Asian values – Aaron Woolner column

Asian values

aaron-woolner

At first glance trade finance, liquidity risk management and credit valuation adjustment (CVA) appear to have little in common but all three are unhappy members of a group of measures in the latest version of the Basel accord which don’t fit the Asian banking landscape. The many moving parts of CVA make it a complex beast but the short explanation of the issue is that with non-existent, or deeply illiquid, credit default swap markets, it is either impossible or pointless to hedge out the credit

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: