The governing agreements for a wide range of transactions, from the most basic financing arrangements to the most complex derivatives trading relationships, frequently include a “cross-default” event ...

International Accounting Standards Board (IASB) rules that require financial instruments to be accounted for at fair value, known as IAS 39, could have a detrimental effect on sales of complex ...

UBS (NYSE:UBS) orders its bankers to scale back the sale of complex currency derivatives after clients suffered heavy losses linked to the market turmoil following U.S. President Donald Trump's ...

With the 2021 sunset of LIBOR looming on the horizon, the clock is ticking for banks and derivatives market participants to prepare for the transition to risk-free rates (RFRs). Most of the discussion ...

Derivatives structurers are having a day in the sun. Higher interest rates are helping these alchemists of Wall Street to put together profitable trades across asset classes that can be pitched to ...

A derivative is a financial instrument that gains value from the performance or price of an underlying asset, such as stocks, bonds, commodities, currencies, and indices. It is set between two or more ...