This white paper looks at recent events affecting Australia’s banking sector. These include the legal risks associated with debt issuance programmes should a European Union member exit the Union, plus reforms to the Privacy Act 1988 in relation to banking and swap developments. VIEW SUMMARY

Margin lending has given individuals and corporate borrowers the opportunity to finance investments with the use of asset backed portfolios. This white paper analyses the structure of margin lending and its various risks. VIEW SUMMARY

This white paper reviews Law 282-FZ that was recently passed by the Russian State Duma. It introduces important amendments to key laws on the securities market, joint stock companies, banks and banking activity. VIEW SUMMARY

The infrastructure finance market transitioning. As the bank market for long-term finance continues to contract, market players are waiting to see how the new models develop. Under contention includes the mix of bond and bank finance, if projects are greenfield developments or debt refinancings. VIEW SUMMARY

This white paper discusses the current state of European small-cap, mid-cap and SMID-cap indexing. It looks at how tracking errors can be reduced and correlations increased using a different choice of index. VIEW SUMMARY

It is well known that the capital structure arbitrage strategy generated negative Sharpe ratios between 2005-2009. This white paper introduces four new alternative strategies that exploit the information provided by the time-varying price discovery of the equity and credit default swap markets. VIEW SUMMARY

The EDHEC-Risk North American Index Survey 2011 analyses the current uses of and opinions on stock, bond and equity volatility indices. The survey elicited responses from 139 North American investment professionals. VIEW SUMMARY

This research was produced as part of "The Benefits of Volatility Derivatives in Equity Portfolio Management" strategic research project at EDHEC-Risk Institute, in partnership with Eurex. VIEW SUMMARY

This research was produced as part of the "Core-Satellite and ETF Investment" research chair at EDHEC-Risk Institute, in partnership with Amundi ETF. VIEW SUMMARY

Local volatility was, for a long time, seen as being a universal panacea. However, cracks appeared and we have been forced to look elsewhere for a new framework. Philippe Henrotte, co-founder, partner and head of financial theory and research at Ito33, explores the alternatives. VIEW SUMMARY