Author name: FinanceGeek

This final part of our internal risk transfer mini-series covers two remaining pieces: transfers that happen entirely within the trading […]

Where This Fits: Not a 4th or 5th VaR Method It’s worth being precise about this before anything else, because

Part B covered how internal risk transfer of credit and equity risk move from the banking book to the trading

Part A of this mini-series established the basics: an internal risk transfer is just an internal record of moving risk,

In the last article, we mapped the boundary between the trading book and the banking book — which instruments belong

In our first article, we saw that a porous boundary between the trading book and the banking book was one

Every bank that trades bonds, equities, currencies, commodities, or derivatives has to answer one uncomfortable question every single day: how