Extended Viewer

László Arany

László Arany

Senior Associate, Risk Management and Liquidity Core Research

László is a member of the MSCI research team that focuses on liquidity risk management. He previously worked as an engineering consultant at Atkins, where he specialized in mathematical modeling and simulation. László holds a doctorate in applied mathematics from the University of Bristol.

Research and Insights

Articles by László Arany

    Sanctions Bring a New Form of Russian-Bond CDS Risk

    5 mins read Blog | Apr 26, 2022 | Gabor Almasi , László Arany

    Sanctions on Russia have not affected credit-default swaps directly, but the settlement process following a default would rely on delivering and auctioning the sanctioned bonds. We examine this new form of recovery risk.

    Bond Liquidity: How Bad Was COVID?

    5 mins read Blog | Sep 16, 2020 | László Arany , Lã¡szlã³ Arany

    Was bond liquidity worse during the COVID-19 outbreak or the 2008 global financial crisis? We analyzed transaction costs from the forced selling of USD 10 million of U.S. corporate bonds, throughout the two crises.

    Should bank-loan investors worry about liquidity risk?

    Blog | Sep 24, 2019 | László Arany , Lã¡szlã³ Arany

    Have bank loans posed more liquidity risk than corporate bonds when the market was stressed? We compared various liquidity metrics for bank loans and high-yield bonds during the December 2018 high-yield sell-off to find the answer.