Research hub
Liquidity risk thinking that evolves with the market
Most commentary repeats what happened last quarter. We publish frameworks, stress-test designs, and implementation notes that help risk professionals build better models before the next regime shift.
Join newsletterLatest developments in liquidity risk
Research updates, regulatory shifts, and practical notes from our ongoing work with practitioners and institutions.
Regulation
Regulators sharpen focus on intra-day liquidity metrics
New supervisory guidance asks firms to measure liquidity risk at horizons shorter than one day. We break down what that means for existing risk engines and where the gaps are.
Market structure
Dealer balance sheet constraints reshape market depth
Post-stress data shows that dealer capacity to intermediate has not recovered symmetrically across asset classes. We model the implications for portfolio construction.
Product update
Our adaptive engine now supports three new asset classes
Fixed income derivatives, emerging market sovereigns, and commodity futures are now covered by the modular liquidity-adjustment framework released last year.
Methodology
A practitioner's guide to correlation breakdown in stress
When liquidity evaporates, correlations converge toward one. We show how to build scenarios that capture this dynamic without overfitting to historical episodes.
White papers and deep reads
Our featured research explores the mechanics that standard textbooks skip. Central bank
policy transmission through dealer balance sheets, the microstructure of ETF liquidity
during stress, the behavior of stablecoins under redemption pressure, and the early
warning indicators that preceded recent emerging market dislocations. Each paper
includes implementation notes and data requirements so you can replicate or adapt the
approach.
Practical implementation notes
Actionable guidance for risk teams building or refining liquidity-adjusted frameworks, drawn from real deployments and common failure patterns.
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