The Basel committee’s revised market-risk capital requirements contain a small surprise with potentially big implications. Cliff effects — steep changes in banks’ capital charge arising from minor variations in portfolios or market conditions — remain in the framework.

Is your portfolio ready for the transition to a low-carbon economy? Which companies, industries and sectors are positioned to benefit? Which ones entail greater risks?

Ride-sharing companies Lyft and Uber have similar business models but very different ownership structures. Why does this matter? 

Six months before the Woodford Equity Income Fund suspended withdrawals on June 3, the level of illiquid securities stood close to 80% of assets, and the fund had drifted away from its investment objective “to provide reasonable level of income together with capital growth.”

European securitization volume fell by 63% in the first quarter of 2019 from the previous quarter. This drop-off occurred as investors are adjusting to regulatory uncertainty over new EU guidelines on simple, transparent and standardized securitizations and not-yet-final technical standards.

The amount of ESG information disclosed by corporations is on the rise. However, investors still often lack a full understanding of potential financially relevant ESG risks. How can they gain a better sense of where their investments are most vulnerable to ESG-related disasters?

Commonly held perceptions, historically higher volatility and shorter, sharper bull-bear cycles relative to developed and other emerging markets have led many to believe that fundamental factor strategies may not work in the Chinese equity markets. Our research suggests this may be changing.