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Financial Times
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Satyajit Das

  • Thursday, 3 July, 2025
    Markets InsightMarkets
    The trades that will shape a new financial crisis

    There are multiple vulnerabilities and faultlines that could be ruthlessly unpicked

    A trader puts his hand to his face while working on the floor of the New York Stock Exchange in 2007
  • Monday, 3 February, 2025
    Markets InsightContingent convertible bonds
    Why AT1s should be phased out

    As Credit Suisse collapse showed, these popular investments often do not work as intended and can magnify risks

    The Credit Suisse logo on a building in Bern, Switzerland, with the Swiss flag flying above
  • Friday, 9 August, 2024
    Markets InsightFund management
    The risks of pooled investments

    The interests of investors and asset managers are difficult to align

    A trader works on the floor of the New York Stock Exchange
  • Wednesday, 1 May, 2024
    Markets InsightCapital markets
    Rise in convertible bond issuance might only delay a credit reckoning

    The capital instruments introduce a range of risks that are frequently misunderstood

    Uber headquarters in San Francisco
  • Tuesday, 23 January, 2024
    Markets InsightFinancial & markets regulation
    The increasing complexity of modern leverage raises risks

    After an era of cheap money, it’s not just the quantum of debt in the system that could be a problem

    Stock market graph on a monitor
  • Monday, 2 October, 2023
    Markets InsightForeign exchange
    Currency wars are not what they used to be

    The impact of devaluations on trade, corporate earnings, prices and capital flows might now be more nuanced

    $100 banknotes.
  • Friday, 21 July, 2023
    Markets InsightPrivate equity
    Expanding private markets are redefining their public counterparts

    A shadow economy is emerging in which asset managers can bypass many regulatory requirements and the greater scrutiny of listed assets

  • Wednesday, 12 April, 2023
    Markets InsightMarkets
    Global savings glut more ephemeral than we think

    Assets are not the same as actual funds — especially in volatile times like these

    Rows of houses in San Francisco
  • Friday, 7 October, 2022
    Markets InsightDerivatives
    The risks from derivatives have morphed

    Well-intentioned moves to safeguard the financial system have led to new vulnerabilities

    A depiction of a financial chart
  • Friday, 12 August, 2022
    Markets InsightPrivate equity
    Next financial crisis likely to centre on private markets

    The rush into the sector was predicated on the continuous availability of cheap capital

    The Klarna app
  • Tuesday, 17 May, 2022
    Markets InsightAustralia
    China relationship looms over Australian assets

    Bilateral trade at risk from slowdown in Asia’s biggest economy and political tensions between the countries

    Iron ore falls from a conveyor to a stockpile at Port Hedland, Australia
  • Wednesday, 6 April, 2022
    Markets InsightAustralia
    The risks of Australia’s ‘house and holes’ economy are rising

    As the country faces an election, it is increasingly reliant on housing and mining for growth

    An iron ore loading facility in Western Australia
  • Tuesday, 29 June, 2021
    Markets InsightMarkets
    Archegos revealed flaws of markets that still need to be tackled

    Systemic problems around the use of collateral in trading remain

    Bill Hwang ran Archegos
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