WOE is XVA?

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WOE is XVA? 

If you’re wondering what the title means, it stands for “What on Earth is X Valuation Adjustments”?  This month Colin Sharpe from NAB presented to the technical committee on the rapidly changing world of derivative valuations and pricing.  The reason for the “X” in XVA, is because there are now so many valuation adjustments for uncollateralised derivative transactions, that the acronym simply has an X as a placeholder for the numerous adjustments that are now applied by banks when pricing derivatives.

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Brexit – what next?

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The United Kingdom has voted to leave the European Union. There are significant consequences for many businesses and, while the departure process will take several years, businesses will be constantly refining their plans to identify the risks and opportunities that the UK’s exit may bring.

This Brexit Site has been created to help people navigate and understand what Brexit means for their business. The site includes an overview of:

  • some of the models that the UK might adopt following a Brexit;
  • a timeline of how events have unfolded and may continue to unfold;
  • Q&As on legal and commercial issues specific to different industry sectors; and
  • Q&As on legal and commercial issues applicable to all businesses.