clause in bond documentation… a look at interest rate hedging… threat of uptick in fraudster “low taxation schemes”.
Heightened operational risk if GBPUSD cross rate goes through parity.
What lies beneath? Liquidity mismatch could increase unlisted fund holdings as a percentage of total assets. Hidden pockets of leverage. Duration mismatch risk.
Compensation Cap and Culture: does the removal raise the prospect of a return to bad banker behaviour.
Resumption of secondary-market trading in Russian sovereign and corporates bonds brings operational risks.
Recent developments and requirements for firms and individuals to apply to the FRC register to be able to conduct Audits in the UK.
August’s ‘Spotlight’ feature, “Lessons from the last crisis” looks at valuation mechanisms underlying collateral agreements, and whether they may be fit for purpose.
