Resources featuring Chris-Smith Hill

How OTC data gaps are hiding massive risks and blocking fiduciary duties

Active Fixed Income Managers use a range of instruments to hedge or express views, from exchange-traded derivatives to Over-the-Counter (OTC) contracts. Each OTC is governed by detailed terms and conditions (T&Cs) that define its risks and payoff structure. These T&Cs are essential inputs for internal risk models yet are rarely included in downstream holdings data. Without them, independent, bottom-up portfolio analysis becomes impossible for investors, consultants, FinTechs, and even regulators – and history has shown us how dangerous that opacity can be.